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[BUSINESS] · United States, Türkiye, Germany, United Kingdom · 100 sources

US‑Iran conflict pushes oil above $90, sparking fuel price hikes and travel warnings

Escalating hostilities between the United States and Iran have driven Brent crude above $90 a barrel, reviving concerns about global energy security. The surge has rippled through markets: European diesel stocks are projected to hit multi‑year lows, prompting Morgan Stanley to warn of a tight diesel market, while inflation fears rise as higher oil prices feed into transport and household costs.

In Turkey, the price of motorin (diesel) is set to rise by 1.12 TL per litre, pushing local pump prices in Istanbul, Ankara and İzmir above 75 TL. The Turkish government’s “eşel mobil” tax‑support scheme will be phased out on 1 Oct 2026, further exposing consumers to fuel‑price volatility.

The United States State Department has issued a worldwide travel advisory for Americans, citing the “complex security environment” in West Asia and warning of possible attacks on U.S. interests abroad and disruptions to air travel.

Together, these developments underline how the US‑Iran flare‑up is reshaping commodity markets, inflating consumer costs, and prompting diplomatic cautions across multiple regions.

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