Qatar said it is working to broker an agreement between Iran and the United States, TASNIM News reported.

Indian refiners are seeking crude for November delivery. After the US last week signed a broad sanctions bill into law, the threat of new punitive tariffs has increased, which could prompt Indian refiners to reduce purchases of Russian crude. India, the world’s third-largest crude buyer, has in recent months imported more than half its crude from Russia to offset high oil prices and ongoing Middle East supply disruptions. Sources say major Indian refiners have begun actively seeking alternative suppliers over the past few days.

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