Oil prices rise and stocks fall after US hits Iranian sites in the Strait of Hormuz
Brent crude rose to $106.32 following a Houthi missile strike on an Aramco building in Dhahran and two additional ship attacks in the Strait of Hormuz. US stocks continue to decline as investors fear higher inflation and potential US military escalation. Donald Trump is currently weighing whether the US will join Saudi Arabia in retaliatory strikes after deadly attacks hit Riyadh airport. Meanwhile, shipping costs are surging as insurance premiums rise and tanker captains demand higher pay to navigate the high-risk waterway.
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- β Brent crude oil prices rose to $106.32.
- β A Houthi missile struck an Aramco building in Dhahran.
- β Two ships were struck in the Strait of Hormuz.
- β Shipping insurance costs for tankers have increased.
What changed
Oil prices climbed to $106.32 after Houthi strikes on Aramco and new attacks in the Strait of Hormuz.
Live updates
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Brent Oil Hits $106 as Regional Conflict Widens to Saudi Arabia
Brent crude rose to $106.32 following a Houthi missile strike on an Aramco building in Dhahran and two additional ship attacks in the Strait of Hormuz. US stocks continue to decline as investors fear higher inflation and potential US military escalation. Donald Trump is currently weighing whether the US will join Saudi Arabia in retaliatory strikes after deadly attacks hit Riyadh airport. Meanwhile, shipping costs are surging as insurance premiums rise and tanker captains demand higher pay to handle the high-risk waterway.
Why it matters
The Strait of Hormuz is a critical global chokepoint for energy supplies. Iran is allegedly increasing tanker attacks to restore leverage over shipping and provoke a US response. Russia has offered to mediate the stalemate between Iran and the West.
What is confirmed
- Brent crude oil prices rose to $106.32.
- A Houthi missile struck an Aramco building in Dhahran.
- Two ships were struck in the Strait of Hormuz.
- Shipping insurance costs for tankers have increased.
- Tanker captains are receiving higher salaries due to increased risks in the Strait of Hormuz.
Still unconfirmed
- Donald Trump may join Saudi retaliation following deadly strikes at Riyadh airport.
What to watch next
- US decision on joining Saudi retaliatory strikes
- Release of strategic oil reserves to stabilize prices
- Outcome of Russian mediation efforts between Moscow and Tehran
confidence 90%Sources used for this update (28)
- economictimes.indiatimes.com β Business News Live, Share Market News - Read Latest Finance News, IPO ...
- www.deutschland.de β Federal Chancellor Merz calls for peace negotiations for Ukraine
- www.forbes.com β Download The Forbes App
- economictimes.indiatimes.com β oil prices and strait of hormuz: Latest News & Videos, Photos ...
- www.aljazeera.com β US stocks slide as oil prices fluctuate over renewed Iran war ...
- finance.yahoo.com β Stocks fall further as oil spike fans fresh inflation worries
- www.cnn.com β After oil increasingly left the Gulf, Iran is trying to regain its stranglehold on shipping
- www.briefs.co β Trump weighs U.S. role in Saudi response after deadly strikes hit Riyadh airport
- www.briefs.co β Korea's AI-fueled stock boom has hit a wall
- jen.jiji.com β Kyrgyzstanβs Batken opens 148 enterprises, creates 686 jobs over five years
- jen.jiji.com β Kazakh Kurmangaliyev wins silver at WTT China Youth Smash
- economictimes.indiatimes.com β Deadly attacks on Saudi Arabia risk wider war that draws in US
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Oil prices rise, stocks fall on Iran tensions and supply concerns
Oil prices jumped as much as 5% and stocks declined due to renewed concerns over Middle East crude supplies following Iranian tanker attacks in the Strait of Hormuz. Brent oil topped $101 and WTI trades above $92. Global markets remain volatile amid rising energy prices and inflation concerns. The US dollar strengthened, offsetting support from a decline in US crude inventories.
Why it matters
The ongoing tensions in the Middle East have revived supply worries, impacting global markets. The Strait of Hormuz is a critical waterway for oil exports, and attacks on tankers and Houthi-linked strikes have raised concerns about the security of crude supplies. The situation has led to increased volatility in energy prices and inflation concerns.
What is confirmed
- Oil prices jumped as much as 5% on Iranian tanker attacks
- Brent oil topped $101
- WTI trades above $92
- Global markets remain volatile amid rising energy prices and inflation concerns
- The benchmark rate for very large crude carriers hit a record $907,635 a day on October 6
- Oil tanker rates top $1 million a day
Still unconfirmed
- US President Trump's pledge not to hit Iran before midterms can't soothe oil
What to watch next
- US plans for potential action in Iran
- Development of Houthi missile strikes
- Iranian crude oil export levels
confidence 85%Sources used for this update (8)
- www.mitrade.com β WTI reverses earlier gains as recovering Middle East exports weigh
- gulfnews.com β Saudi Coalition Intercepts Houthi Missiles Amid Oil Price Surge Over Iran Tensions - Gulf News
- nypost.com β Oil prices jump 5%, pushing Treasury yields higher and stocks ...
- gulfnews.com β Oil surges, stocks sink on jitters over US plans in Iran war - Gulf News
- www.usfunds.com β Oil Tanker Rates Top $1 Million a Day as Shipping Profits Soar - USFunds
- www.mitrade.com β Crude Oil grinds higher on record tanker attacks and Houthi missiles
- www.nbcnews.com β Trumpβs pledge not to hit Iran before midterms canβt soothe oil
- www.newsbreak.com β Oil eases, bringing some respite to stocks and battered bonds - NewsBreak
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Oil prices rise, stocks fall after US hits Iranian sites in Strait of Hormuz
Oil prices increased and stocks declined due to renewed concerns over Middle East crude supplies following US attacks on Iranian sites in the Strait of Hormuz. Brent oil topped $101 after Houthi-linked strikes and tanker attacks revived supply worries. Global markets remain volatile amid rising energy prices and inflation concerns.
Why it matters
The Strait of Hormuz is a critical waterway for oil exports, and disruptions to shipping through the area have significant impacts on global energy markets. Previous rebounds in Middle East exports had eased concerns, but recent developments have reignited worries. The US and Iranian officials have been engaged in back-channel exchanges as Tehran seeks sanction relief and asset releases.
