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It appeared that diplomacy was working, but the strikes by the US and Israel now risk destroying any chance of a peaceful resolution of this crisis.

Research gives us an insight into what families have experienced through years of rising costs.

If the US imposed a ban on its diesel exports, as some lawmakers are calling for, it would roil the global market.

Sales reveal how many cars people actually bought, but not how many they actually wanted. Prices, on the other hand, show how demand is changing.

The region may become less of a target for groups seeking to pressure the United States. But the Kurds also have less security support now, should they need it.

Any work to ease current shortages and price hikes while the Strait of Hormuz remains closed will take years and billions of dollars.

Seven months into the US conflict with Iran, with no clear end in sight, the global oil market has now largely exhausted the safety measures that exist to keep a lid on petroleum prices.

There’s not much diesel fuel lying around, and lots of people want to buy what is available, as well as what little is produced each day. It’s all a matter of supply and demand.

Due to its position of influence over Iran, China will be a leading factor in whether the war ends or spills back into open conflict.

Saudi Arabia’s escalating conflict with the Houthis in Yemen will force its new defence partners Turkey and Pakistan to confront some difficult questions.