Oil Prices Rise Above $70 on Iran Strike

Live updates

1. 3d ago

   Trump Rejects Iran Strait Roadmap as Global Energy Strains Grow

   President Donald Trump has rejected Iran's proposal for a seven-day roadmap to reopen the Strait of Hormuz, ending the war, and resuming nuclear talks. Speaking outside the White House, Trump stated that the U.S. has established a military blockade and that 29 ships crossed the strait the previous night. The rejection follows indirect negotiations in New York where Qatar passed messages between U.S. and Iranian representatives. Meanwhile, North Carolina regulators rejected a $500 million Duke Energy gas plant due to unresolved ratepayer costs, and India opened banks on a Sunday ahead of a three-day strike.

   Why it matters

   The standoff over the Strait of Hormuz directly impacts global petroleum markets, where Brent crude has climbed above $106 per barrel and U.S. WTI has risen past $94 per barrel. Previous reporting indicates these rising energy costs are feeding into a higher-for-longer interest rate outlook from global central banks, even as 30-year Treasury yields reach a 20-year high of 5.44 percent. Regional energy developments continue alongside the geopolitical blockade, including ExxonMobil partnering with SOCAR to explore shale in Azerbaijan.

   What is confirmed

   • Donald Trump stated he rejects Iran's proposal of a seven-day roadmap to end the war, reopen the Strait of Hormuz, and resume nuclear talks.
   • Trump stated that 29 ships crossed the Strait of Hormuz the night prior to his remarks.
   • North Carolina regulators rejected Duke Energy's $500 million gas plant intended to power an Amazon data center.
   • Banks across India remained open on Sunday ahead of a three-day nationwide strike scheduled from September 28 to 30.

   Still unconfirmed

   • Iran claimed it had put forward a plan to the U.S. to reopen the Strait of Hormuz within seven days through Qatari intermediaries at the United Nations General Assembly.

   What to watch next

   • Whether the U.S. military blockade of the Strait of Hormuz alters shipping traffic volume.
   • The outcome of India's nationwide bank strike running from September 28 to 30.
   • Any formal response from Iranian officials regarding President Trump's rejection of their roadmap.
   Sources used for this update (7)

   1. oilprice.com — North Carolina Regulators Reject Duke Energy Gas Power Plant
   2. jen.jiji.com — Trump rejects Iran's proposal to reopen Strait of Hormuz within 7 days
   3. www.briefs.co — What the 1970s Really Taught Investors About Inflation
   4. www.babushahi.com — "First time in India's history": Nationwide Sunday bank openings help customers clear transactions ahead of 3-day closure
   5. www.babushahi.com — Good news for prepaid users: Raghav Chadha says 30-day recharge plans now available; Watch Video
   6. jen.jiji.com — Ayanat Zhumagali wins 2026 Asian Games weightlifting silver
   7. www.briefs.co — ExxonMobil teams up with SOCAR to bring U.S.-style fracking to Azerbaijan
   confidence 90%
2. 5d ago

   Brent Crude Surpasses $106 as US and Iran Negotiate in New York

   Brent crude oil climbed above $106 per barrel and US WTI oil rose above $94 per barrel, contributing to a higher-for-longer interest rate outlook from global central banks. Despite rising energy costs and 30-year Treasury yields hitting a 20-year high of 5.44 percent, equity markets finished the week with gains. US and Iranian representatives are currently in New York negotiating a phased plan that includes Iran reopening the Strait of Hormuz. Meanwhile, India intends to continue exporting diesel despite threats of a US ban.

   Why it matters

   Energy price volatility is driving bond market instability and influencing central bank policy. The diplomatic negotiations occur during the 81st session of the UN General Assembly. India is managing internal energy pressure by considering mandatory imported coal blending due to logistics issues.

   What is confirmed

   • Brent crude oil traded above $106 per barrel.
   • US WTI oil traded above $94 per barrel.
   • 30-year Treasuries reached a 20-year high of 5.44 percent.
   • The Nasdaq finished the week up more than 1.5 percent.
   • US and Iranian representatives are negotiating a phased plan in New York.

   Still unconfirmed

   • India may mandate 5% imported coal blending at power plants.
   • Diesel fuel broke $6.50 per gallon.
   • Ten-year Treasury yields registered 5.23 percent.

   What to watch next

   • Outcome of the phased plan negotiations between the US and Iran regarding the Strait of Hormuz
   • Official confirmation of India's mandatory coal blending policy
   • Fed announcements regarding October rate hike odds
   Sources used for this update (6)

   1. finance.biggo.com — US-Iran Talks Show Signs of Progress, Oil Prices Surge; Fed Officials Strike Hawkish Tone, Lifting October Rate Hike Odds
   2. oilprice.com — India Weighs Mandatory Imported Coal Blending as Plant Stocks Crumble
   3. hdfcsky.com — India VIX Falls 4.18% to 12.13 as Crude Cools and US-Iran Tensions Ease
   4. www.berkshireeagle.com — Bonds are breaking bad but equities shrug it off
   5. www.iberkshires.com — @theMarket: Bonds are breaking bad but equit
   6. oilprice.com — India Says It Will Keep Exporting Diesel
   confidence 85%
3. 6d ago

   Asian Shares Extend Winning Streak as Tech Stocks Lead on AI Optimism

   Asian shares extended their winning streak to a sixth session, driven by renewed optimism over artificial intelligence demand that pushed technology stocks higher. Meanwhile, precious metals saw declines as spot gold slipped 0.2 percent, alongside drops in silver, platinum, and palladium. In diplomatic developments, a former United States official stated that Chinese leader Xi Jinping has succeeded in positioning Beijing as the new center of gravity in diplomacy as Donald Trump faces a diplomatic test at a summit with Xi.

   Why it matters

   Financial markets continue to react to shifting technology sector momentum and broader diplomatic positioning between major global powers. The steady climb in Asian equities reflects sustained investor confidence in artificial intelligence applications. At the same time, diplomatic engagements test international alliances and strategic influence.

   What is confirmed

   • Asian shares extended their winning streak to a sixth session on renewed optimism over artificial intelligence demand.
   • Spot gold slipped 0.2% while silver, platinum, and palladium also declined.
   • A former U.S. official stated that Xi has succeeded in positioning Beijing as the new center of gravity in diplomacy.

