Topic

Supply fears lift oil prices

11m

Oil prices rose toward $107 a barrel as Middle East attacks and uncertainty over a Russia-Ukraine energy ceasefire heightened concerns about global supply.

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trump spent over a year saying other countries shouldn't buy russian oil.

then diesel prices rose.

now russia has a new buyer

@gzeromedia
https://www.youtube.com/watch?v=zCo56ibG3wo
Trump's Russian diesel deal and what it means for Ukraine | Ian Bremmer's Quick Take
YouTube video by GZERO Media
www.youtube.com
October 12, 2026 at 9:12 PM
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Reposted by Oliver Stuenkel

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Reposted by Dean Baker

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US energy policy in a nutshell: the US wants the free flow of energy from the Persian Gulf but is enforcing a blockade of Iranian ports while sanctioning Russia and trading for its diesel at the same time while Saudi oil/gas facilities are under attack by the Houthis that the US won't help fight
October 12, 2026 at 12:41 PM

Reposted by Greg Linden

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RBADVISERS: “.. Oil prices seem to be following verified shipping data rather than stories about oil shipments returning to normal. WTI up nearly 25% in the last 2 months and now back to pre-truce levels.”
October 12, 2026 at 3:54 PM

Reposted by Klaus Adam

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Reposted by Iikka Korhonen

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Explosions in Riyadh could mean higher prices at the pump. ⛽

As fighting escalates in Yemen, Houthi forces are threatening a critical route for Saudi oil exports, adding another layer of uncertainty to an already volatile global energy market.

Andrew Leber explains more.
October 12, 2026 at 7:43 PM
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The Brent oil price reached nearly $107 a barrel Monday after Yemen's Iran-backed Houthi movement launched strikes on Saudi Arabia, heightening worries about tight global supplies heading into the northern hemisphere winter. finance.yahoo.com/markets/arti...
Oil rises as Trump comments roil energy markets
The Brent oil price reached nearly $107 a barrel Monday after Yemen's Iran-backed Houthi movement launched strikes on Saudi Arabia, heightening worries about tight global supplies heading into the nor...
finance.yahoo.com
October 12, 2026 at 3:49 PM

Reposted by Trudy Harpham

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3/ So now Trump wants to give Putin a lot of money for Russian diesel, which won’t do anything to markets and won’t even help him in the midterms though I bet Putin told him it would.
October 12, 2026 at 1:32 PM

Reposted by Jože P. Damijan

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"at the end of the weekend, Trump lost the political battle over diesel exports from Russia and has been proven (again) to be a liar about an alleged energy ceasefire between Russia and Ukraine...diesel prices remain nearly double what they were before..."
roberthubbell.substack.com/p/a-desperat...
A desperate Trump fabricates a “ceasefire”
October 12, 2026
roberthubbell.substack.com
October 12, 2026 at 2:43 PM
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Yet somehow the NPR news report today on Russian oil, war in Iran, ⬆️ diesel prices concludes by noting Trump in the 2026 midterm faces the same issue Biden did in 2024 - people feeling the economy is bad even though POTUS says it's great. Media using "both sides" to remake history & reality
METLIFE: “.. A larger share of households, roughly 42% of them, reported that their financial situation was somewhat or significantly worse than it was one year ago.”

(NY Fed data:)
October 12, 2026 at 4:33 PM

Reposted by Olga Onuch

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Reposted by Michael McFaul

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