‘Astronomical’ fuel price surge hits farmers in UK and US

INTELLIGENCE SUMMARY

Intensification of Middle East conflict and ongoing Russian export ban sees diesel prices rise 10% in less than a week Farmers are facing an “astronomical” jump in the price of fuel needed to operate their vehicles and machinery after a surge in diesel costs in the UK and US. Renewed fighting between the US and Iran has driven up the price of crude oil, while last week Russia extended a ban on diesel exports, further pushing up market prices. Continue reading...