Diesel futures jump, signaling higher prices to come despite Trump’s Russia deal

Diesel futures traded sharply higher Tuesday, as doubts mounted about the likely impacts of the Trump administration’s latest efforts to push prices down. U.S. diesel futures were up 5% by midday to their highest level in weeks. In Europe, diesel futures rose by about 3.8%, while gas futures spiked to levels not seen all year. A move higher in futures markets typically signals that prices will climb in the coming days. Already, the average nationwide price of diesel is up 70% since the U.S. and Israel attacked Iran on Feb. 28. The cost of unleaded gas has risen by more...