What is confirmed
- Oil prices rose sharply after US attacks on Iranian sites in the Strait of Hormuz.
- Brent oil topped $101 due to Houthi-linked strikes and tanker attacks.
- Global markets remain volatile amid rising energy prices and inflation concerns.
- The US and Iranian officials have been engaged in back-channel exchanges.
Still unconfirmed
- Iran plans to block 'illegal routes' created in the Strait of Hormuz.
What to watch next
- Further developments in US-Iranian relations and their impact on oil supplies
- Reactions from International Energy Agency member states on strategic reserves releases
- OPEC's response to changing market conditions
confidence 80%Sources used for this update (8)
- www.zerohedge.com β S&P Set To Open At Record High As Oil Slides, Bond Rout Takes A Breather | ZeroHedge
- www.khaleejtimes.com β India says 12 injured after tanker attacked off Oman | Khaleej Times
- www.khaleejtimes.com β Iran to block 'illegal routes' created in Strait of Hormuz: IRGC advisor | Khaleej Times
- jen.jiji.com β Brazil to set up robotic surgery centres in every state
- www.briefs.co β Oil Rises After Houthi-Linked Attacks Rekindle Supply Worries
- www.marketscreener.com β Energy price surge hits shares; Pennon sinks | MarketScreener
- finance.yahoo.com β Oil rises and stocks fall as Hormuz worries flare Oil rises ...
- uk.finance.yahoo.com β Bitcoin falls as Iran attacks, oil surge fuel rate fears ...
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Oil prices retreat as Middle East exports recover and US-Iran back-channels revive
Oil prices have declined following a rebound in Middle East exports, which have returned to nearly 80% of pre-war levels. This recovery offsets concerns over stalled diplomacy, though prices previously spiked toward 110 USD per barrel. Global markets remain volatile; while oil prices eased, gold dropped over 2% due to inflation concerns and bets on US rate hikes. US and Iranian officials have revived mediator-led back-channel exchanges as Tehran seeks sanction relief and the release of assets.
Why it matters
US military strikes on Iranian sites in the Strait of Hormuz initially drove Brent crude to 105.02 per barrel and disrupted Saudi pipeline logistics. These events triggered losses on Wall Street and the ASX. The situation is tied to broader inflation fears and Federal Reserve interest rate expectations.
What is confirmed
- Middle East oil exports have rebounded to nearly 80% of pre-war levels.
- Major stock indexes fell on Monday, September 28, 2026.
- Gold prices slid more than 2% amid rising US rate-hike bets.
- Crude oil rose to 95.16 USD/Bbl on September 28, 2026.
Still unconfirmed
- US President Donald Trump rejected an offer from Iran.
- Oil prices rose back toward recent highs around 110 USD per barrel.
What to watch next
- Outcome of the mediator-led exchanges between the US and Iran regarding sanction relief.
- Federal Reserve decisions on interest rate hikes.
- Confirmation of the full reopening of the Strait of Hormuz.
confidence 85%Sources used for this update (37)
- oilprice.com β Crude Oil Prices Today | OilPrice.com
- en.wikipedia.org β Oil - Wikipedia
- oilprice.com β Oil News Today | OilPrice.com
- en.wikipedia.org β Petroleum - Wikipedia
- tradingeconomics.com β Crude Oil - Price - Chart - Historical Data - News
- www.liveoilprices.com β Live Oil Prices β Real-Time Crude Oil & Energy Market Data
- markets.businessinsider.com β Crude Oil Price Today | WTI OIL PRICE CHART | OIL PRICE PER...
- www.usatoday.com β Stocks fall as higher oil prices, Treasury yields weigh
- www.mitrade.com β Oil: Higher prices drive yields and Dollar β MUFG
- kuwaittimes.com β Asian stocks fall, oil climbs as Hormuz hopes fade | Kuwait Times Newspaper
- finance.yahoo.com β Stocks fall; oil prices off highs amid renewed hopes for ...
- www.thehindubusinessline.com β Gold drops more than 2% on US rate-hike bets - The HinduBusinessLine
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Oil prices surge and markets slide after US strikes in Strait of Hormuz
Global oil prices climbed after US military strikes targeted Iranian sites in the Strait of Hormuz, pushing Brent crude to $105.02 per barrel. Saudi Arabia responded to a strike on its East-West pipeline by rerouting crude through the Strait, increasing September shipments to roughly 5.28 million barrels per day. Wall Street and the ASX recorded losses. Iranian President Masoud Pezeshkian said Tehran remains open to agreements with any legitimate US government that follow international law.
Why it matters
The Strait of Hormuz is a critical chokepoint for global energy supplies. US military action there risks prolonged regional instability and supply shocks. The situation remains volatile as markets weigh Iranian diplomatic signals against military escalation.
What is confirmed
- Brent crude reached $105.02 per barrel following US military strikes in the Strait of Hormuz.
- Saudi Arabia increased September shipments to approximately 5.28 million barrels per day by rerouting crude through the Strait of Hormuz.
- A US strike hit the Saudi East-West pipeline.
- President Masoud Pezeshkian stated Tehran is open to agreements with any legitimate US government provided they align with international law.
What to watch next
- Further US military actions in the Strait of Hormuz
- Official responses from the US government to Pezeshkian's offer
- Changes in Saudi shipment volumes
confidence 100%Sources used for this update (3)
- jen.jiji.com β Gold for Kazakhstan: Alfiya Tlekkabyl becomes world para judo champion
- jen.jiji.com β Kazakhstanβs Kholmogorov takes 2026 Asian Games canoe sprint bronze
- note.com β Grok News September 24 Edition
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Oil prices surge past $100 as Saudi Arabia reroutes crude through Hormuz
Global oil prices rose after US military strikes in the Strait of Hormuz, with Brent crude reaching $105.02 per barrel and other prices exceeding $US100. Saudi Arabia increased September shipments to approximately 5.28 million barrels per day by rerouting crude through the Strait of Hormuz following a strike on its East-West pipeline. Financial markets reacted with losses on Wall Street and the ASX. Meanwhile, Iranian President Masoud Pezeshkian stated Tehran is open to agreements with any legitimate US government provided they align with international law.
