The Novus Data Briefing
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US and China extend port-fee truce
Port fees, Brent, Los Angeles labor and the Rhine
Port strike deadline moves to midnight Friday
The Rhine gauge at Kaub has dropped below the lowest daily level in its reference series, a reminder that trade still moves on water.
Watchmen's deadline could halt Long Beach cargo
Port watchmen can strike at 5 p.m. Pacific on 4 November, Brent swings on Iran talks, and Maersk sends another service back through Suez.
Seven Hormuz incident notices in four days; OPEC+ holds output
Container rates fell 3%, US diesel rose again, and OPEC+ left December output unchanged.
Fed holds at 3.75% to 4.00% but two officials wanted another hike
Inflation is at 3.7% and fuel oil is up 74% on the year, and the Fed gave no signal about December.
US diesel holds above $6 as Hormuz stays shut and East Coast stocks run low
Ship counts in the strait are still near zero, and EIA expects thin diesel stocks all winter.
Gulf attacks spread past the strait
Gulf attacks move inside the strait, diesel turns up, and Suez comes back.