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Oil prices rose after U.S. strikes on Iran's Qeshm Island, according to CNBC Top News reporting on November 3, 2026. The rebound came a day after the U.S. and Iranian presidents signalled they were open to a diplomatic solution to the Iran war. The reports did not give casualty figures or details of the strike's damage. The sources also did not state the size of the price move.
Sources:CNBC Top News