Oil Market Volatility: Middle East Supply, G7 Reserve Releases, and Geopolitical Risks

Oil markets experienced a volatile session, with WTI crude falling to slightly above $90 and Brent holding near $102. The discussion covers Middle East crude export flows, G7 emergency reserve releases, China's fuel export halt, and risks to supply from regional tensions.

■ Market and supply pressures
- WTI falls to just above $90; Brent remains near $102
- Middle East crude exports return to pre-war levels
- China halts fuel exports, tightening Asian supply

■ Policy responses
- G7 plans to release 100 million barrels of crude and diesel from strategic reserves
- Trump says the U.S. will not ban diesel exports ahead of November midterms

■ Geopolitical risks
- Tanker attacks in the Strait of Hormuz threaten regional oil flows
- Houthi strikes on Saudi Aramco sites and Yemen's military campaign

This overview is useful for viewers tracking oil market drivers, energy policy, and Middle East supply risks. It provides a concise summary of recent developments and key factors to monitor, without detailed forecasts.