   What to watch next

   • Further market reactions to artificial intelligence demand in Asian trading sessions
   • Outcomes and formal announcements from the Trump and Xi summit
   Sources used for this update (2)

   1. timesofindia.indiatimes.com — Gold Silver Rate Today Live Updates: Spot gold slips 0.2%; silver, platinum and palladium also decline
   2. www.newsweek.com — Trump Faces Biggest TACO Test Yet at Xi Summit
   confidence 100%
4. 8d ago

   Hurricane Polo Intensifies to Category 4 Off Mexico Coast

   Hurricane Polo has reached Category 4 strength with maximum sustained winds of 150 mph and is forecast to approach Category 5 strength. The US National Hurricane Center reports the storm is located south of Zihuatanejo and southeast of Manzanillo, Mexico, moving east-southeast at 9 km/h. A Tropical Storm Watch is active from Tecpan de Galeana to Manzanillo, with expected rainfall between 4 and 8 inches. The storm is projected to turn northwest and west-northwest on Tuesday and Wednesday, remaining largely offshore.

   Why it matters

   Rapid intensification of hurricanes increases the risk of severe coastal flooding and wind damage. The storm's projected path near southwestern Mexico puts several port cities and coastal communities under alert.

   What is confirmed

   • Hurricane Polo has maximum sustained winds of 150 mph.
   • The US National Hurricane Center placed Polo 345 km south of Zihuatanejo and 555 km southeast of Manzanillo as of 9:00 UTC Tuesday.
   • A Tropical Storm Watch is in effect from Tecpan de Galeana to Manzanillo.

   What to watch next

   • The Cabinet decision on the Thais Help Thais Plus extension on September 22
   • The official cause of the car wash fire in Semey
   • Polo's transition to Category 5 strength
   Sources used for this update (6)

   1. jen.jiji.com — Cabinet to review Thais Help Thais Plus extension on September 22 as spending hits 161.56bn baht
   2. jen.jiji.com — Rome, injury for Wesley, misses the National team: what happened
   3. jen.jiji.com — Gas tank explodes at Semey car wash, fire spreads to nearby homes
   4. www.babushahi.com — Trident Group partners with Panjab University for national-level HACKATHON "DECARBONIX 1.0"
   5. jen.jiji.com — Hurricane Polo rapidly intensifies toward Category 5 strength off Mexico
   6. en.sedaily.com — Memory Chip Exports Surge 351% as KOSPI Reclaims 7,000
   confidence 100%
5. 11d ago

   Warren Buffett Steps Down From Berkshire Hathaway After Six Decades

   Warren Buffett ended more than six decades of leadership at Berkshire Hathaway by stepping down as chairman on September 18, 2026. His son, Howard Graham Buffett, succeeds him on the board while Warren Buffett assumes the role of chairman emeritus and remains a director. The transition follows Warren Buffett handing the chief executive role to Greg Abel about nine months prior. Elsewhere, severe weather prompted flood alerts across eight districts in Phetchabun, Thailand, as the Pa Sak River rose significantly following heavy overnight rainfall.

   Why it matters

   The departure of Warren Buffett marks a significant leadership transition for the massive American conglomerate he built over sixty years. Berkshire Hathaway confirmed that the senior Buffett will continue contributing his perspective as a director alongside his new honorary title. Meanwhile, heavy seasonal rains in Thailand triggered emergency flood responses, requiring local municipalities to warn residents and move vulnerable populations to safety.

   What is confirmed

   • Warren Buffett stepped down as Berkshire Hathaway chairman on September 18, 2026, after more than six decades of leadership.
   • Howard Graham Buffett succeeded Warren Buffett as chairman of Berkshire Hathaway.
   • Warren Buffett became chairman emeritus and remains a director on the Berkshire board.
   • Howard Buffett has served on the Berkshire board since 1993.
   • Warren Buffett handed the chief executive role to Greg Abel about nine months prior to his departure.
   • Lom Sak Municipality raised a red flag flood warning on September 19, 2026, after the Pa Sak River reached 8.47 metres.
   • The Department of Disaster Prevention and Mitigation issued mobile alerts covering eight districts in Phetchabun.

   Still unconfirmed

   • An Iranian woman sentenced to death over January anti-government protests is struggling to walk and has been denied hospital treatment despite a prison doctor requesting an urgent MRI.
   • Military expert Andrey Marochko suggested that Nadiya will soon come under the control of the Russian military following advances from Dobropolye.

   What to watch next

   • Any operational shifts in Berkshire Hathaway strategy under the leadership of Howard Buffett and CEO Greg Abel
   • Flood progression and water level measurements across monitoring stations along the Pa Sak River in Thailand
   • Developments in the reported negotiations between Russian and American officials regarding Ukraine
   Sources used for this update (5)

   1. www.iranintl.com — Death-row Iran protester denied hospital treatment, family says
   2. jen.jiji.com — Buffett steps down as Berkshire chair on September 18 after over 60 years at the helm
   3. tass.com — Lavrov-Rubio meeting in New York being arranged, Russian diplomat says
   4. tass.com — Russian forces advance on Nadiya from DPR’s Dobropolye, expert says
   5. jen.jiji.com — Lom Sak raises red flag as Pa Sak hits 8.47m on September 19
   confidence 100%
6. 12d ago

   Asian Markets Rally as Oil Prices Fall

   Asian markets rallied on falling oil prices while major U.S. index futures pointed to a sharply higher open on Thursday following a previous session of pressure. In the broader energy sector, Russian seaborne oil product exports jumped 16.4% in August from July after refineries returned from unplanned maintenance, though these shipments remained down 50% from August 2025 levels. Meanwhile, the ongoing geopolitical conflict involving Russia saw strikes hit Zaporizhzhia, Odesa, and Kyiv, with President Zelensky reporting that Moscow launched over 3,500 drones during the month.

   Why it matters

   Global markets and energy flows remain sensitive to ongoing military conflicts and supply adjustments. Russian fuel exports are recovering from refinery maintenance but stay well below previous year figures, while continuous drone attacks in Ukraine highlight sustained regional instability.

   What is confirmed

   • Russia's seaborne oil product exports jumped 16.4% in August from July as several refineries returned from unplanned maintenance.
   • Russian fuel exports in August were down 50% from August 2025 levels.
   • President Zelensky stated that Moscow has launched over 3,500 drones this month.

   Still unconfirmed

   • Asian markets rally on falling oil and Vietnam braces for an FTSE upgrade.

