Oil and diesel prices are spiking as key shipping chokepoints shut down, which is bad for drivers, truckers, and anyone who buys goods that move by truck.

• Diesel is getting much more expensive, and since almost everything is shipped by truck, prices for regular goods will rise too.
• Iran closed the Strait of Hormuz after the US and Israel attacked it in February, cutting off a fifth of the world's oil flow.
• Oil jumped 59% in March, the biggest move since the Gulf War, and repeated ceasefire deals have gone nowhere.
• Yemen's Houthis then seized a second key strait, and drone strikes shut down Saudi Arabia's only backup pipeline.
• JP Morgan says it no longer has any baseline for where oil prices should be.

Outlook: With no clear path to reopening these routes, gas, diesel, and shipping costs are likely to stay high or climb further.