According to CNBC, U.S. President Donald Trump said Thursday the United States will not attack Iran before the Midterm Elections and said the two sides were having "productive discussions." Kalshi traders priced in an 87% chance that average gasoline prices will stay above $4 per gallon heading into the November elections, while Brent crude futures rose 4% to above $104 a barrel and U.S. West Texas Intermediate futures gained 3.6% to settle at $91.49 per barrel. The U.S. Treasury Department also sanctioned more than a dozen vessels it said were tied to Iran's "shadow fleet" used to move oil and gas out of the country.

OpenAI told investors it reached about $50 billion in annualized revenue at the end of September, below the $68 billion figure widely reported last month, and shares of Nvidia, Oracle, CoreWeave and other artificial intelligence names fell. Separately, Vice President JD Vance suspended Microsoft, Adobe and six IT services firms from a program that helps skilled foreign workers get green cards. SpaceX agreed to buy a nationwide spectrum portfolio from Grain Management, a deal that still needs approval from the Federal Communications Commission. The article also said Indian billionaire Mukesh Ambani's Reliance Industries is investing in a U.S. oil refinery project proposed by Trump and has become the biggest buyer of Venezuelan crude outside the U.S.