Updated

Hurricane Isaias disrupted U.S. oil production in the Gulf of Mexico and threatened refinery operations, adding pressure to a fuel market already strained by disruptions linked to conflicts in Eastern Europe and the Middle East. The storm raises the risk of tighter fuel supplies and higher prices in the near term. Energy markets are watching the storm's path closely, as any extended disruption to Gulf production or refining capacity could compound existing supply pressures on gasoline and diesel markets.