OPEC+ has agreed in principle to keep its December oil output targets unchanged, three people familiar with the matter told Reuters on Oct. 31, ahead of a Sunday online meeting of seven core members: Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman.
OPEC+ has agreed in principle to keep its December oil output targets unchanged, three people familiar with the matter told Reuters on Oct. 31, ahead of a Sunday online meeting of seven core members: Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman.
CNBC reported on Sat Oct 31, 8:47 AM CT, unconfirmed by other outlets so far: Qatari mediators held talks in Tehran aimed at restarting direct U.S.-Iran negotiations, source says.
The Trump administration has reportedly warned Gulf allies to prepare for short, intense US strikes on Iran as early as November 4, one day after the midterms, according to MS NOW.
It comes the same day a Houthi ballistic missile aimed at southern Saudi Arabia was intercepted and Iranian state media reported a fourth tanker hit by a mine in the Strait of
Pakistan's military says it is "cautiously optimistic" about mediating between the US and Iran, but warns of "powerful spoilers," after army chief Asim Munir's second trip to Tehran this month.
The Trump administration has awarded contracts for nearly 41 million barrels from the Strategic Petroleum Reserve, completing a massive oil exchange meant to curb energy prices after the war with Iran, per Bloomberg.
The tanker hit in the Strait of Hormuz on Thursday was the Panama-flagged Louise 1, and maritime security sources told Reuters it was struck with limpet mines, the first successful use of them since the US war with Iran began in February.