Why it matters
The US military strikes target Iranian sites in a critical maritime chokepoint for global energy exports. These actions follow a period of escalating tensions including new US sanctions and the disruption of Iranian aviation. The current volatility reflects the intersection of military conflict and energy security.
What is confirmed
- Brent oil reached $105.02 per barrel as of 11:08 a.m. Moscow time.
- The Australian share market fell as oil prices surged above $US100 a barrel.
- President Masoud Pezeshkian stated Iran is ready for agreements with any legitimate US government in line with international law.
Still unconfirmed
- Saudi forces intercepted missiles targeting Taif and Yanbu.
What to watch next
- Official confirmation of the East-West pipeline strike damage
- Formal diplomatic responses to President Pezeshkian's offer for agreements
- Further shifts in Saudi export volumes through the Strait of Hormuz
confidence 85%Sources used for this update (9)
- www.abc.net.au β Markets live: ASX falls following Wall Street losses and oil price surge
- jen.jiji.com β Kazakhstanβs swimmer Sofia Spodarenko reaches Asian Games final
- www.briefs.co β Saudi Crude Exports Surge as Riyadh Reroutes Barrels Through Hormuz
- www.briefs.co β Saudi intercepts missiles near Yanbu and Taif as Houthis claim attacks on Aramco and Riyadh
- jen.jiji.com β Tokayev thanks Putin for condolences over deaths of military personnel
- convera.com β A US diesel ban could lift the dollar before it hurts
- tass.com β Price of Brent oil up above $106 per barrel on ICE first since September 17
- tass.com β Iran ready for agreements with US in line with international law β president
- cumberlink.com β Why are diesel prices so much higher than regular gas?
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US Sanctions Paralyze Iranian Aviation as China Defies Restrictions
Major Iranian airlines cancelled international flights Wednesday as new US sanctions took effect. While Mahan Air suspended flights to Turkey at the request of Turkish authorities, one Mahan Air plane landed in China at 8:40 GMT. Beijing has rejected US threats to sanction entities maintaining ties with Iranian aviation, labeling the measures unilateral and illegal. These developments follow US military strikes in the Strait of Hormuz that previously disrupted oil exports and caused global stocks to fall.
Why it matters
The US blacklisted the entire Iranian aviation sector in early September to paralyze the industry worldwide. This economic pressure coincides with military action in the Strait of Hormuz and airspace restrictions in Iraq.
What is confirmed
- Mahan Air suspended all flights to Turkey following a request from Turkish authorities.
- A Mahan Air plane landed in China around 8:40 GMT on September 23.
- The US blacklisted the entire Iranian aviation sector in early September.
Still unconfirmed
- Iraq is moving to ground Iranian carriers following a US Treasury warning.
What to watch next
- Whether China implements any restrictions on further Iranian flights
- The outcome of XRG talks regarding LNG Canada stakes
- Further responses from the Iranian government to the aviation blacklist
confidence 90%Sources used for this update (2)
- jen.jiji.com β Iran, numerous Iranian airline flights cancelled after US sanctions but Mahan Air plane arrived in China
- www.briefs.co β Abu Dhabi's XRG eyes a piece of Shell-led LNG Canada
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Turkish Airlines Suspends Iran Flights as Regional Conflict Escalates
Turkish Airlines canceled all flights to Iran through March 2027 following US military strikes on Iranian sites in the Strait of Hormuz. The suspension comes as Iraq moves to ground Iranian carriers after a US Treasury warning of a global shutdown. Meanwhile, Houthi fighters advanced into the Yemen highlands to isolate the Red Sea coast from Saudi-backed forces. Crude oil prices climbed and global stocks dropped after the US strikes disrupted exports and forced Saudi Arabia to stop loadings at Yanbu.
Why it matters
The escalating maritime and aerial disruptions compound existing economic stress from the Strait of Hormuz attacks and the shutdown of the East-West pipeline. President Donald Trump shifted administration focus from gasoline prices to surging diesel costs, which officials view as an inflation risk. Regional airspace closures and ground offensives by Houthi forces threaten to choke trade routes and passenger transit across the Middle East.
What is confirmed
- Turkish Airlines suspended all flights to Iran until March 2027.
- Iraq is moving to halt Iranian carriers after a US Treasury warning of a worldwide shutdown of their operations.
- Houthi fighters pushed to seize strategic heights in the Yemen highlands to cut off the Red Sea coast from Saudi-backed forces.
What to watch next
- Implementation of the US Treasury warning regarding the global shutdown of Iranian carrier operations
- Further actions by regional aviation authorities following the Turkish Airlines flight suspension
- Developments in the Houthi offensive in the Yemen highlands
confidence 100%Sources used for this update (3)
- www.iranintl.com β Turkish Airlines says all Iran flights suspended until March 2027
- jen.jiji.com β They manufactured Molotov cocktails and tested them in a warehouse, searches and seizures for four very young people - Video
- tucson.com β Houthis push for control of Yemen highlands
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US-Iran conflict drives oil prices up as Trump focuses on diesel inflation
Crude oil prices have risen and stock markets have declined following US military strikes on Iranian sites in the Strait of Hormuz. These attacks have restricted oil exports and coincided with a shutdown of the East-West pipeline, prompting Saudi Arabia to halt oil loadings at Yanbu. President Donald Trump has shifted administration priority from gasoline costs to record diesel prices, which officials believe threaten to increase inflation.
Why it matters
The current hostilities follow a US withdrawal from a previous agreement that allowed inspections of Iranian sites to prevent nuclear weapon development. The Strait of Hormuz is a critical transit point for global energy supplies. Disruptions here directly impact global fuel pricing and inflation rates.
Still unconfirmed
- The US withdrew from an agreement where Iran allowed inspections and agreed not to develop a nuclear weapon.
