U.S. Energy Secretary Wright said the Strait of Hormuz remains a conflict zone, and crude is approaching $100/bbl.

FTSE China A50 index futures opened 0.34% higher.

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.