THE MEETING COLLAPSED AND SAUDI ARABIA HAS ABOUT A WEEK OF OIL LEFT

• Trump floated keeping Iran's oil. "We'll ultimately get out, unless we decide to stay and keep the oil, like Venezuela," the president told reporters on Sunday, also claiming Iran "wants to make a deal so bad" and was "calling constantly" 10RTN Trump floats Iranian oil takeover. Tehran has repeatedly dismissed those claims as fabrications 10RTN Trump floats Iranian oil takeover. He has floated versions of this before, including a June threat to seize Kharg Island, which handles about 90 percent of Iran's crude exports, and Iranian officials have called the idea delusional 10RTN Trump floats Iranian oil takeover. The Venezuela precedent he keeps citing is a deal handing a private venture concessions over 17 oil fields after US forces removed Nicolás Maduro in January 10RTN Trump floats Iranian oil takeover.

• Iran's nuclear chief was blocked from the IAEA conference. Mohammad Eslami, head of the Atomic Energy Organization of Iran, was denied entry to Austria after US pressure to refuse the sanctions waiver the UN had requested, Bloomberg reports 12JPO Iranian nuclear chief blocked from IAEA conference in Vienna following US pressure - report. He had been due to address the opening of the agency's General Conference in Vienna; a lower-level Iranian official may speak later in the week 12JPO Iranian nuclear chief blocked from IAEA conference in Vienna following US pressure - report. Energy Secretary Chris Wright is expected to tell the same conference that "Iran must fully cooperate with the IAEA, meet its safeguards obligations, and provide the access necessary for the agency to do its job" 12JPO Iranian nuclear chief blocked from IAEA conference in Vienna following US pressure - report. Excluding Tehran's most senior nuclear official from the room is an odd way to ask for more access.

• The two sides cannot even agree on what to negotiate about. US officials have privately told Gulf states that Washington wants any future talks refocused on Iran's nuclear programme rather than reopening Hormuz, CNN reports 13MHR US wants to resume talks on Iran's nuclear program. Iranian representatives have told the same regional players they will only discuss the nuclear file after Hormuz and the blockade are resolved 13MHR US wants to resume talks on Iran's nuclear program. Each side wants the other's priority treated as the concession.

• Syria is having its biggest protests since Assad fell, over fuel. Damascus raised diesel prices 40 percent at the weekend, and protesters burned tyres and blocked the Damascus-Aleppo highway, with some demanding the energy minister's dismissal 1JPO Syria rocked by largest protests since fall of Assad regime after fuel prices surge. Diesel has more than doubled since February and petrol is up about 86 percent 1JPO Syria rocked by largest protests since fall of Assad regime after fuel prices surge. Syria imports around 60,000 barrels a day of Russian crude, supply that has tightened as Ukrainian strikes cut Russian refining 1JPO Syria rocked by largest protests since fall of Assad regime after fuel prices surge. The UN Development Programme estimates 90 percent of Syrians now live below the poverty line 1JPO Syria rocked by largest protests since fall of Assad regime after fuel prices surge. "We don't want new roundabouts or malls. We just want to live," one protester said 1JPO Syria rocked by largest protests since fall of Assad regime after fuel prices surge. Relatedly, Trump used his Ireland visit to tell Zelensky to stop hitting Russian refineries: "He has to stop knocking out diesel fuel in Russia ... because he's causing a shortage of diesel" 17CNN Trump tells Ukraine to stop targeting Russia’s diesel fuel. Russia is the world's second-largest diesel exporter after the US 17CNN Trump tells Ukraine to stop targeting Russia’s diesel fuel, which is why a war in Ukraine is now showing up in Syrian taxi fares and American trucking costs.

• Iran says it has arrested 6,000 people over January's protests. Police chief Ahmadreza Radan said the detainees were involved in an attempted coup and helped hostile countries, and that "we will not release these people, except those who express regret and repent" 8AAM Iran police chief says 6,000 people arrested so far over January protests. The judiciary has seized 240 properties and frozen 182 bank accounts 8AAM Iran police chief says 6,000 people arrested so far over January protests. Iranian authorities put the January death toll at 3,117; rights groups say higher 8AAM Iran police chief says 6,000 people arrested so far over January protests. Those protests began over the collapsing rial. Fuel prices have since doubled for heavy users and drivers are striking again.

Markets have stopped treating this as a series of incidents and started pricing a structural shortage. Brent touched $108.50 on Monday, up more than 10 percent in a week 4GDN Oil prices soar above $108 as Houthis strike Saudi infrastructure. The Oil Volatility Index is near 61, up from 48 seven days ago.

What is falling tells you as much. Gold is down about 3 percent on the week and copper about 4 percent, which is not what a pure geopolitical panic looks like. Investors are pricing weaker growth and higher rates at once, and the Gold/Oil ratio has dropped to 42.9, the lowest of this war.

Bonds are where it bites. The US 10-year is at 4.95 percent, up almost a full point in a year 4GDN Oil prices soar above $108 as Houthis strike Saudi infrastructure, and UK 30-year yields hit their highest since March 1998 4GDN Oil prices soar above $108 as Houthis strike Saudi infrastructure. The Federal Reserve decides on Wednesday and the Bank of England on Thursday, with investors expecting a US increase and a UK hold 4GDN Oil prices soar above $108 as Houthis strike Saudi infrastructure. Tanker stocks are the one clear winner: Frontline is up about 8 percent on the week.

American households heating with oil are forecast to pay 31.3 percent more this winter, about $2,300 for the season, according to the National Energy Assistance Directors Association 9CNN Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices. Overall winter heating costs are set to rise 8.7 percent, more than double the rate of inflation, with electric heat up 9 percent and gas up 5.8 percent 9CNN Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices. Oil heat is only 4 percent of US households but is concentrated in New England and the Mid-Atlantic 9CNN Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices. NEADA has asked Congress for an extra $3 billion in low-income heating assistance 9CNN Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices.

Tommy Cole, a Marine Corps veteran in Massachusetts, is paying $5.56 a gallon for the delivery that runs his hot water, after a last winter that already required federal help: "I'm going to be watching the door like a hawk for the mailman to drop the application" 9CNN Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices.

In Britain, petrol hit 169.68p and diesel 191.68p on Monday, both new highs for this war 4GDN Oil prices soar above $108 as Houthis strike Saudi infrastructure. US pump prices are averaging around $4.32 a gallon.

There was also a rare human glimpse of the war on American television. The F-15E crewman shot down over Iran in April described free-falling with a damaged parachute, hitting the ground at 70 to 100mph with a broken back, shoulder and arm, and evading Iranian forces for 48 hours: "Never let a lack of motivation put you on Iranian TV" 16BBC US aviator shot down over Iran recalls 'free-falling' in first interview since rescue. More than 90 US personnel were on the ground inside Iran during the rescue, the first time in 46 years, and two aircraft worth about $100m each had to be destroyed after becoming stuck in sand 16BBC US aviator shot down over Iran recalls 'free-falling' in first interview since rescue. A $30m jet was brought down by a shoulder-fired missile costing around $100,000 16BBC US aviator shot down over Iran recalls 'free-falling' in first interview since rescue.