October 31, 2026. Prices are Friday settlements. Source checks completed by 08:21 UTC.

Update, 16:05 UTC: Iranian negotiators are now in Doha, Reuters reports, but Foreign Minister Abbas Araghchi told Al Jazeera there are no plans to meet US officials for now. He said a new proposal cuts the timeline for reopening the strait to two days if Iran's terms are met, among them lifting sanctions imposed after the Islamabad memorandum, fewer US forces in the region, recognition of the shipping routes Iran discussed with Oman and the closure of other routes. Qatar had proposed five days, he said; the mediators' draft reported by Al Hadath said seven. Separately, India's shipping minister said the LNG carrier Al Mayeda was targeted in a projectile attack in the Gulf on Friday and all 25 crew are safe. It is not clear whether Al Mayeda is the vessel UKMTO logged south of Lavan Island.