UK diesel prices hit record highs due to Iran war
RAC said UK diesel at the pump rose to 199.18 pence a litre, topping the previous record of 199.09 pence in June 2022.
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South Korea summons Ukraine envoy over North Korean POW transfer
Seoul protested Kyiv's disclosure of the transfer of captured North Korean soldiers and sought an explanation and apology.
White House Has Few Options Left as Diesel Prices Surge Toward $7
Diesel prices continued their strong surge this week, and this trend may persist, with the White House having few options left ahead of the midterm elections. Diesel Prices Are in a Strong Surge Data compiled by AAA shows that the average price of diesel has jumped to $6.51, a few weeks after it crossed the $6 mileston
View: The US-China tectonic plates have shifted
In rolling out the red carpet for China’s Xi Jinping, US President Donald Trump underscored how rapidly the balance of power in the relationship has shifted. Before this week, the last time a US president greeted a foreign leader at Joint Base Andrews was when John F. Kennedy welcomed British Prime Minister Harold Macm
Why US Diesel Prices Could Stay High Even If Oil Tumbles: A Global Refinery Shortage
U.S. diesel prices are hovering near record highs as the wars in the Middle East and Ukraine squeeze global refining capacity. A top European central banker warns high diesel prices could linger much longer. But some investors expect oil to tumble once the Strait of Hormuz reopens. The average price for a gallon (3.79
UN diplomacy inches forward on Iran, Ukraine at week of talks
Reuters recaps a week of UN diplomacy that included first shuttle talks between US and Iranian officials since a July ceasefire collapse, plus discussions on Ukraine. It also highlights debate over AI risks, Venezuela’s debt-focused meetings and Sudan’s visa dispute.
Oil prices fall 2% as US, Iran explore phased path out of war
Brent crude settled at $104.32 a barrel and WTI at $92.41. Traders also weighed talk of a possible US diesel export ban and disruptions to Saudi oil flows from Houthi attacks.
MNI ASIA OPEN: 20Y Highs for 10Y Yld, S&P Flash PMIs Surge
EXECUTIVE SUMMARY * MNI FED: Gov Barr: Base Case Is For Further Hikes: #83aa171c-7fc4-49fd-82f5-351bcb071d96 * MNI IRAN: Security Chief Says In No Rush To Negotiate: #5df7e2ac-e490-4920-91fd-84069fe559a3 * MNI IRAN: Pezeshkian Talks On Nuclear, Hormuz & US Stance In UN Address: #c9b6854d-8cab-47cb-8646-ce411062279c * M
MNI US OPEN - Trump Hails "Very Good" Talks With Iran's Envoys
EXECUTIVE SUMMARY * TRUMP HAILS IRAN TALKS EVEN AS TEHRAN SETS 'FIRM POSITIONS': #0244e48b-2945-4b3b-8085-728a924ddf38 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH: WSJ: #cddd3044-ae77-4efa-9233-fb28b1e6f368 * NAGEL SAYS 'VIGILANT' ECB MAY NEED MILDLY RESTRICTIVE RATES: #13be4029-5b8c-40
POLAND: MPC's Kotecki Says Rising Transportation Costs May Force Policy Reaction
* Asked about rising fuel prices, MPC's Ludwik Kotecki told RMF FM that headline inflation will likely accelerate beyond +4% Y/Y already in October. Against this backdrop, 'we will likely be raising the cost of money in the economy'. He clarified that the MPC's October meeting will likely see a 'warm up' before a serio
MNI EUROPEAN MARKETS ANALYSIS: USD Supported Despite Lower Oil
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
MNI EUROPEAN OPEN: Oil Pullback Continues
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
Trump Calls Putin’s Closest Ally to Solve His Canada Problem
President Donald Trump said the U.S. is working on a "massive deal" to import potash from Belarus, a country that has long been seen as a de facto extension of Russia. Yet with mid-term elections approaching, any deal aimed at easing input costs for American farmers is political points for Trump amid an escalating cros
Marjorie Taylor Greene Backs Trump’s Diesel Export Ban, but Top Oil Analyst Says It Would ‘Not Be Good At All’
Former Congresswoman Marjorie Taylor Greene has backed the President Donald Trump administration’s plan to cut down on diesel exports, but GasBuddy analyst Patrick De Haan warns the move could do more harm than good in the long term. Banning Diesel Exports is an America First Move In a post on X on Monday, Greene toute
Macron: Discussed Ukraine-Russia energy truce ideas with Trump
French President Emmanuel Macron said he discussed with US President Donald Trump initiatives aimed at securing a moratorium between Ukraine and Russia on attacks linked to the energy sector. Macron said the two leaders held a "very good" and "very constructive" discussion on the conflict and agreed on the need to help
Soybean futures rally on hopes of Chinese buying
Chicago Board of Trade soybean futures climbed on Monday as traders anticipated that a meeting between US President Donald Trump and Chinese President Xi Jinping this week could expand Chinese buying of American crops. Corn and wheat futures also advanced. Most-active soybean futures closed up 24-1/2 cents at $13.28 pe
EU must not soften Belarus sanctions: Lithuania
