The average price of regular gas in Florida has now risen 31 cents a gallon since Monday. The spike in diesel could raise prices for other goods.

Japanese oil refiners have urged the government to release crude from the country’s strategic petroleum reserves amid growing concerns over potential supply disruptions linked to the escalating Iran–I...

“There remains a high level of uncertainty over the potential length of the conflict and scale of disruption to global energy supplies,” Lee Hardman, senior currency economist at MUFG, said in a note.