   What to watch next

   • Further movements in crude oil prices and treasury yields affecting U.S. stock openings
   • Developments regarding the undated peace talks involving Russia and Ukraine
   Sources used for this update (6)

   1. www.rttnews.com — U.S. Stocks May See Initial Strength On Lower Crude Oil Prices, Treasury Yields
   2. www.hngn.com — Russia Escalates Drone Strikes as Zelensky Cites 3,500 in September
   3. oilprice.com — What Yemen Really Means to the U.S.-Iran War
   4. malaysia.news.yahoo.com — Banton shows his worth as England cruise to series victory against Sri Lanka
   5. timesofindia.indiatimes.com — Stock Market Live Updates Today: Asian markets rally on falling oil, Vietnam braces for FTSE upgrade
   6. oilprice.com — Russian Fuel Exports Rebound in August But Still Down 50% From Last Year
   confidence 90%
7. 13d ago

   House Votes to End Iran War as Oil Tops $105

   Crude oil prices stay above $105 while European gas prices hold over 80 euros per MWh amid ongoing Middle East supply risks. Households face a $1,760 hit from higher energy expenses, rising rates, and military spending. Meanwhile, the U.S. House of Representatives voted for a third time to end the war in Iran by approving a war powers resolution to halt President Donald Trump's ability to continue the conflict. Wall Street held steady ahead of a Federal Reserve decision as the S&P 500 rose 0.3% on Wednesday.

   Why it matters

   The conflict in Iran and related Middle East supply disruptions continue to strain global energy markets, driving up crude oil and European gas prices ahead of winter. These elevated energy costs, combined with military spending and higher yields, weigh directly on household finances. Simultaneously, legislative friction persists as the U.S. House acts repeatedly to limit executive war powers.

   What is confirmed

   • Oil tops $105 and 10-year yields surge, contributing to a $1,760 household financial hit.
   • European gas prices held above 80 euros per MWh due to low storage and Middle East supply risks.
   • The U.S. House voted for a third time to end the war in Iran, approving a war powers resolution to halt President Donald Trump's authority.
   • Wall Street held steady while the S&P 500 rose 0.3% ahead of the Federal Reserve's decision.

   Still unconfirmed

   • TTF gas reached $92.95 as Gulf tensions weighed on energy markets.

   What to watch next

   • The Federal Reserve's official decision on interest rates.
   • Further legislative action by the Senate regarding the House war powers resolution.
   • Developments in Middle East energy infrastructure and supply recovery.
   Sources used for this update (6)

   1. www.briefs.co — Oil Spike, Yield Surge: Why Your Wallet Feels Thinner
   2. oilprice.com — TTF Gas Hits $92.95 as Gulf Tensions Weigh on Energy Markets
   3. www.quiverquant.com — Quiver News
   4. wtop.com — The Latest: House votes for a third time to end the Iran war as conflict drags on
   5. www.union-bulletin.com — Wall Street holds steady ahead of the Fed's decision as oil prices and bond yields ease
   6. jen.jiji.com — Cabinet approves THB15.5 billion disaster insurance plan for 30 million homes
   confidence 90%
8. 14d ago

   WTI Defends $100 Floor as Saudi Pipeline Remains Offline

   Crude oil markets defend the $100 per floor as West Texas Intermediate jumps to $104.43 and Brent hits $107.90 following the shutdown of Saudi Arabia's Petroline infrastructure. Saudi Arabia canceled European cargoes with four million barrels a day at risk. Meanwhile, US Energy Secretary Chris Wright stated Tuesday that the East-West oil pipeline could be back in service within days. Oil ETFs are up 113% over 52 weeks, driven by backwardation and supply fears linked to Houthi territorial gains near maritime bottlenecks.

   Why it matters

   Global energy markets remain under severe strain due to the combined impact of targeted drone strikes on Saudi pipeline infrastructure and insurgent seizures of Bab el-Mandeb islands. Alternative export routes and regional inventories face intense pressure as stalled regional diplomatic talks compound logistical bottlenecks. The ongoing disruptions threaten international supply chains and drive extreme volatility across oil derivatives.

   What is confirmed

   • WTI jumped 3.00% to $104.43 and Brent hit $107.90 as Saudi Arabia canceled European cargoes with 4M barrels a day at risk.
   • Saudi Arabia's East-West oil pipeline could be back in service within days, U.S. Energy Secretary Chris Wright said Tuesday.

   Still unconfirmed

   • Oil ETFs like USO are up 113% in 52 weeks after Brent hit US$121.25 after Petroline shut.

   What to watch next

   • Re-opening of the Saudi East-West oil pipeline within the projected timeframe
   • Developments regarding Houthi control and shipping security around the Bab el-Mandeb islands
   • Shifts in oil ETF valuations and backwardation patterns amid ceasefire negotiations
   Sources used for this update (6)

   1. www.tradingnews.com — EUR/USD (1.1536) Sits on 50% Fibonacci After Eurozone ZEW Plunges to 25.8 — Downside Opens 1.1430 Below 1.1491
   2. www.tradingnews.com — WTI ($104) Defends $100 Floor as Houthis Seize Bab el-Mandeb Islands
   3. oilprice.com — US Energy Secretary: Saudi Pipeline Could Be Back in Service Within Days
   4. discoveryalert.com — Oil ETFs Surge as Drone Strikes Force Petroline Offline
   5. jen.jiji.com — Roggero case, hearing begins. Jeweler in court: "Every life deserves respect, I should have been less impulsive"
   6. jen.jiji.com — Former Ilva, government-unions meeting. Mantovano: "We will bring a decree with measures for workers to today's Council of Ministers"
   confidence 90%
9. 15d ago

   Oil Prices Remain High Following Saudi Pipeline Shutdown and Hormuz Tensions

   Crude oil prices remain elevated above $100 per barrel as global energy markets react to the continued closure of Saudi Arabia's East-West pipeline and ongoing disruptions in the Middle East. While US-backed shipping through the Strait of Hormuz shows signs of recovery, alternative export routes and regional oil inventories face intense pressure. The disruption follows coordinated drone strikes that targeted pipeline infrastructure in the Medina and Riyadh regions, compounding logistical strain caused by Houthi territorial gains near maritime bottlenecks and stalled regional diplomatic talks.

   Why it matters

   The spike in petroleum costs stems from vulnerability in key export corridors during the ongoing US-Iran conflict. Saudi Arabia shut its vital crude pipeline following attacks on the morning of September 10, 2026, which severed a major transit route designed to bypass the Strait of Hormuz. Stalled regional talks, including Bahrain declining to join discussions in Oman, leave global energy supplies heavily exposed to localized conflict.

   What is confirmed

   • Brent crude oil remains above $104 per barrel following drone strikes that forced Saudi Arabia to close its East-West pipeline.
   • The Saudi Ministry of Energy reported multiple attacks targeting the pipeline in the Medina and Riyadh regions on the morning of September 10, 2026.
   • US-backed shipping through the Strait of Hormuz is recovering.

