this post was submitted on 18 Apr 2026
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The price of crude oil went up because, worldwide, we presently have less of it to meet the same amount of demand, so suppliers can afford to charge more. That translates into the prices of all products, worldwide, made from crude oil going up (and as a knock-on effect, the price of pretty much everything everywhere going up, because most goods still need gas/diesel/aviation fuel to be transported beyond a small local area).
In other words, it doesn't matter what specific source a given company is using, because some of what would normally be their oil is being sold at a premium to people who used to get their oil from that war zone.
(And as the rotten cherry on top of all this, add speculators, hoarders, and the commodities market.)