Oil keeps climbing and the Middle East fight is getting worse, which is bad for drivers, shipping, and anyone watching their cost of living.

• Brent crude pushed past $107 after Trump turned down an Iranian offer to reopen trade through the Strait of Hormuz.
• The White House is weighing a ban on exporting diesel, a move that would tighten supply further and strain Europe and Asia.
• Eight US Marines were hurt two weeks ago when an Iranian cruise missile hit the ship they were on in the Strait — the attack was not disclosed at the time.
• Iran says it is ready for peace only if US and Israeli pressure stops, so neither side is backing down.
• A Pennsylvania township is offering residents $10,000 each to accept a new data center, a short-term payout for a long-term local cost.

Outlook: Oil and diesel prices look set to stay high while the Strait of Hormuz standoff drags on, with political fallout building ahead of the midterms.