Brent crude rose toward $100 per barrel on Thursday, reversing losses from earlier in the session as investors weighed signs of rising Middle East energy flows against an ongoing impasse in US-Iran negotiations. Crude shipments from the region were approaching pre-war levels, with estimates indicating flows through the Strait of Hormuz reached 13.2 million barrels per day, while Saudi Arabia restored half the capacity of its East-West pipeline. However, markets remain cautious about the sustainability of the recovery without a lasting agreement to end the Iran war, with both Tehran and Washington claiming full control over Hormuz. Meanwhile, Iranian government spokesperson Fatemeh Mohajerani said Tehran had received a US proposal concerning the reopening of the strategic waterway. Elsewhere, OPEC+ is expected to leave November output quotas unchanged at its meeting this weekend.