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Iran has seized an unidentified foreign oil tanker reported carrying 11 million liters of “smuggled” fuel in the Persian Gulf

An expert gas commission in Germany has submitted a final proposal to the government, calling for a gas price cap at 12 euros cents per kilowatt hour

Oil prices dipped on Friday evening (Sept b30) in choppy trading but notched their first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5.

Brent crude futures rose 92 cents, or 1.1 per cent, to settle at $85.53 a barrel. The benchmark, which touched a three-year high of $86.10 on Thursday, was up one per cent in the week, its seventh weekly gain.