Chinese President Xi held a phone call with Saudi's MBS, in which Xi said China is willing to deepen its strategic trust with Saudi Arabia and strengthen cooperation on a practical basis, Xinhua reports

Three tankers sailed through the Strait of Hormuz on Monday, according to ship tracking data

Kpler believes the "jet fuel market is structurally short, with around 700 kb/d of Middle Eastern and Chinese supply removed and refinery runs now declining, tightening balances further."

Chinese President Xi held a phone call with Saudi's MBS, in which Xi said China is willing to deepen its strategic trust with Saudi Arabia and strengthen cooperation on a practical basis, Xinhua reports

White House strategists, on gasoline prices, says "if we don’t see the USD 3/gallon of gas, we’re gonna get killed” at the Midterms, Politico reports

German Chancellor Merz says there is potential in Brazil for critical metals and Germany can offer tech support