   Still unconfirmed

   • Iran's president offered to reopen the Strait of Hormuz if the United States lifts its blockade.
   • Bahrain refused to join Monday talks in Oman.
   • The US Navy admitted base damage.

   What to watch next

   • Developments regarding potential reopening of the Strait of Hormuz following Iranian terms
   • Updates on repairs to Saudi Arabia's East-West pipeline
   • Outcomes of regional diplomatic talks regarding Middle East security
   Sources used for this update (8)

   1. jen.jiji.com — US Open, today Shelton-Zverev final: schedule, head-to-head, and where to watch it
   2. www.hngn.com — Iran Offers Hormuz Reopening for Blockade End as Bahrain Snubs Talks
   3. jen.jiji.com — Madrid GP, Antonelli triumphs and is increasingly the World leader: race results and drivers' standings
   4. uk.finance.yahoo.com — Oil Jumps as Shutdown of Saudi Pipeline Deepens Energy Crisis
   5. jen.jiji.com — Thai House speaker ‘100% confident’ after September 13 ceiling collapse
   6. www.outlookindia.com — Hormuz Shipping Recovers, But Middle East Oil Export Constraints Persist
   7. www.channel3000.com — US rail fuel surcharges on grain hit record highs, squeezing farmers in harvest season
   8. oilprice.com — Oil Prices Rise on Saudi Pipeline Outage and Rising Red Sea Risks
   confidence 90%
10. 18d ago

    Saudi Arabia Closes East-West Pipeline After Multiple Attacks

    Brent crude oil has topped $104 per barrel following drone strikes that forced Saudi Arabia to close its East-West pipeline. The Saudi Ministry of Energy reported the pipeline in the Medina and Riyadh regions was the target of multiple attacks on the morning of September 10, 2026. The attacks caused several injuries. This infrastructure shutdown coincides with the Houthi movement seizing Mayun Island and ongoing shipping risks near the Red Sea and the Strait of Hormuz, further destabilizing global energy markets.

    Why it matters

    The East-West pipeline, also known as Petroline, is a critical artery for Saudi oil exports. These attacks follow a period of high tension where the US sank five Iranian tankers and Iran struck 10 vessels. The resulting price surge pressures urban economies and exposes the vulnerability of Gulf oil states.

    What is confirmed

    • The Saudi Ministry of Energy announced the precautionary closure of the East-West pipeline in the Riyadh and Medina regions.
    • Multiple attacks targeted the pipeline on the morning of Thursday, September 10, 2026.
    • The attacks on the pipeline resulted in several injuries.
    • Brent crude oil prices have exceeded $100 per barrel.

    Still unconfirmed

    • Houthi forces seized Mayun Island.
    • Brent crude topped $104 in 2026.

    What to watch next

    • Official assessment of the East-West pipeline integrity by Saudi technicians
    • Further communications from the Saudi Ministry of Energy regarding pipeline status
    Sources used for this update (5)

    1. pro.thestreet.com — Stocks Snap Four-Day Skid Despite Hot CPI, Attention Turns to the FOMC
    2. jen.jiji.com — Saudi Arabia closes East-West pipeline after multiple attacks
    3. jen.jiji.com — Mystery in Arezzo, 40-year-old found dead in hospital parking lot: murder investigation underway (2)
    4. urbanacres.in — How Oil Prices Above $100 Could Pressure Urban Economies
    5. startupfortune.com — The Iran War Is Pushing the World Off Oil, and That Should Scare the Gulf
    confidence 90%
11. 19d ago

    Oil Prices Top $100 After US and Iran Exchange Shipping Attacks

    Brent crude oil prices have surpassed $100 per barrel, the highest level since July, as military tensions in the Middle East threaten global production and shipments. This price surge follows a wave of attacks on shipping on Wednesday, where the US sank five Iranian oil tankers and Iran struck 10 vessels near the Strait of Hormuz. These events have destabilized global equity markets, contributing to a significant crash in the Sensex and Nifty indices.

    Why it matters

    The Strait of Hormuz is a critical chokepoint for international oil transit. Escalating conflict between the US and Iran, combined with Houthi strikes on Saudi cities, increases the risk of prolonged supply disruptions.

    What is confirmed

    • Global crude oil prices have climbed above $100 per barrel.
    • Oil prices reached their highest level since July.

    Still unconfirmed

    • Iran struck 10 vessels near the Strait of Hormuz after US forces sank five Iranian oil tankers.

    What to watch next

    • Federal Reserve interest rate decision
    • Further military activity near the Strait of Hormuz
    Sources used for this update (5)

    1. inews.co.uk — This breast type raises your risk of cancer – every woman over 40 should know it
    2. www.france24.com — Iran and US strike tankers in biggest shipping attack since war began
    3. jen.jiji.com — Akanat orders Bangchak and BAFS units to cover Rama 3 oil spill costs
    4. www.indiainfoline.com — Gold Price Steadies Near $4,400, Silver Holds Above $66 as Markets Brace for a Fed Decision Complicated by War
    5. thesun.ng — Oil price surges above $100 as Middle East tensions threaten global supplies
    confidence 90%
12. 21d ago

    Oil Prices Exceed $100 Per Barrel as Middle East Conflict Escalates

    Brent crude oil prices climbed past $100 a barrel for the first time since July, driven by escalating conflict between the United States and Iran in the Gulf and fresh Houthi strikes on Saudi Arabian cities. The international oil benchmark rose more than 3% following a United States strike on Iranian tankers near Kharg Island. This energy rally severely impacted global equity markets, causing the Sensex to crash 813 points on Wednesday after falling 555 points the previous day, while the Nifty closed at 23,431.

    Why it matters

    The surge in crude prices stems from a combination of a United States war in Iran and regional attacks targeting critical energy infrastructure in Saudi Arabia, fueling fears of severe disruptions in the Strait of Hormuz. Yemen's Tehran-backed Houthis targeted four cities in southern Saudi Arabia on Tuesday, wounding over 70 people and setting oil installations ablaze. Meanwhile, the broader economic fallout reached currency and stock markets, offsetting Federal Reserve interest rate hike expectations driven by a stronger-than-expected August jobs report.

    What is confirmed

    • Brent crude oil prices rose above $100 a barrel for the first time since July on Wednesday.
    • Yemen's Tehran-backed Houthis attacked four cities in the south of Saudi Arabia on Tuesday, wounding more than 70 people and setting oil installations ablaze.
    • The United States conducted a strike on Iranian tankers near Kharg Island.
    • The Indian stock market Sensex crashed 813 points as crude crossed $100, following an earlier 555-point drop.
    • Nonfarm Payrolls expanded by 162,000 positions and the Unemployment Rate remained unchanged in the August US jobs report.

