ParisRussia’s oil exports earned $21.2 billion in October, up 65%.

It is the highest monthly haul since May because the Iran war lifted prices, the International Energy Agency said.

Gulf exports, excluding Oman, stay 26% below prewar levels as attacks on Hormuz tankers continue, the agency said.

The agency says the market returns to surplus in the fourth quarter, its first since the war began.

Brent was $96.16 on Friday, and the agency calls attacks on shipping a key downside risk.

How each outlet framed it

drawn from 100+ reports worldwide

Bloomberg Business leans critical
The National
links the IEA's oil rebalancing to Gulf exports still 26% below prewar, with tanker attacks as the main downside risk

Sources: Bloomberg Business, The National