Energy Market Pressure: Oil, Diesel, and Food Supply Risks

An energy-market discussion assesses current oil trading, Middle East and Ukraine-related disruptions, and how fuel and fertilizer shortages may affect global food supplies. S&P Global's Dan Yergin joins to outline risks from diesel costs, El Niño, and supply-chain pressures.

■ Oil and refined fuel pricing
- Crude near $103 and Murban around $109 amid speculation about additional Russian supply
- Physical barrel costs and diesel shortages affecting shipping and food production

■ Middle East and geopolitical disruption
- Saudi FII conference rescheduling after attacks on civilian targets
- Houthi attacks, alleged Iranian support, and Gulf shipping risks
- Putin's proposed US-China trilateral meeting and Ukraine-related limits

■ Global food and fertilizer supply
- Fertilizer, sulfur, and diesel cost pressures for farmers
- El Niño weather and crop effects such as Indian sugar
- Potential multi-season food-supply disruption through 2027

Viewers seeking a concise overview of energy-market and food-supply risks will find context for monitoring oil, diesel, fertilizer, and geopolitical developments. The discussion does not provide trading recommendations.