The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

2008 ET - Oil rises in early Asian trade amid ongoing tensions in the Middle East that could sustain concerns over supply disruptions in the region. Attacks by Yemen's Houthi rebels damaged two airports in southern Saudi Arabia near the border with the war-torn nation, the kingdom said Tuesday. Also, "Iran's state news agency reported a blast heard from the sea at Qeshm Island, raising concerns of another flare up in the conflict with the U.S.," ANZ Research analysts say in a research report. Front-month WTI crude oil futures are 0.7% higher at $90.08 per barrel; front-month Brent crude oil futures are 0.8% higher at $101.34 a barrel. (ronnie.harui@wsj.com)

1732 ET - LGI's A$22 million purchase of two solar farms in eastern Australia's Queensland state should drive Ebitda growth this fiscal year, says Ord Minnett. The Brigalow and Chinchilla solar farms have a combined export capacity of 42 megawatts. Analyst Tim Elder expects the acquisition can be comfortably funded through cash and existing debt. "At current market prices, we forecast the assets will contribute Ebitda of A$1.6 million in FY27 and A$2.2 million in FY28," Ord Minnett says. This could rise to A$3.4 million in FY29 and FY30 as LGI captures forecast portfolio and revenue savings. "The acquisition strengthens LGI's medium-term growth outlook and broadens its electricity generation platform," says Ord Minnett, which rates LGI a buy. Its price target lifts 3.5% to A$4.45/share. LGI ended Tuesday at A$2.20. (david.winning@wsj.com; @dwinningWSJ)

1536 ET - Crude futures recover from early losses and settle fractionally higher with market optimism about increased shipments out of the Middle East tempered by continued conflict risk. Crude markets "recovered into the plus column but with upside still limited by the increased flow of tanker traffic through the Strait of Hormuz," Ritterbusch & Associates says in a note. Risk of renewed disruptions remain if Iran steps up attacks on vessels or the Houthis succeed in restricting crude movement through the East-West pipeline to the Red Sea, the firm adds. WTI settles up 1 cent at $89.44 a barrel and Brent edges up 0.3% to $100.58 a barrel. (anthony.harrup@wsj.com)

1519 ET - U.S. natural gas futures stretch gains to three sessions, supported by lower production, lingering cooling demand and LNG flows. Weather and LNG are the key demand factors, but "neither provides clear evidence of a new demand surge," Gelber & Associates says in a note. Colder conditions later in October could increase heating consumption, but if production recovers "November gas will have to rely more heavily on a sustained increase in demand to hold its advance above $3.10." Nymex gas for November delivery settles up 1.6% at $3.114/mmBtu.(anthony.harrup@wsj.com)

1450 ET - Gold futures snap a two-session losing streak as the U.S. dollar pulls back and yields ease. The outlook for gold remains fragile despite the recovery, Fawad Razaqzada of Forex.com says in a note. "While dovish Federal Reserve repricing and lower oil prices in the last couple of days has provided some support, the metal is still undermined by the elevated yields and the risk that oil prices may rebound and create fresh volatility for financial markets," he says. Uncertainty over the U.S.-Iran situation is a source of pressure, while central bank buying means downside is also limited, he adds. Front month gold settles up 0.7% in New York at $4,159.20 a troy ounce. Silver gains 0.5% to $61.168 a troy ounce. (anthony.harrup@wsj.com)

1242 ET - Gold futures attempt a recovery as the U.S. dollar eases from yesterday's 18-month high. "Softer oil prices today are adding a further tailwind for bullion," Kaynat Chainwala of Kotak Neo says in a note. Lower expectations for a Fed October interest-rate increase are also supportive, she adds. "Attention now turns to Wednesday's FOMC minutes, which should offer more clarity on how divided policymakers are over the path ahead." Gold for December delivery is up 0.8% in New York at $4,190.30 a troy ounce. Silver is up 0.5% at $61.63 a troy ounce. (anthony.harrup@wsj.com)

1121 ET - President Trump's executive order temporarily allowing the use of red-dyed tax-free diesel by truckers who would normally use a taxed product is seen as having a limited benefit for U.S. farmers struggling with rising input costs. Red-dyed diesel is already being used by farmers to power farm machinery like tractors and combines, so the savings really goes to farmers transporting their harvests via trucks. But there's a way for this to backfire on farmers, says Jim Wiesemeyer of Ag Bull in a note. "Opening those inventories to additional highway customers could also increase competition for supplies at rural distributors during harvest," he says. Corn rises 0.9%, soybeans are up 0.9%, and wheat climbs 0.3%. (kirk.maltais@wsj.com)

1106 ET - Large trucking operators probably won't take advantage of the federal tax deferral for on-road use of dyed diesel given the complications, GasBuddy's head of petroleum analysis Patrick De Haan says on X. "Interstate trucking means a patchwork of state rules and tax headaches, and most major truck stops don't sell dyed diesel," he says. For most diesel users the deferral of the 24.4 cents a gallon excise tax won't change much at the pump, he adds. "Big fleets will likely sit this out." (anthony.harrup@wsj.com)

1047 ET - U.S. diesel futures are lower after President Trump signed an order allowing temporary on-road use of dyed-red diesel with the corresponding federal excise tax deferred through the end of the year, and the deferred payment possibly later eliminated. "Red diesel" is untaxed for off-road use such as in farming and construction. The latest measure that seeks to reduce prices for truckers "appears to be adding to today's shift in diesel futures leadership back to the downside and away from the upside," Ritterbusch & Associates says in a note. But the measure "appears to be another band aid" as the diesel problem is driven mainly by disrupted supply through the Strait of Hormuz, the firm adds. Nymex diesel is off 2.6% at $4.4295 a gallon. (anthony.harrup@wsj.com)

1024 ET - U.S. natural gas futures are higher for a third straight session. "Nymex natural gas continues to find support from production weakness and searing late-season Western heat," Eli Rubin of EBW Analytics says in a note. Weather support may slip in the near term with the demand from cool Northeast weather and heat in the West set to fade, along with risk of a tropical storm developing in the Gulf, he adds. Natural gas for November delivery is up 1.9% at $3.124/mmBtu. (anthony.harrup@wsj.com)

0910 ET - Oil futures are lower for a third consecutive session with the market optimistic about the amounts of crude being shipped out of the Persian Gulf. Improving confidence in near-term supply suggests further declines are likely, but limited by continued geopolitical risk, BankPro CEO Paolo Broccardo says in a note. "Shipping through the Strait of Hormuz still faces constraints, while rising tensions in the Red Sea fuel concerns," he says. The stalemate in U.S.-Iran negotiations "also leaves no clear path towards a full normalization of regional traffic." WTI is down 2.4% at $87.26 a barrel and Brent is off 2.7% at $97.58 a barrel. (anthony.harrup@wsj.com)

0858 ET - Treasury yields slip as a global bond selloff eases amid a 3% decline in oil prices. Borrowing costs, however, remain close to recent highs, as markets worry about inflation, government spending and corporate borrowing. The U.S. trade deficit widens more than expected in August, to $105.6 billion. The Treasury is auctioning $58 billion in three-year notes and elevated yields are expected to ensure robust demand. The 10-year yield trades at 5.273%, down from yesterday's settlement of 5.310%, which was the highest since April 2002. The two-year falls to 4.785% from 4.831%.