Oil is trading higher after Chinese refiners suspended October fuel exports, adding to the global refined products shortage as the Middle East conflict continues to tighten supplies. Also, the U.S. may send a third aircraft carrier strike group as President Trump mulls over additional attacks on Iran after the midterm elections.

Trump Wants to Keep America’s Diesel at Home: It's Having a Strange Effect on Oil Prices

The gap between Brent and WTI crude hit its widest since May as Trump's diesel export ban talk hit US refiners.

Oil is trading lower after Saudi Arabia resumed oil exports from its Red Sea port of Yanbu, easing some regional supply-chain concerns. Also, reports suggest that Aramco has increased crude exports via the Oman route to offset the East-West Pipeline outage, adding more downward pressure on energy prices.

8-K filing — United States Brent Oil Fund, LP (BNO)

Filed: 2026-09-29 AccNo: 0001104659-26-111782 Size: 206 KB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits

Scott Bessent Says Iran Transported 'Zero' Oil Onto Tankers Last Month — Trump’s Sanctions Are Targeting Tehran’s ‘Most Critical’ Revenue Stream

Bessent says Trump’s sanctions stopped Iran from loading crude onto tankers in September, cutting off Tehran’s key revenue.

No Talks About Iran's Nuclear Programme Took Place During Recent Meetings With Mediators

'Iran Offers to Allow Nuclear Inspectors If Sanctions Are Eased'- Bloomberg