Trump Presses Zelenskyy to Stop Striking Russia's Diesel Infrastructure

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3▲3 ▼0Impact / 5
Summary · why it matters

US President Donald Trump has called on Ukrainian President Volodymyr Zelenskyy to halt attacks on Russia's diesel infrastructure, saying the strikes are aggravating fuel shortages and affecting markets worldwide. Trump also said on Sunday, September 13, that the United States might decide to stay entrenched in Iran to seize its oil, drawing a comparison with the case in which the United States took control of roughly one-fifth of Venezuela's oil reserves, and stressed that the war in Iran would likely end within this year, possibly after the US midterm elections in November. Meanwhile, Ukrainian sources told Kyodo News today that Azusuke Mori, Speaker of Japan's House of Representatives, is preparing to visit Ukraine soon, which would be the first visit by a Japanese lower-house speaker since Russia launched its full-scale invasion of Ukraine in February 2022. South Korea's Ministry of Trade, Industry and Resources said Saudi Arabia's order to shut the East-West Pipeline is expected to have only a limited short-term impact on oil supply, pledging to monitor the situation closely together with relevant businesses. Beijing has banned the possession and use of recreational drones as part of tightened security measures in the capital, after a small aircraft struck the Citic Tower skyscraper this past June.

Impact on assets 3

Others▲ · 3 stocks
⛏Brent Crude Oil Futures
BRENT
▲ PositiveSupplyrelevance

Reduced risk of Russian diesel-infrastructure strikes easing global fuel shortages supports Brent crude on the supply side.

⛏Crude Oil WTI Futures
WTI
▲ PositiveSupplyrelevance

Trump's call to halt Ukrainian strikes on Russia's diesel infrastructure would ease fuel-supply disruptions, a supportive supply-side signal for crude.

⛏Heating Oil Futures
HEATOIL
▲ PositiveSupplyrelevance

Easing of Russian diesel-infrastructure attacks and the Saudi East-West Pipeline shutdown's limited supply impact keep distillate/fuel supply risk in focus for heating oil.

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