CLSA says CNOOC Oilfield Services (02883.HK) posted steady Q3 results broadly in line with its full-year expectations and expects elevated oil prices to provide long-term support to the business. The company reported 9M net profit of RMB3.2 bln, about 70% of CLSA’s and the market’s full-year forecasts, slightly below the historical ~80% seasonality. CLSA maintains its H-share PT at HK$10.8 and its Outperform rating, and trims 2026–28 earnings forecasts by 4–6%.

Brazil small-cap index plunged 30%, the largest decline on record.

Iran’s deputy secretary of the Supreme National Security Council, Bagheri, said Iran geographically links Pakistan, Turkey and Saudi Arabia and therefore plays a central role in connecting those separated regions. He said Iran has been the only country to stand against what he described as the Zionist regime’s brutality and US aggression and to secure success. Bagheri added recent events have directly disproved the view that security can be guaranteed by engaging the Zionist regime, and that regional states are now seriously seeking to build lasting security and have reached a consensus that they “must seek lasting security from within the region.”