Trump rules out a US diesel export ban
- Trump said the US would not ban diesel exports
- European nations will expand fuel availability within the market
- Lower risk of export curbs supports fuel availability for Indian refiners and fuel buyers
Developing
Clear ×Iran conflict, diplomacy and oil-market risks73Trump-Xi summit and US-China relations48Diesel export-ban threat and G7 reserve release26Houthi attacks on Saudi Arabia9US data cools Fed rate-hike expectations7India’s response to US trade investigations6Brazil presidential election and cost-of-living concerns5Flydubai cockpit attack and investigation5Attacks on commercial shipping in the Gulf3
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5 Indians rescued after Kuwait-flagged tanker hit by projectile in Hormuz
- Five Indian nationals were rescued from tanker MT Kazimah III after it was struck by a projectile
- The Indian Embassy in Oman coordinated the rescue
- Hormuz shipping risks matter to Indian oil importers and shipping companies
Nasdaq hits record as weak US jobs data cools rate-hike bets
- Nasdaq Composite hit a record high after disappointing US jobs data
- Lower Treasury yields and oil prices accompanied the rise; Nike shares fell on its forecast
Vast majority of G20 countries reject US stance on excess industrial capacity, forced labour
- Only Mexico and Argentina joined the US statement on forced labour in supply chains
- The vast majority of G20 countries rejected the US stance on excess industrial capacity and forced labour
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Trump declines to reveal next move on Iran, says conflict 'won't be long'
- Trump predicted oil prices would fall once the Iran conflict ends, but gave no details of his next move
- Lower crude prices would help Indian fuel importers but pressure upstream producers such as Oil India
Trump says South Korea deal includes an $8.4 billion oil project
- The project will fund enhanced oil recovery
- It adds to a broader US-South Korea investment package
Bets on an October Fed rate hike fall as US job market cools
- The US added 29,000 jobs last month, below economists’ forecast of 90,000
- The unemployment rate rose to 4.2%
Trump wants South Korea in on Alaska LNG. Here’s why Seoul is cautious
- South Korea remains cautious on Alaska LNG over high costs and commercial risks