OPEC+ HOLDS OUTPUT STEADY AS BRENT HITS HIGH

OPEC+'s seven core producers kept December output targets unchanged at roughly 31 million barrels per day, the same level held since September. The decision comes as the Strait of Hormuz remains effectively shut amid the US-Iran war that began in late February, with October logging at least 35 vessel attacks in the strait, the highest monthly rate of the conflict so far. Brent crude jumped 2.4% to $117.64 a barrel, a six-month high, as frozen supply policy meets a shipping lane under fire. $BNO