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Trump said Putin agreed to supply diesel to the global market, and OFAC issued a temporary license.
Trump stated that Russia will immediately supply over 300,000 tons of diesel to the U.S. and global markets, followed by an additional 500,000 tons in November, with a further 1 million tons to be supplied thereafter. Depending on the situation at Russian refineries, Russia will subsequently deliver another 3 million tons of diesel within a short period. At Trump's direction, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) will promptly issue a temporary general license permitting Russian diesel supplies to enter the global market.
Crude oil supplies from the Middle East are gradually recovering, so why do oil prices remain stubbornly high?
Goldman Sachs notes that while Persian Gulf crude oil exports have recovered to the 2025 average level or higher, global visible inventories have fallen to near-historic lows not seen since 2017.
Trump: The United States will not attack Iran before the midterm elections
① On Thursday, local time, U.S. President Trump stated that the United States would not launch an attack on Iran before the midterm elections on November 3; ② Trump also said that the U.S. naval blockade of Iran "will remain fully in effect," and that the United States is engaged in "productive discussions" with Iran.
Express News | Trump said the U.S. and Iran are engaged in productive discussions and will not attack Iran before the midterm elections.
We are engaged in productive discussions with the Islamic Republic of Iran. Let me make one thing clear to everyone: despite Iran's dire economic and military situation, and notwithstanding the fact that the blockade remains fully in force—with oil flowing through the Strait of Hormuz at record-breaking volumes (22 million barrels just last night, none of which originated from or was destined for Iran!)—we will not launch an attack on Iran at any time before the U.S. midterm elections on November 3. Iran will not acquire nuclear weapons!
As "light-asset" portfolios experience drawdowns, large state-owned banks are once again demonstrating their "safe-haven" effect.
Non-growth‑style assets are performing well at the moment.On October 8, both the A-share and Hong Kong stock markets witnessed a striking "polarized" performance. On the one hand, tech‑related "
Significant reduction in the 100 million barrel target? Reports indicate the EU views the strategic petroleum reserve release plan primarily as honoring previous commitments, not as introducing new allocations.
On Friday, the G7 member countries agreed to release up to 100 million barrels of crude oil and diesel reserves. In March, the IEA announced a plan to release 400 million barrels; as of last Friday, about 75 million barrels remained unleased. EU member states generally view this move as merely fulfilling previous commitments, rather than adding new quotas. Regarding the early release of diesel stocks—specifically highlighted in last week's G7 agreement—EU members believe it is feasible, though the scale may be limited.