Refinitiv cited sources saying an Indian oil company bought Iraqi crude for October loading at $28 per barrel below the Dubai benchmark.

Azerbaijan’s state oil company Socar will lower pump prices across its Italian stations, following a similar pledge from Eni and easing pressure on Prime Minister Meloni’s coalition, which had been considering a windfall tax on energy firms ahead of the next election. Foreign Minister Antonio Tajani said the move will be implemented nationwide and framed it as a voluntary contribution to help Italians, not a top-down mandate or a new tax; he had earlier urged Socar president Rovshan Najaf to act.

Rising oil prices, driven by unresolved U.S.-Iran tensions, have lifted market pricing for a November Bank of England rate increase. Brent crude futures rose as much as 2.3% to $106.7/bbl. LSEG data show the market now prices an 81% chance of a BoE rate hike at the November policy meeting, up from 62% a week earlier.