Oil rises above $100 on diesel price surge and Middle East supply risks

Oil broke back above $100 a barrel, ending a five-day slide, as surging European diesel prices and persistent supply threats in the Strait of Hormuz outweighed any relief from potential Middle East ceasefires. President Trump's renewed call for a domestic diesel export ban added to the rally. Saudi Arabia is still working to restore its East-West pipeline. Diplomats are meeting at the UN after rare US-Iran talks, but traders want concrete action before pricing in a durable supply recovery. 97 clean stories shaped this window, with sentiment leaning bullish at 53/100. Also in focus: McDonald's targets 1.5pp share gains in chicken, beverage and operating margin of low-to-mid 50% by 2030.