Crude prices dropped to a one-week low on after reports that Saudi Arabia was moving oil through Oman, easing fears of supply disruptions in the Middle East.

Iran is under mounting military and economic pressure that could force the regime to escalate its conflict with the U.S. or eventually implode.

When Trump addressed the United Nations a year ago, he touted the US bombing of Iran’s nuclear sites just months earlier as "totally obliterating everything" and said he had brought peace between Israel and Iran.

China was by the far the largest importer of Russian fossil fuels in August, according to the Center for Research on Energy and Clean Air.

Vance warned Wednesday that a U.S. withdrawal from the Middle East would trigger a “worldwide energy crisis” as Iran continues targeting commercial shipping.

- The U.S. House of Representatives on Wednesday passed a sweeping sanctions and tariff ​bill intended to increase economic pressure on Russia over its invasion of Ukraine, sending the bill to President Donald Trump to sign into law .

US officials met representatives of Yemen's Houthis in Oman ‌over the weekend, five sources familiar with the matter said, days after the Iran-backed militia seized a strategic stretch of the Red Sea coast.

Democrats' measure passed with bipartisan support, though a presidential veto would be all but certain.

European militaries are increasingly exploring cheaper missiles and interceptors after conflicts in Ukraine and the Middle East exposed the limits of small inventories of high-end weapons.

U.S. diesel prices hit a record national average of $6.23 a gallon Monday, according to AAA, while regular gasoline averaged $4.32. Brent crude climbed as high as roughly $110 a barrel during the day.