Lithuania's foreign minister Kęstutis Budrys said on Monday that the European Union has no reason to ease sanctions on Belarus, arguing that President Alexander Lukashenko's government continues to repress opponents, violate human rights and back Russia's war in Ukraine. The EU's current sanctions framework on Belarus
Soybean futures rise on hopes China will buy more US supplies
Soybean futures rose on Monday as traders anticipated that a meeting between US President Donald Trump and Chinese President Xi Jinping this week could spur more Chinese buying of American supplies. Most-active soybean futures rose 23-1/2 cents to $13.27 a bushel by 12:30 p.m. CDT (1730 GMT). CBOT corn was 13-1/2 cents
Chicago soybeans, corn rise on hopes of China buying more U.S. supplies
Chicago soybeans and corn rose on Monday as traders await a meeting between U.S. President Donald Trump and Chinese President Xi Jinping this week, which could generate more Chinese buying of U.S. supplies. Wheat also rose on drone attacks by Ukraine and Russia reducing hopes for de-escalation in their war. Most-active
Gavin Newsom Fires Back at Trump’s 'Disastrous' Iran War With E15 Gas Push as California Fuel Tops $6
Gov. Gavin Newsom (D) has announced that California will clear regulatory hurdles to allow retailers to sell E15 gasoline to combat high fuel costs amid rising tensions between Washington and Tehran. Trump’s Disastrous War in Iran In a post on X on Sunday, Newsom criticized President Donald Trump. “With Trump’s disastr
UK PM Burnham to meet Trump with pragmatic approach
Prime Minister Andy Burnham heads to New York for the United Nations General Assembly, where he is expected to meet U.S. President Donald Trump. Burnham intends to pursue a pragmatic approach, asserting British interests even if they diverge from Trump's stance.
Take Five: US-China summit, AI debate loom over markets
Markets face a high-stakes week with a US-China presidential summit, UN General Assembly, and key economic data releases. Discussions on AI governance and central bank meetings in Indonesia add to the complex backdrop.
China trade surge sets stage for Trump-Xi summit
China's export boom has defied tariffs and boosted its global trade surplus to over $1 trillion as President Xi Jinping prepares to meet President Donald Trump in Washington on Sept. 24, tempering expectations for major breakthroughs.
Marjorie Taylor Greene Says ‘This Is All Trump’s Fault’ as Diesel Nears $7 in Florida—Warns ‘It Is Going to Crush Our Economy’
Former Congresswoman Marjorie Taylor Greene criticized President Donald Trump over surging fuel prices, attributing the higher fuel prices to Trump’s handling of the Iran conflict and warning of broader economic consequences. Greene Slams Trump Over Fuel Prices On Saturday, in a post on X, Greene said, "Insane!! Diesel
World leaders return to UN amid wars in Middle East and Ukraine
Trump returns as UN faces financial, political pressure AI joins wars as top concern for world leaders Xi bypasses UN General Assembly for Trump meeting Search begins for successor to UN chief Guterres By Antoni Slodkowski UNITED NATIONS, Sept 20 (Reuters) — World leaders gather in New York this week for the UN General
Defence firm Anduril says US delay on Taiwan arms sales affecting its business
US sitting on approval for $14 billion arms package for Taiwan Trump, Xi to meet in Washington next week Drone maker Anduril sells weapons to Taiwan China sanctioned Anduril's founder last year By Ben Blanchard TAIPEI, Sept 19 (Reuters) — US defence tech firm Anduril's founder Palmer Luckey said on Saturday that Presid
ANALYSIS — Russia sanctions bill gives Trump sweeping new tariff powers
Top five buyers of Russian oil, gas face tariffs of up to 100% Top-five facilitators of sanctions evasion also face tariffs Critics say lack of specific targets gives Trump great leeway (Updates with Trump signing bill in lead paragraph) By Andrea Shalal WASHINGTON, Sept 18 (Reuters) — The Russia sanctions billsigned i
ANALYSIS — Russia sanctions bill gives Trump sweeping new tariff powers
Top five buyers of Russian oil, gas face tariffs of up to 100% Top-five facilitators of sanctions evasion also face tariffs Critics say lack of specific targets gives Trump great leeway Trump to sign bill later Friday By Andrea Shalal WASHINGTON, Sept 18 (Reuters) — The Russia sanctions bill passed by Congress this wee
ANALYSIS — New US sanctions bill on Russia puts India's Modi in a bind
US Russian oil bill leaves Modi facing tough choices India warns new US tariffs could hurt bilateral ties Russian crude now accounts for over 40% of supplies Oil dilemma risks fuel price shock before key elections New sanctions threat clouds US-India trade deal hopes By Aftab Ahmed, Krishna N. Das and Nidhi Verma NEW D
ROI — Global rates reset, AI angst and oil's long haul: The financial week in five charts
(The opinions expressed here are those of the authors.) By Anna Szymanski Sept 18 (Reuters) — Every Friday, Reuters Open Interest (ROI) distills the financial week into five key charts, spotlighting the major trends, surprises, and overlooked moves that defined the past five days. 1. Liftoff ANNA SZYMANSKI, ROI Editor