QatarEnergy CEO said the company cannot supply long-term customers with LNG as a Strait of Hormuz backup under new procurement agreements, noting contracts are strictly point-to-point.

U.S. stocks opened lower: Dow -0.45%, S&P 500 -0.5%, Nasdaq -1.35%. Alphabet (GOOG.O) plunged 11.7% after Q3 revenue missed expectations and cash burn intensified, weighing on AI software names. Microsoft (MSFT.O) rose 0.5% after reporting cash flow well above forecasts and guiding to strong cloud growth. Samsung Electronics results pressured memory-related stocks; Micron Technology (MU.O) fell 1.8%.

The Fed's October interest-rate decision passed 10-2; two members dissented, both favoring a rate increase.