    Still unconfirmed

    • Markets are pricing in a higher likelihood of a Federal Reserve rate increase in September with the probability pushing above 60%.

    What to watch next

    • Upcoming US Producer Price Index and Consumer Price Index inflation data due later this week
    • Further developments regarding shipping disruptions in the Strait of Hormuz
    Sources used for this update (9)

    1. www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Sensex down 555 pts, Nifty ends at 23,635 as crude oil nears $100
    2. egyptian-gazette.com — Houthis hit 4 Saudi cities as Mideast war expands
    3. www.tradingpedia.com — Canadian Dollar Firms as Oil Rally Offsets Fed Hike Bets
    4. www.nbcnews.com — Oil nears $100 a barrel after new U.S. strike on Iranian tankers and attacks on Saudi infrastructure
    5. www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Sensex crashes 813 pts, Nifty closes at 23,431 as crude crosses $100
    6. www.theguardian.com — Oil prices rise above $100 a barrel for first time since July as Iran war escalates
    7. www.cnbctv18.com — Crude Oil Prices hit $100: Why they are rising and how higher can they go?
    8. inews.co.uk — Why hot drinks could raise your risk of cancer – and how to make sure they’re safe
    9. abcnews.com — Oil prices climb over $100 per barrel as US war in Iran continues
    confidence 100%
13. 22d ago

    Brent Crude Tops $97 as Houthi Attacks Hit Saudi Refinery

    Brent crude oil prices exceeded $97 a barrel on Monday following a third attack in two months on Saudi Aramco's Jizan refinery. Rising energy costs contributed to a decline in Indian stock markets, where the Nifty 50 dropped 0.57% and the Sensex fell 0.5%. To mitigate regional risks, Iraq is developing new pipeline routes to the Mediterranean and northern borders to increase export capacity to 5 million barrels per day. This strategy aims to reduce Baghdad's dependence on the Strait of Hormuz for crude shipments.

    Why it matters

    Energy volatility follows previous disruptions from Ukrainian strikes on Russian refineries and conflict with Iran. High fuel costs are already impacting US consumers, with diesel reaching a record average of $5.85 a gallon. Global markets are now monitoring simultaneous disruption risks across the Red Sea and the Gulf.

    What is confirmed

    • Saudi Aramco's Jizan refinery was hit Monday in its third attack within two months.
    • Brent crude oil prices rose above $97 a barrel.
    • The Nifty 50 dropped 0.57% and the Sensex fell 0.5% on Monday.
    • Iraq's oil export capacity has risen above 3 million barrels per day as of early September.

    Still unconfirmed

    • Iraq plans to reach 5 million barrels per day capacity via new pipelines to Fishkhabur and the Syrian port of Banias.
    • Sudan could become the next energy security flashpoint in the Red Sea.

    What to watch next

    • Completion of Iraq's strategic pipelines to the Mediterranean
    • European Central Bank decisions on rate hikes linked to energy inflation
    Sources used for this update (7)

    1. jen.jiji.com — Iraq targets 5 mln bpd oil export capacity with new pipeline routes
    2. www.globalbankingandfinance.com — Another rate hike, just for insurance: Five questions for the ECB
    3. kfgo.com — Morning Bid: Diesel the real spoiler for US inflation doves
    4. www.netnewsledger.com — Monday NewsHawk Update: Gulf Risk, Canadian Tariffs, Northern Rain and Thunder Bay Rail Jobs
    5. oilprice.com — Sudan Could Become the Red Sea’s Next Energy Security Flashpoint
    6. www.livemint.com — Stock Market prediction today: Sensex, Nifty outlook for Tuesday | Kospi, Taiwan Index, Nikkei cues to watch | 8 Sept
    7. oilprice.com — Saudi Aramco's Jizan Refinery Hit Again as Houthi Attacks Escalate
    confidence 90%
14. 24d ago

    Gas Prices Hit Record Highs as Iran Conflict Disrupts Global Energy

    Americans face record-breaking fuel costs heading into Labor Day as ongoing conflict with Iran disrupts global energy flows and Ukrainian strikes on Russian refineries tighten fuel supplies. The national average for gasoline sits around $4.14 per gallon, nearly 95 cents higher than last year. AAA expects prices to remain above $4 through the holiday, potentially breaking the previous record of $3.83 set in 2012. Meanwhile, US diesel prices reached a record average of $5.85 a gallon on Friday.

    Why it matters

    The six-month war with Iran continues to drive up transportation and household expenses, creating a severe political challenge for President Donald Trump ahead of the November midterm elections. Trump campaigned on lowering energy costs, but surging fuel prices are squeezing family budgets and forcing governments to pursue short-term suppression strategies. These disruptions compound ongoing supply pressures from refinery strikes in Eastern Europe.

    What is confirmed

    • The national average for gasoline is around $4.14 per gallon, which is nearly 95 cents higher than last year.
    • US diesel prices reached a record average of $5.85 a gallon on Friday.
    • AAA expects gas prices to remain above $4 a gallon through Labor Day.

    Still unconfirmed

    • US President Donald Trump is reportedly considering declaring the war over despite fresh hostilities between the two nations.

    What to watch next

    • Whether gas prices remain above $4 a gallon past Labor Day
    • Potential federal policy responses to address rising energy costs ahead of the November midterm elections
    Sources used for this update (8)

    1. jen.jiji.com — Thai gold falls 500 baht, bullion sells at 69,150 baht
    2. jen.jiji.com — SuperEnalotto, today's draw September 5, 2026: winning numbers
    3. timesofindia.indiatimes.com — America's Costliest Labor Day: Iran War Sends Prices Soaring, Gas Surges $4, Trump Faces Backlash
    4. timesofindia.indiatimes.com — India’s car buyers shift from petrol as CNG, hybrid, EVs cross 42% sales share: Report
    5. www.dailymail.com — REVEALED: Rare agreement between FF and FG Cabinet ministers ahead of next month's Budget will be welcome news for cash-strapped households as winter close…
    6. jen.jiji.com — LISA's SaWaDiKa sets 2026 YouTube record and spotlights Thailand
    7. jen.jiji.com — Thai khon production based on the Ramayana story of Sita returns in 2026
    8. starherald.com — US strikes three Iranian oil tankers, Central Command says
    confidence 90%
15. 25d ago

    US Diesel Prices Hit Record High Amid Iran War

    US diesel prices reached a record average of $5.85 a gallon on Friday as the six-month war with Iran disrupts fuel flows. This price surge is increasing transportation costs for a wide range of goods. While energy markets react to the conflict, US President Donald Trump is reportedly considering declaring the war over despite the emergence of fresh hostilities between the two nations. These developments follow previous warnings from Israel regarding targets in Iranian energy infrastructure.

