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Reports of crude flows out of the Persian Gulf recovering toward pre-war levels pushed oil prices lower. The EIA weekly retail diesel price fell 14.7 cents to $6.382/gal, the first decline in four weeks.
Iran's exports remain effectively halted under a US blockade.
Lower crude and diesel prices reduce fuel and freight costs for feed manufacturers and farm transport. The price direction depends on whether Gulf flows continue to recover.
freightwaves.comJohn KingstonSep 30, 2026After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 51 past bearish geopolitics events, ULSD / Diesel moved a median -2.4% over 5 sessions (37% higher; middle half -8.2% to +3.9%), and -2.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
