️🇺🇸🇨🇳🇮🇷🇷🇺🇸🇦 Reuters: Oil prices surged more than $4 a barrel as the US announced a third aircraft carrier and up to 10,000 more troops to the Middle East, while Chinese fireworks fear fuel consumption and Hong Kong fuel shortages and Macau.

️🇺🇸🇨🇳🇮🇷🇷🇺🇸🇦 Reuters: Oil prices surged more than $4 a barrel as the US announced a third aircraft carrier and up to 10,000 more troops to the Middle East, while Chinese fireworks fear fuel consumption and Hong Kong fuel shortages and Macau.

President Donald Trump said he was considering options regarding Iran after the midterm elections and the export ban was added to the already tight diesel supply following Russia's ban on diesel exports and President Vladimir Putin's refusal to sell diesel until sanctions are lifted.

The Brent contract for December amounted to $102.31 per barrel, an increase of 4.37%, analysts raised the Brent forecast for 2026 to $89.05 per barrel, and three Liberian-flagged tankers were damaged in the Strait of Hormuz.