What to watch next
- Changes in diesel pricing and inflation data
- Status of oil loadings at Yanbu
- Diplomatic responses to the Strait of Hormuz strikes
confidence 70%Sources used for this update (3)
- jen.jiji.com β Evenepoel time trial world champion, 2nd place for Ganna
- jen.jiji.com β Schlein: "Historic challenge for the PD, after 20 years we will win the elections"
- freepress.org β A remorseful update on Trumpβs war in Iran
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Oil prices climb as US targets Iranian sites in Strait of Hormuz
Crude oil prices rose and stocks declined after US military strikes hit Iranian sites in the Strait of Hormuz, restricting exports. President Donald Trump has shifted his focus to record diesel prices, which the administration believes threaten to increase inflation. This follows a shutdown of the East-West pipeline that led Saudi Arabia to stop oil loadings at Yanbu. While gasoline costs were the initial priority, the administration now views diesel pricing as a critical challenge. Separately, the Mubadala-backed Moeve has started building a 1 billion euro green hydrogen plant in Spain.
Why it matters
The Strait of Hormuz is a primary global transit point for oil exports. Disruptions in this region typically cause immediate volatility in energy markets and global inflation. The shift toward green hydrogen in Europe represents a long-term effort to reduce dependence on these volatile fossil fuel corridors.
Still unconfirmed
- The Nasdaq 100 advanced 1.7% in Thursday trading.
- Semiconductors surged 3.1% during Thursday trading.
What to watch next
- Updates on the status of the East-West pipeline in Saudi Arabia
- US administration policy changes to address diesel inflation
- Completion milestones for the Moeve green hydrogen plant in Spain
confidence 80%Sources used for this update (2)
- seekingalpha.com β Weekly Commentary: Walked The Walk
- jen.jiji.com β Roma-Inter, KonΓ©'s second goal validated amidst controversy: what happened at the Olimpico
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Diesel Price Spikes Threaten US Inflation as Energy Crisis Persists
US President Donald Trump has shifted focus to record diesel prices that threaten to increase inflation. This follows military operations in the Strait of Hormuz and attacks on Iranian sites that restricted exports and drove crude prices higher. Saudi Arabia previously stopped oil loadings at Yanbu due to a shut East-West pipeline. While gasoline prices were the primary concern, the administration now views diesel costs as a critical challenge. Separately, Mubadala-backed Moeve began construction on a 1 billion euro green hydrogen plant in Spain to create Europe's largest facility.
Why it matters
Diesel fuel is critical for transport and logistics, making its price a primary driver of inflation. The current supply instability stems from a combination of Middle East military conflict and Ukrainian attacks on Russian refineries.
What is confirmed
- Mubadala-backed Moeve began building a 300MW green hydrogen plant in Huelva, Spain, with a 1 billion euro investment.
- President Donald Trump has shifted his focus to spiking diesel prices due to their threat to inflation.
Still unconfirmed
- Global diesel shortages are linked to Ukrainian attacks on Russian oil refineries.
- Saudi Arabia halted oil loadings at Yanbu because the East-West pipeline remains shut.
What to watch next
- US administration policy changes to lower diesel costs
- Updates on the operational status of the Saudi East-West pipeline
confidence 90%Sources used for this update (5)
- jen.jiji.com β Sweden, ballot concluded, center-left wins narrowly and Andersson towards government leadership
- jen.jiji.com β Kazakhstan to join World Cleanup Day
- jen.jiji.com β USA, Robert Kennedy at no-vax conference, 'with me you have a friend in the White House'
- boereport.com β Record diesel prices could be Trumpβs Achillesβ heel: Bousso
- www.briefs.co β Moeve kicks off β¬1 billion green hydrogen build in Andalusia, aiming for Europe's biggest
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Saudi Arabia suspends Yanbu oil loadings as pipeline remains closed
Saudi Arabia has halted oil loadings at Yanbu because its East-West pipeline remains shut. This disruption follows US military operations in the Strait of Hormuz and attacks on Iranian sites, which have already restricted Iranian exports. The supply instability has driven crude prices higher and caused retail fuel price increases in regions such as New Jersey. While markets react to these Middle East conflicts, some observers link global diesel shortages to Ukrainian attacks on Russian oil refineries.
Why it matters
The East-West pipeline is a critical artery for moving crude across the peninsula to different ports. Continued closures at Yanbu exacerbate existing supply anxieties caused by the US-Iran conflict. These combined factors threaten global energy stability and retail petroleum costs.
What is confirmed
- Saudi Arabia suspended oil loadings at Yanbu following the closure of its East-West pipeline.
Still unconfirmed
- Donald Trump claimed global diesel shortages resulted from Ukrainian attacks on Russian oil refineries.
What to watch next
- Reopening of the Saudi East-West pipeline
- Updates on US military operations in the Strait of Hormuz
confidence 90%Sources used for this update (4)
- jen.jiji.com β Shooting in Rome, woman hit in Prati: the weapon could be a rifle, shots from over ten meters
- jen.jiji.com β Veneto, Coldiretti-Philip Morris Italia: 55.8 million euros in value and over 9,100 jobsο»Ώ (3)
- jp.ibtimes.com β Saudi Arabia halts Yanbu oil loadings as pipeline remains shut
- tass.com β Trumpβs call to halt attacks on energy sites shows dissatisfaction with Zelensky β expert
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Oil Prices Rise Following Fresh Attacks and Saudi Pipeline Outage
Crude prices climbed on Tuesday amid intensifying anxiety over energy supply disruptions. Markets reacted directly to fresh attacks in the Middle East and a pipeline outage in Saudi Arabia. These regional conflicts run parallel to ongoing American military operations in the Strait of Hormuz, which have already restricted Iranian exports. Motorists in regions like New Jersey face unexpected fuel price hikes during a seasonal window when prices usually decline, reflecting broad transmission of geopolitical risk into retail petroleum markets worldwide.
Why it matters
Energy markets remain exceptionally vulnerable due to structural choke points in the Middle East. US Energy Secretary Chris Wright noted that an average of 10 million barrels of oil and products transit the Strait of Hormuz daily. A prior US naval blockade previously compressed Iranian crude exports down to 247,000 barrels per day, leaving 38 million barrels stalled at sea before the latest infrastructure strikes occurred.
What is confirmed
- Oil prices rose on Tuesday due to supply disruption concerns driven by attacks on Saudi Arabian energy infrastructure.
- Gasoline and diesel prices are rising for New Jersey motorists despite the typical post-Labor Day seasonal decline.
