The latest Market Talks covering Energy and Utilities were published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. Star Petroleum Refining may benefit from high gross refining margins and other tailwinds, says Yupapan Polpornprasert in a report. The Singapore GRM, a key benchmark, has been stronger than expected. Media reports that the Middle East conflict has kept 4.5 million barrels per day of refining capacity offline, roughly 5% of global capacity, supporting tight global refined product markets through year‑end. The Thai company’s major 1Q turnaround maintenance and plant upgrade has also led to operational improvements. The brokerage raises the stock’s target price to 12.50 baht from 8.50 baht with unchanged buy rating, and shares last closed at 10.70 baht.

Oil falls in the early Asian trade amid the ongoing pause in U.S.-Iran hostilities. John Oh of CBA notes the U.S. paused daily strikes on Iran for a third night and Iran refrained from retaliatory attacks. The resumption of oil exports from the Caspian Pipeline Consortium terminal added another point of relief for oil markets. Front‑month WTI crude oil futures are 0.6% lower at $82.08 a barrel.

Oil futures post sharp losses as the U.S. postpones planned attacks on Iran. Despite the virtual closure of the Strait of Hormuz and Houthi threats against Saudi ships in the Red Sea, market sentiment remains hopeful. Arlan Suderman of Stone X says investors want to believe peace is just around the corner. WTI settles 7.5% lower at $82.61 a barrel and Brent falls 8.7% to $88.36 a barrel.