NVIDIA (NVDA.O) intraday losses narrowed to within 4%.

Ukraine's General Staff said Ukrainian forces have struck five major Russian refineries since Oct. 30.

India's oil imports from the Persian Gulf via the Strait of Hormuz have, for the first time since the U.S.-Iran conflict, exceeded imports from Russia as tanker round trips resume and Hormuz flows rebuild. Commodity data firm Kpler says month-to-date deliveries to India via Hormuz have risen to about 2.1 mln b/d, above roughly 1.8 mln b/d of Russian oil imports. Flows to India through Hormuz plunged from a February average of 2.8 mln b/d to about 247,000 b/d in April. Combined exports from major Gulf producers—Saudi Arabia, the UAE, Iraq and Kuwait—reached about 15.53 mln b/d in October, roughly in line with levels at the start of the year.