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."

[CALENDAR ADDITION] Japan's Meteorological Agency will hold a press conference at 11:30BST following the earlier earthquake. A Kyodo source suggests they will issue warnings for a "late-onset earthquake off the coast of Hokkaido and Sanriku."

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