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U.S. strategic petroleum reserves for the week ending October 2 were at their lowest level since the week ending October 15, 1982.

US memory chip stocks rallied, with SanDisk (SNDK.O) up 2.6%, Micron Technology (MU.O) up over 1%, Seagate Technology (STX.O) narrowing its losses to 0.5%, and Western Digital (WDC.O) and SK Hynix (SKHY.O) narrowing their losses to 1%.

The U.S. EIA crude oil inventories, Cushing crude oil inventories, and strategic petroleum reserve inventories for the week ending October 2 will be released in ten minutes.

Republican political strategist Adolf Franco stated that the United States should adopt a policy of "containment" towards Iran, rather than continuing to seek negotiations. Franco said, "This isn't about negotiations or concessions; we're talking about containment. In fact, it's no different from the North Korea issue; Iran must be contained." He explained that "containment" means applying both military and economic pressure simultaneously. He said, "We can't talk about negotiations; we should talk about mutual understanding and arrangements. That's the only way to deal with an unconventional country or regime." Franco also acknowledged that "Iran still possesses certain military capabilities, so the situation will remain complex." He further stated that any concessions made by Tehran must involve its nuclear program. Franco said, "Iran must be stripped of all the capabilities it uses for terrorism and external aggression. Continued economic pressure is certainly effective, and it will continue as long as this regime remains in power."

According to The Information: The former head of Tesla (TSLA.O) Optimus is starting a robotics startup that could raise around $100 million.

Amazon's (AMZN.O) Ring brand also announced the launch of five home security cameras.