Oil

1. OPEC+ agrees in principle to keep December oil output targets steady
   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.
   1h ago · Geopolitics · Brief
2. Trump on Iran: "There are talks."
   Same afternoon, Iranian reports say a fourth tanker accused of breaking IRGC rules blew up in the Strait of Hormuz, and Brent settled at $117.64.
   1d ago · Geopolitics
3. Pakistan's military says it is "cautiously optimistic" about mediating between the US and Iran
   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.
   1d ago · Geopolitics
4. Vessel struck by unknown projectile 40 nautical miles south of Iran's Lavan Island, UKMTO says
   A vessel was struck by an unknown projectile 40 nautical miles south of Iran's Lavan Island, the UK maritime agency UKMTO said.
   1d ago · Geopolitics
5. A US Treasury report says the American blockade and sanctions are crippling Iran's economy, Axios reports
   It fits what officials told Axios this morning: the push on Iran is economic pressure for now, with strikes floated for after the midterms.
   1d ago · Geopolitics
6. Brent crude settled at $117.64 a barrel, up $2.76 or 2.4%
   Brent crude settled at $117.64 a barrel, up $2.76 or 2.4%, while the Nasdaq 100 tracker QQQ sank 4.3% on the day.
   1d ago · Markets
7. The Trump administration has awarded contracts for nearly 41M barrels from the Strategic Petroleum Reserve
   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.
   1d ago · Geopolitics
8. Russia now plans to keep its ban on most diesel exports through January 2027, Bloomberg reports
   Russia now plans to keep its ban on most diesel exports through January 2027, a month longer than sources flagged yesterday, while still letting some cargoes flow under an arrangement between Putin and Trump, Bloomberg reports.
   1d ago · Geopolitics
9. U.S. officials say 20+ person Iran meeting focused on a blockade and economic pressure, not strikes
   US officials say yesterday's 20+ person Iran meeting focused on a blockade and economic pressure, not strikes, Axios' Barak Ravid reports.
   1d ago · Geopolitics