What to watch next
- Developments regarding the repair timeline for the Saudi Arabian pipeline outage
- Further movements in global energy markets and stock indexes following the Strait of Hormuz strikes
confidence 100%Sources used for this update (6)
- jen.jiji.com β Food, Anir Confindustria: "Design the future and become an increasingly integral part of Italian industry"
- jen.jiji.com β David Rossi, the hearing of the justice collaborator is sealed: the expert appraisal on the exit from the window begins on September 28
- www.marketscreener.com β Oil prices rise as Saudi pipeline outage, fresh attacks raise supply concerns
- pressofatlanticcity.com β NJ gas prices usually fall after Labor Day. So why are they rising?
- tass.com β Russia's pipeline gas exports to Turkey fall 10% in January-July
- tass.com β Ukraine's interceptor drones fall short in July tests β Reuters
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Oil prices rise and tech stocks drop after US strikes in Strait of Hormuz
Global markets are reacting to US strikes on Iranian sites in the Strait of Hormuz. Technology stocks declined worldwide and Nasdaq 100 futures fell more than 1.5%. Energy markets remain volatile as the US Energy Secretary, Chris Wright, notes that an average of 10 million barrels of oil and oil products transit the Strait. This follows a period of tightening supply caused by a US naval blockade that previously reduced Iranian crude exports to 247,000 barrels per day and left 38 million barrels stalled at sea.
Why it matters
The Strait of Hormuz is a critical global transit point for energy. Recent US military actions and a naval blockade have disrupted Iranian exports and increased onshore stocks to 67 million barrels. Markets are also monitoring Federal Reserve rate decisions.
What is confirmed
- Nasdaq 100 futures fell more than 1.5%.
- Technology stocks declined worldwide.
- US Energy Secretary Chris Wright stated that an average of 10 million barrels of oil and oil products move through the Strait.
What to watch next
- Confirmation of oil shipment volume increases in the coming weeks
- Federal Reserve rate hike decisions scheduled for next week
confidence 90%Sources used for this update (5)
- www.nytimes.com β The New York Times - Breaking News, US News, World News and Videos
- jen.jiji.com β Anthrax outbreak in Zambia kills wildlife, infects humans
- jen.jiji.com β Formula 1, today Spanish GP: schedule, starting grid and where to watch it
- tass.com β AI concerns, rising oil prices hit global markets β WSJ
- tass.com β Oil shipments via Strait of Hormuz to rise in coming weeks β US Energy Secretary
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Stocks Climb as Oil Slides and US Blockade Chokes Iran Exports
Global stock markets climbed and oil prices slid, with WTI falling roughly 3% and boosting technology sentiment led by Oracle's revenue beat. Markets are pricing in a Federal Reserve rate hike next week and two hikes by year-end. Meanwhile, a US naval blockade has slashed Iranian crude exports down to 247,000 barrels per day. This action has swelled onshore stocks to approximately 67 million barrels and stalled 38 million barrels at sea, tightening supplies across Asia. In Italy, a lucky player claimed a record Superenalotto jackpot exceeding 223 million euros after a draw on September 11.
Why it matters
Energy market volatility follows recent US military strikes in the Strait of Hormuz and subsequent supply fears that initially drove crude prices up nearly 9% for the week. The tightening of Iranian exports via the naval blockade represents an escalation in trade pressure, which directly impacts Asian energy supplies. Meanwhile, broader financial markets reacted positively to falling oil costs and strong tech sector earnings.
What is confirmed
- S&P and Nasdaq climbed over 1% as WTI fell approximately 3%.
- A US naval blockade slashed Iran's crude exports 74% to 247,000 barrels per day.
- Oracle's revenue beat lifted tech sentiment while markets price a Federal Reserve hike next week and two by year-end.
Still unconfirmed
- French police are favoring the hypothesis of a malicious act in the investigation into the train derailment in Normandy.
What to watch next
- Decisions by the Federal Reserve regarding interest rate hikes next week.
- Developments in Asian oil supply and the ongoing US naval blockade of Iranian crude exports.
confidence 95%Sources used for this update (5)
- tass.com β Putin personally invites Egyptian president to Russia-Africa summit in Moscow
- www.briefs.co β Stocks Climb as Oil Slides and Oracle Lifts Tech Sentiment
- www.briefs.co β Iran's Oil Exports Choked as US Naval Blockade Bites, Lifting Asia Prices
- jen.jiji.com β Superenalotto, the 5 euro ticket and the luck tax: what we know about the record win in La Velletta Brianza
- jen.jiji.com β Train derailed in France: police favor sabotage theory
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Oil prices surge on US-Iran hostilities despite diplomatic signals
WTI and Brent crude prices jumped approximately 4% as US military strikes on Iranian tankers fueled supply fears. While prices pulled back following Iranian signals for talks in Oman, crude remains on track for a nearly 9% weekly gain. The market volatility follows US strikes in the Strait of Hormuz and subsequent Iranian retaliation. In response to rising energy costs, Italy's Council of Ministers extended a diesel excise duty cut for seven days to protect consumers from high pump prices.
Why it matters
The conflict centers on US strikes against Iranian oil tankers and increased activity at Pickaxe Mountain near Natanz. These tensions threaten a weakened global supply chain and have already pushed oil to a 15-week high.
What is confirmed
- WTI and Brent crude prices increased by approximately 4%.
- Crude oil is on track for a weekly gain of nearly 9%.
- Italy's Council of Ministers approved a seven-day extension of the excise duty cut on fuels.
Still unconfirmed
- Asian shares showed mixed results.
What to watch next
- Confirmation of diplomatic talks in Oman
- Further reports of activity at Pickaxe Mountain
- Italian government decisions on structural fuel cost interventions
confidence 80%Sources used for this update (6)
- www.briefs.co β Oil Jumps After U.S.-Iran Fighting Escalates
- jen.jiji.com β Kazakhstan, Uzbekistan expand joint tourism
- jen.jiji.com β Fuel prices, Council of Ministers approves 7-day extension of excise duty cut
- www.briefs.co β Trump tells Iran 'not to get cute' as Pickaxe Mountain activity picks up
- www.briefs.co β Oil pulls back on diplomatic hint, still pacing for almost 9% weekly climb
- tass.com β All users of Android devices to gain access to 5G β ministry
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Global oil prices hit $100 per barrel as US and Iran trade strikes
Global oil prices reached $100 per barrel, a 15-week high and the first time the price has hit that level since July. The surge follows US military strikes that destroyed five Iranian oil tankers and subsequent Iranian retaliation. While Asian shares show mixed results, the Australian stock exchange has dropped to a six-week low. Markets are reacting to threats of prolonged disruptions to a weakened supply chain as fighting continues in the Middle East.
