Germany's economy minister said German refineries are the most important asset for energy supply security.

Reuters, citing three industry sources, reported President Trump will direct some department heads to seek measures to control diesel prices, which are near record highs ahead of the Nov. 3 midterm elections. The directive could be issued as a presidential memorandum and would push officials to try to circumvent local and state rules that hinder energy production and to invoke the Defense Production Act to raise oil and fuel output.

The Washington Post reported a senior Trump administration official said time is on the administration's side on the timeline to blockade Iran and cripple its economy.