- A Saudi-led coalition reportedly struck Houthi energy terminals and fuel reserves in Yemen, following a deadly Houthi attack on Riyadh's main airport.
- U.S. Central Command rejected claims by the commander of Iran's Islamic Revolutionary Guard Corps Navy that the Strait of Hormuz is under Iran's control and that approaching U.S. Navy warships would be sunk.
- Brent crude for December delivery gained 1.24% to $107.02 a barrel, and WTI for November advanced 1.18% to $95.25 a barrel.
- Paul Tudor Jones said on CNBC that oil can rally another $20 to $25 due to the Iran conflict and that he is long oil.
Quotes
“I am long oil... bullish oil...I think it can rally another $20 or $25 bucks”
“RGC's navy commander has no navy”