    Why it matters

    The conflict has lasted six months and is now impacting global energy logistics. Rising fuel costs typically trigger inflation across consumer goods due to higher shipping expenses. The situation remains volatile as the US balances military engagement with potential diplomatic exits.

    What is confirmed

    • US diesel prices hit a record average of $5.85 a gallon on Friday.
    • The war with Iran has lasted six months.

    Still unconfirmed

    • President Donald Trump is considering declaring the Iran war over.
    • The US is probing an Iran wedding strike that killed five people.

    What to watch next

    • Official announcement from the White House regarding the status of the war
    • Further fluctuations in US diesel and global oil prices
    • Updates on US investigations into the wedding strike casualties
    Sources used for this update (4)

    1. timesofindia.indiatimes.com — US-Iran War Live Updates: 'Looking at various scenarios' - US probes Iran wedding strike that killed five
    2. norfolkdailynews.com — US diesel prices hit a record high, pushing up transportation costs
    3. www.pressdemocrat.com — US diesel prices hit a record high, pushing up transportation costs for a long list of goods
    4. www.livemint.com — The week in charts: GDP growth resilience, factory slowdown, GST streak
    confidence 90%
16. 26d ago

    Israel Warns of Infrastructure Strikes as Indian Markets Rally

    Israeli Defense Minister Israel Katz stated Israel will target all Iranian infrastructure, including energy facilities, if Tehran attacks Israel. This threat coincides with rising geopolitical risks as supersonic cruise missiles increase the potential for mass casualties among American forces. Despite these tensions, Indian equities rose Friday. The Sensex climbed 362.57 points to close at 76,515.43, while the Nifty reached 23,897.70. Investors reacted positively to easing expectations of an imminent US Federal Reserve rate hike.

    Why it matters

    The region remains volatile following US strikes on Iranian sites and Iranian counter-attacks on Iraq, Jordan, and Bahrain. President Trump previously stated the US is ready to strike Iran anytime. Market stability now depends on both Middle East military escalations and US monetary policy.

    What is confirmed

    • The Sensex rose 362.57 points to settle at 76,515.43 on Friday.
    • The Nifty closed at 23,897.70.

    Still unconfirmed

    • Supersonic cruise missiles could cause a mass casualty event for American forces in the Iran conflict.

    What to watch next

    • Official US Federal Reserve announcements regarding interest rate hikes
    • Confirmation of Iranian military movements toward Israeli borders
    Sources used for this update (4)

    1. inews.co.uk — Putin’s supersonic missiles could take out a US ship – and escalate Trump’s war
    2. timesofindia.indiatimes.com — Stock Market Live Highlights: Sensex rises 362.57 points to settle at 76,515.43; Nifty at 23,897.70
    3. www.investorschronicle.co.uk — Fed talk calms market nerves
    4. www.azernews.az — Katz: Israel to target all Iranian infrastructure in event of attack
    confidence 90%
17. 27d ago

    US Prepared for Further Iran Strikes as Markets React to Regional Conflict

    The United States remains ready to strike Iran "anytime we want" following a "very heavy attack," according to President Trump. Despite ongoing tensions, global markets show signs of resilience. The FTSE 100 edged higher on Thursday as precious-metal miners offset uncertainty regarding the Strait of Hormuz, while the Gift Nifty signaled a positive open for Indian equities. These movements follow an initial oil price rally and rising Treasury yields triggered by US strikes on Iranian sites and subsequent Iranian attacks on Bahrain, Jordan, and Iraq.

    Why it matters

    Military escalation between the US and Iran threatens global energy stability and inflation. Previous strikes pushed Brent crude to $94.36 and US gasoline to an average of $4.08. Investors are monitoring the Federal Reserve for potential interest rate hikes this month.

    What is confirmed

    • President Trump stated the US is prepared to hit Iran "anytime we want" after a "very heavy attack".
    • The FTSE 100 rose slightly on Thursday as gold and silver miners offset concerns over the Iran conflict and shipping in the Strait of Hormuz.
    • The Gift Nifty traded at 24,117, indicating a positive start for Indian equities.

    Still unconfirmed

    • People at a wedding party were killed during American strikes in Iran.

    What to watch next

    • Federal Reserve decision on interest rates this month
    • US military findings on civilian casualties at Iranian wedding party
    • Shipping volume changes through the Strait of Hormuz
    Sources used for this update (5)

    1. www.yahoo.com — Trump says U.S. prepared to hit Iran "anytime we want" after "very heavy attack"
    2. economictimes.indiatimes.com — Breaking News Live Updates: 5.0 magnitude earthquake hits Tibet
    3. jen.jiji.com — America’s Cup, Alovisi (Trenitalia): "Together with Luna Rossa we enhance Italian identity and speak to a global audience"
    4. uk.finance.yahoo.com — FTSE 100 Edges Higher as Precious-Metal Miners Advance
    5. hdfcsky.com — Gift Nifty Points to Firm Open for Sensex, Nifty as Asian Stocks Rise, Wall Street Rebounds Partially
    confidence 90%
18. 28d ago

    Oil Prices Top $94 as Iran Attacks US Allies Following US Strike

    Brent crude climbed 3.8% to $94.36 a barrel and WTI rose 4.3% after the United States launched military strikes against Iranian sites. Iran responded by firing on Bahrain, Jordan, and Iraq on Wednesday, with Bahrain intercepting an aerial attack. The escalation has triggered a global market reaction, pushing US gasoline to an average of $4.08 and driving Treasury yields to a 19-month high. Investors fear the resulting oil price rally will fuel persistent inflation, increasing the likelihood that the Federal Reserve will raise interest rates this month.

    Why it matters

    The conflict follows a one-month hiatus in direct clashes between the US and Iran. Recent US strikes reportedly killed civilians at a wedding party, prompting Tehran to target US allies in the Gulf region. This instability threatens shipping in the Strait of Hormuz and impacts global equity markets.

    What is confirmed

    • Brent crude climbed 3.8% to $94.36 a barrel.
    • WTI crude rose 4.3%.
    • Iran launched attacks against Bahrain, Jordan, and Iraq on Wednesday.
    • Bahrain intercepted an Iranian aerial attack.
    • US gasoline averaged $4.08.
    • Treasury yields reached a 19-month high.
    • The Australian sharemarket fell as oil prices climbed.

