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US diesel prices up 70 pct since start of Iran war

China

China

China

US diesel prices up 70 pct since start of Iran war

2026-10-10 09:40 Last Updated At:11:47

U.S. diesel prices have climbed roughly 70 percent since the U.S.-Israeli war against Iran began more than seven months ago, with the national average hitting 6.28 U.S. dollars per gallon on Thursday.

The Trump administration has pushed allies to release emergency oil reserves and moved to expand access to tax-exempt red-dyed diesel. But industry insiders said that such measures are unlikely to ease the global shortage of refined petroleum products, and the dyed diesel policy has yet to gain broad uptake among major retailers due to tax and logistical barriers.

Rising diesel prices are adding to cost pressures on U.S. farmers and truck drivers. The cost of living is widely seen as one of the top concerns for American voters.

US diesel prices up 70 pct since start of Iran war

US diesel prices up 70 pct since start of Iran war

The U.S. Treasury Department on Friday added the International Criminal Court (ICC) to its sanctions list, extending U.S. sanctions against the Hague-based court from individual officials to the institution itself.

"Today, the United States is sanctioning the International Criminal Court. We will ban transactions with this rogue court, cutting off their resources and crippling its ability to operate," U.S. Secretary of State Marco Rubio said in a statement.

"President (Donald) Trump will never allow the International Criminal Court to prosecute Americans," said Rubio. "America never joined the court. We don't need it. And we don't want it."

The court was added to the Specially Designated Nationals and Blocked Persons List, subjecting it to U.S. asset-blocking sanctions and restrictions on transactions involving U.S. persons, according to a notice published by the Treasury's Office of Foreign Assets Control.

Alongside the new designation, the Treasury issued four general licenses authorizing certain transactions involving the ICC, including a 180-day authorization for activities necessary to maintain its operations, as well as exemptions covering information technology services, the court's pension plan and activities related to ICC detainees.

The U.S. State Department said in a fact sheet that the 180-day license was intended to give countries that are parties to the ICC time to demonstrate meaningful progress on diplomatic and legal resolutions addressing U.S. concerns regarding the court.

The designation follows earlier U.S. sanctions against ICC officials under an executive order signed by Trump in February 2025. To date, the United States has imposed sanctions on over a dozen persons pursuant to the order, including ICC President Tomoko Akane of Japan, according to the state department.

The Trump administration has accused the ICC of improperly asserting jurisdiction over the United States and Israel, neither of which is a party to the Rome Statute establishing the court.

Tensions surged after the tribunal issued arrest warrants in 2024 for Israeli Prime Minister Benjamin Netanyahu and then Defense Minister Yoav Gallant over war crimes and crimes against humanity related to the Gaza conflict. The ICC maintains it holds jurisdiction over alleged crimes committed within member territories, regardless of the suspect's citizenship.

The ICC strongly rejected the U.S. sanctions on Friday. "It is an assault on the rule of law and on the very foundations of the international legal order which strikes at the simple principle that no one stands above the law," the ICC said in a statement, vowing that the designation would not deter it from carrying out its mandate.

U.S. sanctions International Criminal Court

U.S. sanctions International Criminal Court

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