Iranian IRGC Navy Says It Targeted An LPG Tanker Trying To Illegally Pass Through The Strait Of Hormuz; Vessel Suffered Massive Fire

Reported October 16, President Trump Waives Application Of Certain Sanctions On Russia And Other Countries Under The Graham Act

https://www.whitehouse.gov/presidential-actions/2026/10/implementing-the-lindsey-o-graham-sanctioning-russia-and-iran-act-of-2026/

Russian Deputy PM For Energy Novak Says That Even With Refineries Undergoing Repairs, There's Enough Diesel For Export

– Reuters

Reported Earlier, IEA Governing Board Agrees To Accelerate Release Of Refined Products Remaining Volumes, Including 20M+ Barrels Of Diesel As Soon As Possible

https://www.iea.org/news/iea-governing-board-statement-on-energy-markets-and-security

Gas Prices Jump 9.1% as Inflation Accelerates, But Trump Adviser Kevin Hassett Calls it 'Temporary’ — Says September CPI Report Still Contains a ‘Whole Bunch of Good News’

Hassett called September’s inflation surge temporary, citing energy prices, while noting stable food and falling drug costs.

UPDATED: U.S. Baker Hughes Oil Rig Count -3 To 459; U.S. Baker Hughes NatGas Rig Count +1 To 133; U.S. Baker Hughes Total Rig Count 603 Vs 603 Prior

Updated To Reflect Correct Total Rig Count

Reported October 15, 'Lutnick Throws the Future of U.S.-Mexico Trade Talks Into Further Doubt; The commerce secretary has objected to significant reductions in tariffs on Mexican steel, aluminum and automobiles' - WSJ Exclusive