LESG data on Wednesday showed Asian 10 ppm sulfur diesel refining margins stood at just above $88/bbl, a record high versus roughly $22/bbl pre-war. Margins had previously peaked at $85.6/bbl in late March. The near-month contract time spread was just above $11/bbl, near a five-month high.

Market analyst Krishna Kumar says markets have largely priced in a 25 bps Fed hike and dollar upside is limited unless the Fed signals a more hawkish stance. The probability of a September hike has risen to 92%; markets even price three hikes before next March, but much of the recent rise in tightening odds stems from the oil-price spike. The Fed is likely to deliver the scheduled hike to defend anti-inflation credibility, but may avoid explicit forward guidance and is unlikely to validate markets' aggressive pricing of further hikes. Recent remarks from Waller and Williams likewise suggest that, amid high oil-price uncertainty, the Fed may be reluctant to commit to additional tightening. Meanwhile, hawkish shifts at other major central banks could cap dollar gains.

据沙特阿拉比亚电视台：海湾合作委员会秘书长表示，胡塞武装针对麦加的袭击行为是恐怖主义行为，也是对穆斯林情感的挑衅。