Why it matters
The escalation began after Iran fired ballistic missiles at a US warship. This conflict has slowed shipping through the Strait of Hormuz and now includes missile attacks on US assets. Investors are balancing these supply shocks against uncertainty regarding interest rates.
What is confirmed
- Global oil prices reached $100 per barrel.
- US forces destroyed five Iranian oil tankers.
- Oil prices hit their highest level since July.
- Asian shares are mixed.
Still unconfirmed
- Iran targeted a US base in Jordan with missiles overnight.
What to watch next
- Further Iranian missile strikes on US bases
- Official US response to the Jordan base attack
- Changes in interest rate policy affecting cautious investors
confidence 90%Sources used for this update (5)
- apnews.com β Asian shares are mixed as Brent crude approaches $100 a barrel
- www.cnn.com β Global oil prices hit $100 per barrel as Middle East conflict roils markets
- apnews.com β Oil rises past $100 a barrel after the latest wave of Middle East attacks
- www.yahoo.com β Oil hits $100 per barrel as U.S. and Iran launch new attacks
- time.com β Oil Hits $100 a Barrel for First Time Since July as U.S. and Iran Trade Strikes
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US Destroys Five Iranian Oil Tankers After Missile Attack
United States forces destroyed five Iranian crude oil tankers after Iran fired ballistic missiles at a United States warship. Centcom reported that vessel crews evacuated safely and no United States personnel suffered harm during the exchange. The military escalation in the Middle East continues to drive global oil prices higher, following earlier strikes on Iran's oil tanker fleet and ongoing shipping slowdowns through the Strait of Hormuz. Meanwhile, equities markets have responded to the supply disruption, with the Australian stock exchange sinking to a fresh six-week low.
Why it matters
The widening military conflict follows stalled diplomatic negotiations and persistent shipping disruptions through the critical Strait of Hormuz chokepoint. Rising crude prices and higher bond yields have rattled international equities, placing downward pressure on regional indexes. U.S. Central Command confirmed the destruction of the five tankers following the direct missile attack on the naval vessel.
What is confirmed
- United States forces destroyed five Iranian crude oil tankers after Iran fired ballistic missiles at a United States warship, according to Centcom.
- Crews evacuated the targeted tankers and no United States personnel were harmed in the incident.
What to watch next
- Further updates from Centcom on the security situation in the Strait of Hormuz
- Official responses from Iranian officials regarding the destruction of the five oil tankers
- Movements in global crude oil futures and international equity markets
confidence 100%Sources used for this update (5)
- jen.jiji.com β Short-term rentals: open clash between EU, homeowners and tourist platforms
- www.briefs.co β Latin American FX perks up as Brazil polls, hot inflation and oil swings steer the day
- www.briefs.co β U.S. destroys five Iranian oil tankers after missiles target U.S. warship, Centcom says
- jen.jiji.com β Trapani, apartment balcony collapses: woman dies in Mazara del Vallo
- www.afr.com β ASX sinks to fresh six-week low as banks, health stocks tumble
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Oil Prices Hit Six-Week Highs Following US Strikes on Iranian Tankers
Crude oil prices surged to six-week highs on Monday, September 7, 2026, driven by escalating military conflict in the Middle East after United States forces targeted Iran's oil tanker fleet. Brent crude futures settled at US$97.31 a barrel, up US$1.03 or 1.1%, following an earlier peak of US$98.06. US West Texas Intermediate crude traded at US$92.65 a barrel, gaining US$1.17 or 1.3%. The price spike follows stalled diplomatic negotiations, increased shipping slowdowns through the Strait of Hormuz, and threats from Iranian officials targeting regional energy infrastructure in response to American military operations.
Why it matters
The expanded US military campaign against Iranian maritime assets follows Iranian ballistic missile launches toward two American warships. Negotiations between Washington and Tehran have collapsed, leaving intermittent fighting with no clear end in sight as economic pressure mounts on Iran. Goldman Sachs has warned that oil prices could reach US$120 if vessel attacks intensify further.
What is confirmed
- Brent crude futures settled at US$97.31 a barrel on Monday, September 7, 2026, after reaching a peak of US$98.06.
- US West Texas Intermediate crude traded at US$92.65 a barrel, up US$1.17, with an earlier peak of US$93.29.
- Iranian Parliament Speaker Mohammad Baqer Qalibaf stated on Monday that Iran will strike back if its assets are attacked.
- Saudi authorities reported that operations at some energy facilities have been attacked by Yemen's Iran-aligned Houthis.
Still unconfirmed
- Goldman Sachs warns of US$120 oil if vessel attacks intensify.
- Iran plans to announce a new exclusion zone near the Strait of Hormuz and place entering ships on a sanctions list.
What to watch next
- Implementation of Iran's planned exclusion zone near the Strait of Hormuz
- Further shipping disruptions and vessel attacks in the Persian Gulf and Gulf of Oman
- Official responses from the United States and regional allies to Iranian threats against energy infrastructure
confidence 90%Sources used for this update (6)
- www.thehindubusinessline.com β Iran says plans to announce new 'exclusion zone' near Strait of Hormuz
- www.thehindubusinessline.com β India increases coal rail supplies as 58 power plants face low inventories
- jen.jiji.com β Iran energy threats lift oil prices to six-week highs
- www.jns.org β Western Wall Foundation completes pre-holiday removal of prayer notes from holy site
- www.yahoo.com β The American Prison Experiment: A 250-Year History of Good Intentions and Bad Results
- www.theguardian.com β UK pays highest borrowing rate since 1998 as pressure builds on public finances β business live
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US strikes Iranian oil tankers as Iran threatens Hormuz restrictions
The United States has expanded its military campaign in Iran by targeting the nation's oil tanker fleet. US Central Command reports that three Iranian crude-oil tankers were struck near Jask, Kharg Island, and in the Gulf of Oman, leaving two permanently disabled and one unladen vessel inoperable. This escalation follows Iranian ballistic missile launches toward two American warships. In response, Iran intends to declare a restricted zone beyond the Strait of Hormuz, threatening to place ships entering that zone on a sanctions list.
