Crude oil stockpiles look almost normal. The fuel that hauls your groceries is telling a very different story.

By Anushree Mukherjee LONDON, Sept 23 (Reuters) - Oil prices held near their lowest in more than two weeks on Wednesday as improving Gulf crude supplies weighed on the market, though diesel refining margins hit a record high on potential restrictions to US diesel exports.

Oil has climbed above $100 a barrel as the war with Iran disrupts global energy markets, putting pressure on gasoline, transportation, food and other household costs.

Bank of America raised its Brent oil price target to $95 and warned prices could top $150 if Iran war supply disruptions last into spring 2027.

The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.

Stocks tumbled and mortgage rates moved higher as economies around the world confront the prospect of long-term inflation.

Higher Treasury yields don't just hit bond investors. They can raise borrowing costs and pressure stocks across the economy.

Higher oil prices on Thursday are again weighing on U.S. equity-index futures. More expensive crude is sees as a tax on the consumer, can crimp corporate margins (outside of the energy sector, obviously),

Oil prices fell sharply fell for a fifth straight trading session, reaching a two-week low on hopes of a renewed diplomatic push to end the Iran war and optimism over the reopening of a critical pipeline in Saudi Arabia.