Aramco set its November OSP for Arab Light to Northwest Europe at a $0.85/bbl premium to ICE Brent, and set its November OSP for US deliveries of Arab Light at a $4.60/bbl premium to Arab Light.

Elon Musk said SpaceX is a superintelligence (SI) company and that SpaceXAI will be renamed SpaceXSI.

On the 4th, Iran’s parliament speaker Ghalibaf said Washington has recently made proposals via intermediaries and is in a state of despair in the face of Iran’s firm stance. He said the era of imposing unilateral demands through a war of attrition is over. Iran’s position is clear: the Strait of Hormuz will not reopen until seven conditions set out in the Islamabad memorandum of understanding are satisfied. U.S. President Trump on the 2nd said the conflict with Iran would "end soon" and that Iran would "never have nuclear weapons."