Why it matters
The US is shifting targets from military installations to oil vessels to disrupt the financing of the Iranian regime. This occurs amid a broader economic backdrop of rising US Treasury yields and unexpected job growth. The Strait of Hormuz remains a critical chokepoint for global oil supplies.
What is confirmed
- US Central Command stated three Iranian crude-oil tankers were struck, with two permanently disabled and one unladen vessel rendered inoperable.
- The tanker strikes occurred near Jask, Kharg Island, and in the Gulf of Oman.
- The US operation followed Iranian ballistic missile launches targeting two American warships.
Still unconfirmed
- A fuel tanker crashed and exploded in western Iran, killing 11 people and injuring 7.
What to watch next
- The formal declaration and enforcement of the restricted zone beyond the Strait of Hormuz.
- Further Iranian economic actions or retaliatory attacks described as more painful.
- Official US confirmation of the drone boat attack claimed by the IRGC.
confidence 90%Sources used for this update (5)
- timesofindia.indiatimes.com β US Iran War Live Updates: Fuel tanker crashes, explodes in western Iran; 11 killed, 7 injured
- tucson.com β US strikes three Iranian oil tankers, Central Command says
- www.thetimes.com.au β America takes the oil war directly to Iranβs tanker fleet
- tucson.com β Iran vows economic action, warns of βmore painfulβ attacks
- scanx.trade β Iran to declare Hormuz restricted zone, claims missile test over US ship
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US Stocks Fall as Job Growth and Oil Surge Pressure Markets
US stocks declined Friday following a government report that employers added 162,000 jobs last month. This unexpected job growth increased the likelihood of an interest rate hike, contributing to a rise in Treasury bond yields. The US 10-year Treasury yield reached 4.79 percent this week, marking its highest point since January 2025. These market shifts occur alongside an oil surge and existing geopolitical tensions following US military strikes on Iranian sites in the Strait of Hormuz.
Why it matters
Market volatility stems from a combination of domestic economic data and foreign military conflict. High employment figures often prompt the Federal Reserve to raise rates to combat inflation. Simultaneously, US strikes against Iran threaten the stability of global energy supplies.
What is confirmed
- The US 10-year Treasury yield hit 4.79 percent during the week, the highest level since January 2025.
- Employers unexpectedly added 162,000 jobs last month.
- US stocks fell and Treasury bond yields mostly rose Friday.
What to watch next
- Federal Reserve announcements regarding interest rate hikes
- Further US military actions in the Strait of Hormuz
- Updated oil price data following the surge
confidence 100%Sources used for this update (4)
- www.mcall.com β Lehigh Valley Business News - The Morning Call
- jen.jiji.com β Anak Krakatau ash reaches 15km, Japan rules out tsunami impact
- www.ntd.com β Wall Street Review: Stocks Mixed Amid Oil Surge, Strong Job Growth
- www.gmtoday.com β Stocks fall after a surprisingly strong jobs report raises prospects of an interest rate hike
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Trump adopts dual economic and military strategy against Iran
President Donald Trump has implemented a two-pronged economic and military strategy to pressure an Iranian government that has refused to yield. This shift follows a heavy attack and US strikes on Iranian sites. While the US military investigates claims of civilian casualties at a wedding party, Trump stated the US is prepared to strike Iran anytime. Market reactions are mixed as some reports indicate rising Labor Day gas prices while others note a recent 14 cent drop.
Why it matters
The conflict escalated after attacks on two oil tankers and Iranian drone strikes against US allies in the Gulf. These events ended a month of relative calm. The US is now attempting to squeeze Iran through combined financial and military force.
What is confirmed
- President Donald Trump is using a dual economic and military approach to pressure the Iranian government.
- The US military is investigating allegations that American strikes killed people at a wedding party.
Still unconfirmed
- Labor Day gas prices are at a record high.
- Gas prices are down about 14 cents this week leading into Labor Day weekend.
What to watch next
- Results of the US military investigation into wedding party casualties
- Further US military strikes in the Strait of Hormuz
- Official updates on the economic sanctions portion of the dual-prong strategy
confidence 80%Sources used for this update (6)
- www.yahoo.com β Trump says U.S. prepared to hit Iran "anytime we want" after "very heavy attack"
- www.yahoo.com β Trump turns to a dual economic and military approach in latest attempt to squeeze Iran
- www.abc.net.au β Live markets updates: ASIC grilled over KPMG whistleblower scandal, dollar above 72 US cents
- nonpareilonline.com β Prices at pump continue fluctuating ahead of Labor Day weekend
- www.express.co.uk β RyanAir scraps two million seats and plans price hikes
- www.ttnews.com β Labor Day gas prices are at record high
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US and Iran trade strikes as Wall Street snaps three-day losing streak
US stocks recovered Wednesday as big technology gains and steadying bond yields offset volatility from the US-Iran conflict. The Dow rose 295 points and the S&P 500 gained between 0.1% and 0.6% after a three-day decline. While oil prices remain elevated near $95, markets stabilized following a period of intense pressure. Military activity has escalated with attacks on two oil tankers in the Strait of Hormuz and Iranian drone strikes against US allies in the Gulf, ending a monthlong lull in fighting.
Why it matters
The conflict follows US strikes on Iranian sites, which initially triggered fears of inflation and interest rate hikes. President Trump claims the US has almost total control of the Strait of Hormuz, a critical global oil chokepoint. This escalation occurs alongside a new US deal to develop Venezuelan oil reserves via Chevron.
What is confirmed
- US stocks ended a three-day losing streak on Wednesday.
- The Dow Jones Industrial Average rose 295 points.
- The S&P 500 index rose between 0.1% and 0.6%.
- Oil prices held near $95 per barrel.
- The 10-year Treasury yield pulled back to 4.79%.
