Oil markets pricing in return to U.S.-Iran hostilities after midterms

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Cornelia Meyer, CEO of Meyer Resources discusses the likelihood of a return to Iran hostilities after the U.S. midterm elections. She adds that diesel is becoming a major global pinch point with Saudi crude shipments to Europe halted for October, less feedstock reaching Asian refineries and limited Chinese product exports. She also flags inflation risks could plague agriculture due to disrupted nitrogen-fertilizer supplies.