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Supply and Demand

Diesel Tops $6.50 in U.S. as Global Shortage Deepens

Geopolitical attacks plus export curbs have squeezed refinery output, drained inventories, keeping supplies tight into 2027.

U.S. Gasoline Tops $4 as Strait of Hormuz Traffic Falters

OPEC+ Agrees 188,000 bpd August Increase as Hormuz Flows Recover

Markets Rally After Trump Says U.S.-Iran Talks Are Progressing

White House Pushes Putin–Zelensky Talks as U.S. Rules Out Troops and Targets India With Tariffs

Israel and Iran Trade New Missile Strikes on Fourth Day of Conflict