Countries' announcements of strategic petroleum reserve releases have not calmed the market, as Brent crude oil prices on the morning of 11/3 exceeded USD 100 per barrel.
South Korea, Hungary, and Croatia have capped domestic fuel prices, while Bangladesh closed schools and the Philippines reduced workdays for civil servants to conserve fuel.
US officials stated high mobility artillery rocket system (HIMARS) batteries launched ballistic missiles at Iranian warships, though specific targets were not identified.