Europe's Diesel Shock Meets a Midterm Wildcard in Washington

European diesel prices are hitting records as geopolitics, from Iran to Russian and Chinese export bans, outweighs recovering crude supply. Marco Saggese, StoneX VP of Clearing & Execution Sales, explains why Washington and the U.S. midterm elections now matter as much to Europe's diesel market as refinery supply. The International Energy Agency is releasing more than 20 million barrels of diesel from emergency stocks, short of the 50 million the market expected, and prices rose in response. Russia's diesel export ban is due to expire, markets are watching the U.S. midterm elections for signals on Iran, and Strait of Hormuz flows matter as winter heating oil demand builds. Discover Actionable Energy Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_marco_saggese&utm_content=share 00:00 - Europe's Diesel Shock Deepens 00:52 - Europe's Diesel Stays Tight 01:39 - IEA's 20M Barrels Fall Short 02:36 - U.S. Politics Steers Diesel 03:23 - Midterms, the Market Wildcard 05:07 - Russia's Diesel Ban Runs Out Like and subscribe for more financial market insights. #Diesel #StoneX #MarcoSaggese #EnergyCrisis --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social