    Still unconfirmed

    • US strikes on Iranian sites killed civilians at a wedding party.
    • The Federal Reserve will raise interest rates this month to combat inflation.

    What to watch next

    • Federal Reserve interest rate decision
    • Further military escalation between the US and Iran in the Gulf region
    • US ISM data and eurozone CPI reports
    Sources used for this update (12)

    1. www.commondreams.org — Trump’s Drug Pricing Deals Are a Farce
    2. en.sedaily.com — Trump Presses Refiners, Fed as Gasoline Prices Surge Before Midterms
    3. www.indiainfoline.com — Gold's Best Month in a Century Meets Its Toughest Week: The Jackson Hole Shock That's Now Shaking Bullion Markets on September 1, 2026
    4. www.nbcnews.com — Bond yields surge and stocks tumble as inflation fears raise the odds of an interest rate hike
    5. www.smh.com.au — ASX falls as oil price fuels inflation and rate hike fears, bond yields spike
    6. www.fxempire.com — First Light News: Oil jumps & Yields Climb as US-Iran Tensions Flare Up
    7. en.ilsole24ore.com — Stock market: Europe set for a mixed start as inflation fears rise amid a rally in crude oil prices
    8. www.stl.news — Overseas Markets Overnight — September 1, 2026
    9. uk.news.yahoo.com — Iran fires on Bahrain, Jordan, Iraq after deadly US strike on wedding party
    10. www.irishexaminer.com — Iran fires on Gulf neighbours despite Trump’s threats to escalate US attacks
    11. www.thenational.scot — Iran attacks Bahrain, Jordan, Iraq after US strike on wedding party
    12. finance.yahoo.com — Oil prices surge above $94 after U.S. strikes Iran in Hormuz
    confidence 95%
19. 30d ago

    Brent Crude Rebounds Above $90 as US-Iran Clashes Resume

    Brent crude prices rose above $90 and WTI crude reached $86 per barrel during the August 31 Asian trading session. This price rebound follows a resumption of direct clashes between the United States and Iran after a hiatus of more than one month. The renewed hostilities have rapidly increased shipping risks in the Strait of Hormuz. While US energy companies have earned billions from the price increases, their regional assets remain at risk.

    Why it matters

    The Strait of Hormuz has been blocked since the start of the war with Iran. Previous attempts by Gulf producers to avoid price spikes by diverting sales outside the strait failed to stabilize the market.

    What is confirmed

    • Brent crude prices rebounded above $90 during the Asian trading session on August 31.
    • WTI crude rose to $86 per barrel on August 31.
    • Direct clashes between the United States and Iran resumed after more than a month.

    Still unconfirmed

    • US energy companies have earned billions from rising oil prices.
    • Shipping risks in the Strait of Hormuz have rapidly escalated.

    What to watch next

    • Diplomatic efforts to restore freedom of navigation in the Strait of Hormuz
    • Further movements in Brent and WTI crude prices following the Asian session
    Sources used for this update (6)

    1. www.aljazeera.com — Mapping Iran war’s strikes on Gulf energy – and what comes next for oil
    2. jen.jiji.com — MotoGp, today the Aragon GP is raced - Live
    3. jen.jiji.com — US Open, today Djokovic-Navone: schedule, head-to-head, and where to watch it on TV
    4. jen.jiji.com — South Korea, Unification Church leader sentenced to 2 years in prison
    5. jen.jiji.com — Schools open in Emilia-Romagna two weeks earlier for those who wish: the primary school experimentation begins
    6. www.tradingkey.com — Oil Price Forecast: Will Brent Continue to Rise After Topping $90 as US-Iran Conflict Escalates Again?
    confidence 90%
20. 32d ago

    Oil nears $90 as Iran war enters sixth month and Hormuz talks stall

    Crude oil prices are holding near $90 despite the implementation of what President Donald Trump called the toughest sanctions in history. Market instability persists because the Strait of Hormuz remains blocked, a condition that has existed since the start of the war with Iran. While Gulf producers previously attempted to mitigate price spikes by shifting sales outside the Strait, uncertainty over transit continues to keep markets on edge. Meanwhile, diplomatic efforts to restore freedom of navigation in the region have hit a setback.

    Why it matters

    The conflict with Iran has lasted six months, leaving the Iranian regime entrenched and taking a harder line. Regional security depends on the Strait of Hormuz, a critical chokepoint for global oil supplies. Previous volatility saw prices drop when President Trump paused military action.

    What is confirmed

    • Oil prices are holding near $90.
    • The Strait of Hormuz has been blocked since the beginning of the war with Iran.
    • The war with Iran has lasted six months.

    Still unconfirmed

    • The Iranian regime has taken a harder line instead of collapsing.
    • President Donald Trump implemented the toughest sanctions in history against Iran.

    What to watch next

    • The announcement of a new date for the postponed Istanbul talks
    • Evidence of shifts in Iranian regime stability after six months of war
    Sources used for this update (7)

    1. jen.jiji.com — Strong wave of bad weather hits Northern Italy: cloudburst and whirlwind in Cremona, cable car stopped in Trentino
    2. jen.jiji.com — Germany, Hormuz talks postponed in Istanbul
    3. oilprice.com — Oil Shrugs Off Trump’s ‘Toughest Sanctions in History’
    4. www.upr.org — After 6 months of war, Iran's battered regime remains entrenched
    5. sg.news.yahoo.com — Clashes in Spain's Ceuta month after mass migrant influx, residents try to block Red Cross aid
    6. jen.jiji.com — Trains, circulation suspended in Verona hub due to bad weather damage
    7. theins.press — Food for naught: The effects of Russia's war have left its grain producers on the verge of bankruptcy
    confidence 90%
21. 33d ago

    Gulf Oil Flows Increase as Regional Producers Boost Volumes

    Oil prices are being kept in check as Gulf producers increase volumes and shift sales for collection outside the Strait of Hormuz. Every major regional supplier except Iran is currently utilizing this strategy to maintain flow. This follows a period of extreme market volatility and missile exchanges between the US and Iran, which previously caused oil prices and Treasury yields to drop after President Donald Trump paused military action.

    Why it matters

    The Strait of Hormuz is a critical chokepoint for global energy supplies. Market stability depends on the ability of Gulf nations to bypass potential disruptions caused by US-Iran tensions. Previous missile exchanges between the two countries had already resulted in one death in Kuwait.

    Still unconfirmed

    • Every major regional supplier except Iran is selling barrels for collection outside the Strait of Hormuz.

