Updated

Oil prices fell after a report indicated Asia is on track to import its highest volume of crude since the start of the U.S.-Iran conflict, easing supply concerns. Separately, a restart of a Saudi pipeline failed to fully resolve market tightness, while the oil industry warned that a potential U.S. diesel export ban being weighed by the Trump administration could initially ease domestic fuel prices but would ultimately push them higher as refiners cut production. Together these developments highlight competing pressures on crude and refined product markets, with geopolitical supply risk, Asian demand growth, and U.S. policy considerations all influencing prices.