Economy · Important news for 21 September 2026
Germany cuts energy tax on petrol ahead of state elections
Bolivia slashes diesel subsidies as Congress ratifies IMF deal
Soaring diesel prices create economic headwinds for Republicans ahead of midterms
Surging diesel prices, driven by the ongoing U.S. war in Iran, have pushed the national average up by 42 cents in a week, creating political friction for Republicans ahead of midterms.
- The U.S. national average for diesel jumped 42 cents over the last week.
- Rising fuel costs are tied to the ongoing U.S. war in Iran.
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