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Capitalist Insider: IEA dumps diesel barrels as oil slips on Hormuz risks

Exxon rakes in $4.5B refining windfall from Hormuz chaos

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The Capitalist
Oct 16, 2026
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Hello Capitalist Insiders!


  • IEA dumps diesel barrels as oil slips on Hormuz risks

  • Exxon rakes in $4.5B refining windfall from Hormuz chaos

  • Zuckerberg and Apple bury the hatchet for local open AI

  • Deutsche warns: don’t buy the AI dip as industries split

  • Saylor’s Strategy faces MSCI eviction and forced selling

  • US industrial production jumps at fastest pace in four years



IEA dumps diesel barrels as oil slips on Hormuz risks

The IEA agreed Thursday to speed remaining emergency stocks including more than 20 million barrels of diesel, while Friday oil prices fell about 1 percent as traders weighed the move against Strait of Hormuz threats.

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