MIZUHO raises Intel (INTC.O) PT to $114 from $92.

Kpler data show average crude transits through the Strait of Hormuz were 10.3 mln bpd over the past seven days, about 76% of the pre-war baseline. Refined product flows (gasoline and diesel) totaled only 1.3 mln bpd, roughly 11% of shipments versus >20% pre-war, signalling sustained diesel tightness. Sources say U.S. oil industry executives have urged the U.S. Navy to prioritise escorting product tankers carrying diesel over crude tankers because crude prices are roughly half those of diesel. So far most U.S.-escorted vessels have been VLCCs (~2 mln-barrel capacity), about double the capacity of the largest product tankers.

GasBuddy analyst Patrick DeHaan said President Trump's executive order easing limits on dyed diesel is unlikely to materially reduce diesel prices across most U.S. regions. Most states still ban dyed diesel for highway use, the move appears to defer rather than waive federal fuel taxes, and it does not increase physical diesel supply. Diesel futures and refinery crack spreads should remain driven by Middle East crude flows, low inventories and emergency stock releases rather than this tax change. A few states that shift to dyed diesel could tighten non‑road fuel availability during harvest and raise local prices, while potential deferred tax bills may deter fleets from switching and limit demand transfer. A full federal diesel tax suspension would require congressional approval and, even if passed, would likely have only limited nationwide impact.