U.S. and Brent crude each rose $0.80 intraday to $100.28/bbl and $110.37/bbl, respectively.

The Kremlin said on Oct. 27 that President Putin met Iranian President Pezeshkian in Moscow during the Gas Exporting Countries Forum summit. They discussed the Middle East and said they hope the situation moves in a positive direction. Putin noted Russia-Iran trade rose 10.4% in the first eight months of the year and that construction of the Bushehr nuclear power plant continues. This was their third meeting this year.

France’s army minister said switching from the abandoned European FCAS fighter project to a national independent program would have a "negligible" financial impact.