- Two oil tankers were attacked in the Strait of Hormuz.
- Iranian drone strikes targeted US allies in the Gulf, including a residential complex.
- President Trump claimed the US has almost total control of the Strait of Hormuz.
Still unconfirmed
- Iran seized a vessel containing 382,000 litres of fuel and detained 11 foreigners.
- President Trump suggested renaming the Strait of Hormuz to the Trump Strait.
- Iranian retaliation was triggered by a US strike on a wedding.
What to watch next
- Further US strikes threatened by President Trump
- Impact of Venezuelan oil reserve development on global prices
- Iranian response to US control of the Strait of Hormuz
confidence 90%Sources used for this update (12)
- www.yahoo.com β Trump says more coming as U.S., Iran trade strikes for first time in weeks
- timesofindia.indiatimes.com β US Iran War Updates: Iran seizes vessel with 382,000 litres of fuel, detains 11 foreigners
- www.mankatofreepress.com β Stocks rise on Wall Street as oil prices, bond yields hold relatively steady
- finance.yahoo.com β Wall Street rises as tech stocks climb and oil prices, bond yields hold relatively steady
- www.mankatofreepress.com β Iran fires on its Gulf neighbors, retaliating for US strikes after a wedding was hit
- www.yahoo.com β The Latest: Chevron expanding in Venezuela as Trump deal claims more oil reserves
- www.1news.co.nz β Trump suggests renaming Strait of Hormuz to 'Trump Strait'
- hdfcsky.com β Dow Rallies 295 Points, Nasdaq Adds 0.45% as Treasury Yields Ease
- tass.com β Press review: Western plan drives Zelenskyβs warning as US, Iran exchange strikes anew
- apnews.com β US futures mostly lower and oil prices climb due to ongoing clashes around Iran
- www.mankatofreepress.com β Wall Street rises as tech stocks climb and oil prices, bond yields hold relatively steady
- tass.com β Russia sees no decline in trade with Iran despite situation around country β Overchuk
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Oil prices rise, stocks fall on US-Iran strikes and inflation fears
US strikes on Iranian sites in the Strait of Hormuz have pushed oil prices up and stocks down, as investors worry about inflation and potential interest rate hikes. The Dow fell 350 points, while Brent crude topped $92 a barrel. Bond yields surged, with 30-year yields hitting 5.25%. Markets are volatile amid increased bets on rate hikes to combat inflation.
Why it matters
The military action between Washington and Tehran has raised concerns about the impact on global oil supplies and inflation. The Federal Reserve's potential interest rate hike this month has also become a focus for investors. Rising bond yields and oil prices have put pressure on stocks.
What is confirmed
- Bond yields surged and stock markets opened lower amid growing concerns that the Fed will raise interest rates this month to combat persistent inflation.
- Oil prices rose over 2% and Brent crude topped $92 a barrel after US forces struck Iranian rocket launchers in the Strait of Hormuz.
- The Dow fell 350 points while the S&P 500 and Nasdaq also declined.
- Rising bond yields are one of the few forces in the world strong enough to get politicians to snap to attention.
Still unconfirmed
- Iran's president says his country is ready to return to the ceasefire deal agreed to with the United States in June so long as Washington follows suit.
What to watch next
- Federal Reserve's interest rate decision
- US-Iran developments in the Strait of Hormuz
- Inflation data release
confidence 85%Sources used for this update (4)
- www.nbcnews.com β Bond yields surge and stocks tumble as inflation fears raise the odds of an interest rate hike
- www.mankatofreepress.com β US military says it's striking targets in Iran, and other Mideast news
- www.twincities.com β Why bond yields are rising and why everyone should care
- www.times-standard.com β Bond sell-off heats up as oil prices continue to rise
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Oil Prices Surge and Stocks Slide Following US Strikes in Strait of Hormuz
Oil prices rose over 2% and Brent crude topped $92 a barrel after US forces struck Iranian rocket launchers in the Strait of Hormuz. The Dow fell 350 points while the S&P 500 and Nasdaq also declined. In Asia, shares skidded or remained mixed as yields stayed high. Market volatility follows the first military action between Washington and Tehran in over a month, coinciding with increased bets on interest rate hikes and 30-year yields hitting 5.25%.
Why it matters
The Strait of Hormuz is a critical transit point for global oil supplies. This escalation follows a period of tension and occurs just as US consumers finished the most expensive August ever at the pump.
What is confirmed
- US forces struck Iranian rocket launchers in the Strait of Hormuz.
- Oil prices rose over 2% following the attacks.
- Brent crude oil prices topped $90 a barrel.
- The Dow fell 350 points.
- The S&P 500 and Nasdaq futures declined.
- This marks the first military action between the US and Iran in over a month.
Still unconfirmed
- Donald Trump is threatening fresh strikes against Iran.
- 30-year yields hit 5.25%.
What to watch next
- Further military responses from Tehran
- Official statements from the US government regarding additional strikes
- Changes in global government bond yields
confidence 95%Sources used for this update (13)
- CNBC β Stock futures are little changed as traders get set to wrap up a winning month: Live updates
- Reuters β Shares skid in Asia as oil, yields stay high
- AP News β Asian shares are mixed and oil prices surge after US strike on Iranian rocket launchers
- Yahoo Finance β Stock market today: Dow, S&P 500, Nasdaq futures fall as US strikes Iran, rate-hike bets jump
- WSJ β Stock Market Today: Futures Slip; Oil Climbs on U.S.-Iran Strikes β Live Updates
- Yahoo β Ahead of Labor Day, Mideast fighting resumes and oil prices surge
- Reuters β Oil rises over 2% as US and Iran resume military attacks
- MarketWatch β Stock Market Today: Dow falls 350 points, S&P 500 and Nasdaq lower as Trump threatens fresh Iran strikes; Brent oil tops $90 and 30-year yields hits 5.25%
- Fortune β Americans just endured the most expensive August ever at the pump. Oil is rising again
- WSJ β Long-Term Global Government Bond Yields Hit Fresh Highs
- www.baltimoresun.com β Oil prices rise and stocks fall after US hits Iranian sites in the Strait of Hormuz
- www.aljazeera.com β Oil prices climb as US, Iranian attacks stoke fears of escalation
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