DAILYCALLER (Francis Kapper) - Iraqi Militias Join The Iran War As The Fire Rises
‘critical supply artery’
‘critical supply artery’
Aired On: 9/11/2026
The price of U.S. diesel fuel hit a new high over mounting fears that fighting in the Middle East could further threaten oil supplies.
Inflation stands more than a percentage point above the Fed's target rate of 2%.
The Labor Department said Friday that the consumer price index rose 3.4% last month compared with a year ago, the same as in July.
The index for gasoline rose 3.9% in August, accounting for over one-third of the monthly, all-items increase.
‘until those elephants are killed’
President Trump says gas and oil prices won't get back to normal until after the midterms. This comes as oil prices hit $100 per barrel and diesel nears $6 per gallon. Vice President of General Economics at the Cato Institute Scott Lincicome and CNBC Fast Money Contributor Dan Nathan join Stephanie Ruhle to provide more insight.
The cost of crude oil hit its highest levels in months, as investors worried about diminishing oil supplies after reports that the Iranian-backed Houthi militia had captured a port city in Yemen.
The Energy Department's statistics arm on Wednesday sharply raised its forecast for U.S. diesel prices next year as tight global supplies keep domestic inventories unusually low. Why it matters: The outlook suggests Americans could face elevated fuel costs well into 2027, as President Trump acknowled Wednesday that oil prices may not fall until after November's midterm elections. - U.S. diesel prices hit all-time highs this month, due to the Middle East conflict thwarting oil and petroleum product supplies, and Ukraine's drone campaign targeting Russian refineries . Driving the news: The latest Energy Information Administration outlook expects retail diesel to average $4.40 a gallon in 2027, up 33 cents, or 8.2%, from its previous…