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Brent crude rose $2.38 to $107.15 a barrel, a 2.2% gain, after the US reportedly launched limited strikes on Iran's Qeshm Island late Monday. The live blog also covers Saudi Aramco reporting higher profits and the Australian central bank raising rates.
Renewed strikes near the Strait of Hormuz revive supply risk premia in crude, which feeds through to diesel, freight and fertiliser costs for feed producers.
theguardian.comJulia KolleweNov 3, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
