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The Economic Times
The Economic Times

US diesel prices surge 70% amid Iran war: Can Trump-Putin deal bring relief to truckers and stop grocery prices from rising?

American truckers are having a tough time in the United States as they have warned about sky-high diesel prices are hampering their profits. The skyrocketing prices of diesel are putting pressure on trucking companies to cut routes. This has sparked concerns that some drivers could be forced to quit their jobs and the pain could eventually reach Americans at the grocery store. "Fuel prices is going up, the rates are not going up," Miami-based trucker Suave Dorsett told Fox News Digital. "So it's hurting our pockets real bad."

The warnings by American truckers come as the ongoing Iran war has sent diesel prices soaring, burning a hole in their pockets. US President Donald Trump has predicted oil prices will fall "like a stone" amid expectations that the conflict could soon end. But the reality paints a different picture as drivers and smaller operators are facing mounting financial pressure. The rising trucking expenses and push up prices for groceries, deliveries and other everyday goods in the US.

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