Israel & American Petroleum Institute

Israel: Israel, in conjunction with the United States, launched strikes against Iran and is engaged in an intensifying military campaign against Hezbollah in Lebanon, contributing to regional instability and the ongoing conflict.

American Petroleum Institute: The American Petroleum Institute's chief economist noted that India's constrained LPG supply is adding pressure to an already tight United States — California gasoline market due to reduced alkylate exports.

Israel: Israel's involvement in the war with Iran contributed to the initial escalation of tensions and the subsequent rise in oil prices.

American Petroleum Institute: The American Petroleum Institute, through its spokesperson Bethany Williams, has stated that gasoline prices do not move in lockstep with crude oil, especially during global disruptions, and that the industry shares the goal of delivering relief at the pump.

American Petroleum Institute: The American Petroleum Institute reported that US crude oil inventories jumped for the third straight week.