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  • President Donald Trump said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections.
  • Trump also insisted that the war against Iran, now in its seventh month with no obvious resolution in sight, will end “immediately after the election.”
  • The remarks came as oil prices climbed higher following the latest flare-up in hostilities between Washington and Tehran.
www.cnbc.com

Trump says oil and gas prices won't fall until 'right after' midterm election

President Donald Trump said energy prices that have been elevated due to the Iran war will not come down until after the midterm elections.
www.cnbc.com www.cnbc.com
 
gcaptain.com

Surging Tanker Rates Signal a Deepening Global Energy Crisis

Global tanker freight rates are surging to record levels with little respite in sight, a sign of the growing strain in oil markets as traders, shipowners, producers and buyers grapple with a drawn-out conflict in the Persian Gulf and increasingly complex workarounds.
gcaptain.com gcaptain.com

gcaptain.com

Russia Expands Arctic Oil Shadow Fleet With Dark STS Transfers in Sea of Japan

Russia has conducted two dark ship-to-ship (STS) transfers involving oil cargoes that traveled through the Northern Sea Route, highlighting the increasingly complex logistics being used to move Russian crude to Asian markets via the Arctic.
gcaptain.com gcaptain.com
 

Maxed out! GasBuddy says 5 California gas stations hit $9.999 for a gallon of diesel, the highest price their systems allow​

  • Chevron stations in California posted prices as high as $9.69 for regular gasoline and $8.89 for diesel at two separate locations in 2026.
  • California diesel averaged $7.76 per gallon, a year-over-year increase of $2.81, while national diesel set an all-time high of $5.97.
  • U.S. refineries running at 98% capacity, Iran's Strait of Hormuz disruptions, and Ukrainian drone strikes on Russian refineries are simultaneously crushing diesel supply.
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Five diesel pumps in California have run out of digits. The dispensers are showing $9.999 a gallon, the highest figure their hardware can display, according to a September 10, 2026 post from GasBuddy head of petroleum analysis Patrick De Haan, who cited the fuel-price app's real-time crowdsourced data. As of this writing, no other outlet has independently corroborated the count or identified the stations, and GasBuddy's real-time feed is the sole source. We are not naming stations, cities, or brands because that information is not in the sourcing, and we are not alleging any retailer chose the number on the display.

Read the rest:

https://www.msn.com/en-us/money/gen...ir-systems-allow/ar-AA2bXxl9?ocid=socialshare
 
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