CRUDE WRAP: WTI (M6) SETTLES USD 2.65 HIGHER AT 98.07/BBL; BRENT (N6) SETTLES USD 2.92 HIGHER AT 104.21/BBL
The uptick in crude prices signals a market reaction to heightened geopolitical tensions stemming from U.S.-Iran relations.
Massive fire and heavy smoke reported at HF Sinclair (DINO) refinery in Oklahoma, via Local Media
Coinbase (COIN) CEO Armstrong is scheduled to speak at the Senate GOP Steering lunch on Wednesday, according to Punchbowl citing sources
CRUDE WRAP: WTI (M6) SETTLES USD 2.65 HIGHER AT 98.07/BBL; BRENT (N6) SETTLES USD 2.92 HIGHER AT 104.21/BBL
South African President Ramaphosa says he is not stepping down
Iran official Ghalibaf says "Our armed forces are ready to respond in a lesson-based manner to any aggression... We are open to all options"
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
The crude complex was firmer to start the week, albeit settled off highs, as Trump called Iran's response to the peace plan "totally unacceptable". The main weekend update came as the US President responded to the Iran peace proposal, with further updates coming through the day on Monday. On that, Trump is meeting with his national security team today to discuss the way forward in the Iran war, including possibly resuming military action, after negotiations with the country deadlocked on Sunday, three US officials said via Axios. Within these source reports, they added Trump is leaning toward taking some form of military action against Iran to increase pressure on the regime and force concessions on its nuclear program. Regarding a possible timeline, Trump is expected to leave for China on Wednesday and return Friday, and two officials said they don't think Trump would order military action against Iran before he returns from China. Note, these sources came after Trump said the ceasefire is unbelievably weak and is on life support. Elsewhere, and from Iran, it has reportedly deployed deep-roaming submarines in the Strait of Hormuz, while Iran's Ghalibaf said their armed forces are ready to respond in a lesson-based manner to any aggression, and are open to all options. WTI traded between USD 96.13-100.37/bbl and Brent USD 102.81-105.99/bbl.
Trump's remarks and the possibility of increased military action could weigh on supply concerns, particularly given Iran's naval maneuvers in the Strait of Hormuz, a critical oil passage. This environment suggests potential volatility in oil prices as further developments unfold.
Related headlines
- Newsqawk European Market Wrap - 9th September 20261 hour ago
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 1 hour ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports3 hours ago
- [MARKET UPDATE]: Yields rise, supporting the Dollar, weighing on stocks and spot gold after US Treasury announces it will buy a maximum USD 6bln in 10-20yr liquidity support buyback op. on Thursday31 min ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture4 hours ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports3 hours ago
- Silver Lake is reportedly to merge Cegid and Silae to form a European Co. selling accounting, HR and enterprise services, FT reports citing sources5 hours ago
- Analog Devices (ADI) and Alif Semiconductor today announced a definitive agreement under which ADI will acquire Alif in an all-cash transaction for USD 1.35bln3 hours ago
- US Quarterly Services Survey (Q2 2026): +3% to USD 6,418.7bln1 hour ago
- Alcoa (AA) files to sell USD 2.6bln senior unsecured notes due 2034 and 2036 with the funds to finance the South32 deal3 hours ago
- Newsquawk Daily US Equity Opening News: DOW weighs exit from $20b Saudi chemicals venture; GOOG to invest $15bln in Finnish AI infrastructure2 hours ago
- Pakistan is reportedly considering strikes against Houthi targets in Yemen under the “Makkah Pact” defense framework with Saudi Arabia and Turkey, Kann's Kais reports; strikes may begin in the coming days and will be announced immediately after1 hour ago
- US official says in total, in the past week, the US has attacked and destroyed 10 Iranian oil tankers, i24 news reports3 hours ago
- Arabic sources reported intense clashes between mercenaries affiliated with Saudi Arabia and the UAE, reportedly following successive defeats by Houthi forces on various fronts in Yemen, SNN reports3 hours ago
- There are signs the US is working to devise some means of striking Iran's nuclear sites, CNN reports3 hours ago
- Iran launched a drone at a tanker near Iraq, and at a tanker near the Emirates, reports i24's Stein4 hours ago
- IRGC official warns that further US aggression against Iran could trigger more unprecedented Iranian responses, IRNA reports5 hours ago
- Iran’s Foreign Ministry condemns US attacks on Iranian vessels and says Tehran’s strikes on US military bases and interception of American vessels constitute legitimate self-defence under international law5 hours ago
- Two port officials say a Panama-flagged tanker carrying 2mln barrels of Iraqi fuel oil was hit by a drone in Iraqi territorial waters; tanker is named "New Andros", and no casualties were reported5 hours ago
- Oil loading have resumed at the CPC terminal after drone attacks on Tuesday, according to the Kazakh Energy Ministry1 hour ago
The whole workspace, free to try.
Try it free