South Korea customs data showed imports rose 65.5% YoY in Oct 1-10. Preliminary trade balance for Oct 1-10 showed a $3.8 bln surplus.

On the evening of the 11th local time, Iranian Foreign Minister Araghchi spoke by phone with Saudi Foreign Minister Faisal about the regional situation. Araghchi expressed concern at rising tensions, warned that relying on military measures rather than political solutions would complicate the situation, said there is no military solution to the crisis, and offered Iran's full assistance to facilitate dialogue between Saudi Arabia and Yemen toward a political settlement.

Saudi Ministry of Energy said the 25th World Petroleum Congress will begin on Sunday in Riyadh.