Oil prices swung on the announcement as markets weighed the truce against weekend Middle East escalation, and officials clarified the pact's scope was narrower

Fresh attacks on Saudi energy infrastructure and two more tankers near the Strait of Hormuz pushed crude to its highest in nearly two weeks.

Equity futures held steady ahead of a key earnings week as traders digested two-week-high oil and a proposed energy ceasefire.

European indexes advanced as retreating crude prices and bank-sector gains offset Gulf tensions.

The IEA is accelerating reserve releases to cool a tight diesel market while a federal watchdog warns US infrastructure is unprepared.

The agreement deepens an energy axis between two major regional producers amid Middle East supply disruption.

The release follows a G7 push to ease a tight global diesel market by drawing down strategic stockpiles.

Japan's trade minister called for stronger producer-consumer cooperation and larger Asian stockpiles as regional supply risks rise.

Saudi Arabia said its energy export capability remains intact even as it absorbs attacks on energy and aviation infrastructure.

The forecast hinges on Washington and Tehran staying distant on a potential agreement.

Attack risk near the Strait of Hormuz is feeding into European gas pricing.

LNG flows from Qatar continue to lag even as regional crude shipping recovers.

Record renewable generation was partly curtailed amid power availability shortages, highlighting grid and storage bottlenecks.

The revised forecast reflects persistent geopolitical supply risk in oil markets.

Thin storage and supply risk could drive a sharp seasonal increase in European gas prices.

Annual battery storage installations are expected to roughly double yearly as the renewables boom drives BESS investment.

Gulf of Mexico production outages are recovering after the hurricane, though a large share of output remained offline.

The reserve's depleted state raises questions about how much further it can be drawn down amid supply strains.