- Oil prices could rally further if there's any response by Israel to Iran's October 1 missile attack that targets Oil-related infrastructure. Further retaliation by Iran based on a blockade of the Strait of Hormuz could raise the price of crude to north of $100 a barrel, Bloomberg Intelligence reports.
- A spillover effect is taking place in petrol prices as Israel ponders a hit on Iranian Oil fields, Financial Review reports.
- US President Joe Biden said on Thursday that he was still discussing possible Israeli strikes on Iranian Oil facilities. The President refused to comment on whether he agrees with the path forward that Israel is asking, according to BBC.
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