    What to watch next

    • Changes in Iranian oil export volumes
    • Further military decisions by the US regarding Iran
    • Price fluctuations in response to Gulf production shifts
    Sources used for this update (9)

    1. jen.jiji.com — Serie A restarts, today Inter-Monza - Live
    2. tass.com — Ukraine attacks Donetsk People’s Republic eight times in 24 hours, wounding two people
    3. jen.jiji.com — Serie A, today Venezia-Lecce: time, probable lineups and where to watch it
    4. jen.jiji.com — Flood in Nepal, mountaineer Da Polenza: "The glacier collapse reminded me of the Vajont's force" (2)
    5. jen.jiji.com — Hacker attack on TeamSystem, IBANs and personal data of customers stolen
    6. seekingalpha.com — ETJ: Very High Tech Exposure Could Be A Risk
    7. jen.jiji.com — Vuelta a España, today seventh stage: schedule, route and where to watch it
    8. jen.jiji.com — King Harald V dies at 89, Norway mourns its monarch
    9. www.businesstimes.com.sg — Hormuz oil flows rise as Gulf producers boost volumes, keeping prices in check
    confidence 70%
22. 39d ago

    US Stocks Rally as President Trump Pauses Military Action Against Iran

    US stocks rallied and the Nasdaq surged over 2% after President Donald Trump paused military action against Iran. This decision caused oil prices and Treasury yields to drop. While some reports indicate oil prices are holding, the immediate market reaction followed the decision to hold off on strikes. This shift follows a period of extreme volatility characterized by missile exchanges between the two nations that previously resulted in one death in Kuwait.

    Why it matters

    Geopolitical stability in the Middle East directly impacts global energy costs and investor confidence. The tension between the US and Iran has previously triggered swings in gold futures and Indian equity markets. Markets are now reacting to the transition from active military threats to a pause in aggression.

    Still unconfirmed

    • The Nasdaq surged over 2% following the pause in military action.
    • Oil prices and Treasury yields fell after President Trump held off on an Iran strike.

    What to watch next

    • Official confirmation of new diplomatic talks between the US and Iran.
    • Further movements in Treasury yields and global oil benchmarks.
    Sources used for this update (4)

    1. biz.heraldcorp.com — Wall Street cheers as Trump holds off Iran strike; Nasdaq surges over 2%
    2. www.interest.co.nz — Breakfast briefing: Is inflation about to resume its rise?
    3. 247wallst.com — How a 70-Year-Old Collects $6,500 a Month From Just Four Tickers: SCHD, JEPQ, O, and MAIN
    4. jen.jiji.com — Lautaro Martinez to Barcelona? Marotta reassures fans: "The conditions are not there"
    confidence 70%
23. 58d ago

    Oil Prices Drop as US-Iran Diplomatic Hopes Rise

    Oil prices have fallen following expectations of new talks between the US and Iran. This shift in geopolitical tension boosted Indian markets on Monday, with the BSE Sensex rising 544.39 points to close at 78,639.03 and the Nifty 50 gaining 390.70 points to reach 24,774.30. While crude prices slumped, gold futures rose 0.9% and spot gold increased 0.4%. These movements follow a period of volatility sparked by missile barrages between the two nations on Thursday that killed one person in Kuwait.

    Why it matters

    The situation is volatile due to direct military exchanges between Washington and Tehran. Market fluctuations reflect the tension between immediate conflict and the possibility of diplomatic resolution. This instability impacts global energy costs and safe-haven assets like gold.

    What is confirmed

    • The BSE Sensex rose 544.39 points to close at 78,639.03 on Monday.
    • The Nifty 50 surged 390.70 points to settle at 24,774.30 on Monday.
    • US gold futures gained 0.9% and spot gold rose 0.4%.
    • Crude oil prices fell on expectations of fresh US-Iran talks.

    Still unconfirmed

    • US and Iran fired missile barrages on Thursday.
    • A strike killed one person in Kuwait.
    • President Donald Trump may pull Todd Blanche's attorney general nomination until Senators John Cornyn and Thom Tillis leave office.

    What to watch next

    • Confirmation of official US-Iran diplomatic talks
    • Further movements in crude oil pricing
    • Official statements regarding the Attorney General nomination
    Sources used for this update (6)

    1. www.lanacion.com.ar — The Latest: US and Iran trade strikes as hopes dim for a quick resolution
    2. www.newsday.com — The Latest: Trump says he may pull Todd Blanche's attorney general nomination for now
    3. www.thehindubusinessline.com — Sensex today | Stock Market Highlights: Nifty jumps 391 points to reclaim 24,750; Sensex gains 544 as IT, banks lead rally
    4. www.econotimes.com — Gold Prices Rise as Trump Delays Iran Strike, Oil Slumps
    5. www.thehindubusinessline.com — Sensex, Nifty gap up on Iran diplomacy, crude slide; financials lead, pharma drags
    6. timesofindia.indiatimes.com — Gold, Silver Rate Today Live Updates: Gold futures rise to Rs 1,43,740/10 gm on spot demand
    confidence 80%
24. 62d ago

    Oil Prices Rise Above $70 on Iran Strike

    Global markets are experiencing a downturn, with the US stock market tumbling in anticipation of the Fed rate decision. The ASX has opened lower, and Wall Street saw a sharp decline in key indices after the Fed kept rates on hold. Oil prices have risen above $70 due to the Iran strike.

    What's confirmed:

    • The Fed kept rates on hold, causing a sharp decline in key US indices.
    • The ASX has opened lower following the Fed's decision.
    • Oil prices have risen above $70.

    Still unconfirmed:

    • No specific rumors found in the provided sources.
    • The FTSE 100 hit a new intraday high of 10,949.
    Sources used for this update (4)

    1. FED Meeting Live | Dow Jones | US Stock Market Live: US market tumbles as Fed rate decision looms; chip stocks wobble
    2. Markets live updates: Wall Street sinks after a divided Fed keeps rates on hold, ASX slips
    3. ASX eases from five-month high; oil steadies, Domino’s surges
    4. FTSE 100 Live: London index hits new intraday high, but US in selling mode pre-Fed
    confidence 80%
25. 64d ago

    Oil Prices Fall as U.S. and Iran Halt Strikes

    Oil prices dropped Monday. The United States and Iran paused their strikes to allow space for diplomacy.

    What's confirmed:

    • Oil prices tumbled Monday.
    • The United States and Iran paused their escalating strikes to make "space" for diplomacy.
    Sources used for this update (2)

    1. Oil prices slide as U.S. and Iran pause strikes to give ‘space’ for diplomacy
    2. ConocoPhillips Stock Has Attractive Short-Put Yields for One Month As Oil Price Rise
    confidence 100%