Brent crude futures rose 0.78% to $92.20 a barrel, and WTI futures rose 0.57% to $86.53, recovering from a two-month low. According to Reuters, the quotes come against a backdrop of ongoing attacks on ships in the Strait of Hormuz, which is overriding market hopes for a truce with Iran. In October, 37 attacks were recorded in Egypt, the highest monthly amount since the conflict began.

Brent crude futures rose 0.78% to $92.20 a barrel, and WTI futures rose 0.57% to $86.53, recovering from a two-month low. According to Reuters, the quotes come against a backdrop of ongoing attacks on ships in the Strait of Hormuz, which is overriding market hopes for a truce with Iran. In October, 37 attacks were recorded in Egypt, the highest monthly amount since the conflict began.