MediaTek held a flagship launch today and unveiled the Dimensity 9600 Pro, announcing the chip will be manufactured on TSMC’s latest 2nm process.

U.S. crude futures settled at $101.39/bbl, up $1.34, or 1.34%.

ADNOC's trading arm bought tens of millions of barrels of discounted Iraqi crude from Iraq's state oil company amid supply disruptions from the war in Iran, sources said. Two Iraqi energy sources said ADNOC became the largest buyer of Iraqi crude in August and September, bolstering exports that were hit early in the conflict. One source said ADNOC bought 32 mln barrels in August at discounts of $24.90–$27/bbl and another 40 mln barrels in September, including 10 mln at a $18/bbl discount and 30 mln at $25/bbl. A second source said Iraq's state marketer SOMO allocated 32 mln barrels to ADNOC for August but export limits and Basra Oil Company supply shortfalls meant ADNOC actually loaded about 20 mln barrels; as of September ADNOC had shipped roughly 14 mln barrels.