Oil is trading lower, possibly as a small number of vessels continue transiting the Strait of Hormuz amid ongoing regional tensions. President Trump's reported willingness to meet with Iranian President Pezeshkian during the UN General Assembly session and his decision to call off strikes against the Houthis may raise optimism about conflict resolution that would end supply-chain constraints.

Diesel Hits Record $6.51 a Gallon as Fuel Crisis Deepens: Commodity Strategist Warns ‘No Handshake Can Refill’ the Market

Diesel hits a historic $6.51/gal. A commodity strategist warns Middle East disruptions caused a refining deficit 'no handshake' can fix.

Trump To Address UN As Europe’s Energy Prices Jump On Saudi Oil Export Disruptions

Europe’s energy prices jump ahead of Trump’s UN address, with Saudi oil export cuts tightening supply, lifting Brent, and pressuring inflation.

Meet the New Boss, Same as The Old Boss’: James Thorne Says Kevin Warsh Failed His First Fed Test After Rate Hike, Warns Another Increase in October

James Thorne said Fed Chair Kevin Warsh failed the test, as Wednesday's rate hike shows no real policy change.

'Trump Administration Proposes $5 Billion To Kickstart Investment Fund To Rebuild Gulf Energy Sites; Proposal Is Under Discussion With Several Middle Eastern Countries Including Saudi Arabia And U.A.E.' - WSJ Exclusive

https://www.wsj.com/world/middle-east/trump-administration-proposes-5-billion-to-kickstart-investment-fund-to-rebuild-gulf-energy-sites-5b75cadf

Stocks Jump On Iran, China, and Bitcoin Hopium—But The Big Conflicts Have Not Gone Away

Buying On Hopium Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL). Note the following: Semiconductors reflect the AI trade, and SOXL is the momo crowd’s

Brent Crude Futures Drop Below $100/Barrel For The First Time Since September 9