An Iranian Revolutionary Guards spokesperson on Tuesday called US President Donald Trump a "big liar", accusing him of concealing the truth from Americans about Iran's nuclear programme and the effectiveness of Iran's blockade of energy supplies from the Gulf. Among his reasons for waging war on Iran, Trump has cited the need to ensure that it will never be able to build a nuclear weapon. "The enemy (US) knows that Iran is not after nuclear weapons," Hossein Mohebbi said. "Their issue with [Read more]

US President Donald Trump said he has offered Iran nothing to end the war, rejecting media reports that cited US officials saying he was willing to ease sanctions and release frozen funds for "concrete" steps regarding Iran's nuclear programme. "This is untrue. I offered them NOTHING," Trump wrote on Truth Social on Monday. Axios and CNN both reported, citing unidentified US officials, that Trump was willing to give Iran sanctions relief and free Iranian funds as part of a final deal on [Read more]

Crude oil exports from key Middle East producers rebounded in September to 16.328 million barrels per day (bpd), the highest since the US-Israeli war on Iran started in late February, data from Kpler showed on Monday, as Saudi Arabia and the United Arab Emirates boosted exports. The rebound came following a recovery in exports via the Strait of Hormuz, which were set to hit about 9.719 million bpd this month, as Saudi Arabia diverted oil exports from the Red Sea port of Yanbu following [Read more]

The Canada Energy Regulator on Monday approved Trans Mountain's negotiated tolls settlement, finding the tolls just and reasonable and setting a new framework for tariffs and transportation services on the pipeline system. The decision allows up to 90% of the pipeline's capacity to be contracted to shippers, up from 80%, the regulator said. * The regulator said Trans Mountain can still ensure other shippers have meaningful access to available pipeline capacity. * The settlement resolves an [Read more]

US President Donald Trump told reporters that United States officials talked with mediators trying to end Washington's war with Iran on Monday, adding the US will win the Iran war "very soon." "We're going to win, as far as I'm concerned, it's going to be one way or the other," Trump said in the Oval Office. "It's going to go pretty quickly." Trump also said that gas prices will come tumbling down after the US wins the war. (Reporting by Bo Erickson and Trevor Hunnicutt in Washington; editing [Read more]

The White House is considering regulatory relief that would allow broader sales of red-dyed diesel as part of an effort to bring down soaring prices, a move that could allow some buyers to avoid the federal fuel tax, according to two people familiar with the discussions. The red-dye proposal has emerged from days of administration deliberations as one of the leading alternatives to a diesel export ban, which has been discussed as global supply disruptions drive prices to record levels. [Read more]

U.S. natural gas storage is on track to end the April-October summer injection season at a three-year low of 3.841 trillion cubic feet (tcf) on October 31, 2026, according to analysts' estimates. That compares with a two-year low of 3.929 tcf at the end of October in 2025 and a five-year (2021-2025) average of 3.782 tcf. Looking ahead, analysts estimate stockpiles are on track to end the November 2026-March 2027 winter withdrawal season at a five-year low of 1.780 trillion cubic feet (tcf) [Read more]

Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell to 283.8 million barrels last week, the lowest level since October 1982, according to data from the Department of Energy. The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility. (Reporting by Anjana Anil in Bengaluru Editing by Nick Zieminski) [Read more]