[MARKET ANALYSIS] Oil prices are mildly firmer after US and Iran conducted tit-for-tat attacks on vessels in Hormuz

Newsquawk StaffOil newsPublished 7 Sept 2026, 02:14 UTC

Newsquawk headlinesUTC

Every headline is on the live feed 20 minutes before this site.

02:10

[MARKET ANALYSIS] T-note futures are flat after whipsawing post-NFP and with US cash markets closed on Monday for holiday

02:09

China unveils a plan to strengthen rural investment and will boost rural revitalization investments to boost agricultural productivity, while it will enhance bond and credit support for qualified agricultural initiatives

01:54

[MARKET ANALYSIS] Oil prices are mildly firmer after US and Iran conducted tit-for-tat attacks on vessels in Hormuz

01:30

Philippines Defence Secretary says China could exploit perceived gaps from US South Korea exercise cuts, adds the US gave Manila definite assurances that commitments remain unchanged

01:30

Australian ANZ-Indeed Job Ads (Aug MM) 2.5% vs. Exp. 2.5% (Prev. 1.9%)

On the Newsquawk feed at 01:54, 20 minutes before this page.

Use the PlatformFree. No signup, no card.

WTI/Brent: WTI Oct'26 +0.5% / Brent Nov'26 +0.3%

Oil prices mildly gained after the US and Iran conducted tit-for-tat attacks on vessels during the weekend, but with upside capped as it was also reported that Iran's top security official Rezaei said Tehran will declare a restricted zone near the Strait of Hormuz and announce a new shipping route agreed on with Oman in the coming days and weeks.

Gold: -0.4%

Retested the USD 4,400/oz level to the downside following last week's stronger-than-expected US jobs data, which supports the case for the Fed to hike rates this month.

Copper: -0.4%

Price action is choppy in range-bound trade as participants reflect on the recent key market themes including US data, Fed rate expectations and ongoing geopolitical tensions.

Newsquawk Daily

Get both market opens in your inbox.

FX · last 90 days

Recent headlines that moved markets

FX/8 Oct · 08:30 UTC

Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.

DXY, after we published+0.1%

FX/5 Oct · 11:16 UTC

Japan's GPIF didn't discuss allocation at its September meeting, Bloomberg reports.

Market, after we published+0.1%

FX/29 Sept · 18:00 UTC

Fed's Williams (voter) says sees no need for urgency after Sept rate hike.

- DXY, after we published−0.2%

FX/29 Sept · 05:32 UTC

[PRESS CONFERENCE] RBA Governor Bullock says inflationary pressures to last longer than expected; inflation is driven by domestic capacity pressures; Board will raise rates again if needed.

AUD/USD, after we published−0.6%

FX/28 Sept · 07:56 UTC

Japanese FX Official Mimura says they are closely watching to see if markets take the clear message they are giving at face value. Not satisfied with or reassured by recent JPY action.

Following the commentary USD/JPY, after we published−0.5%

FX/24 Sept · 07:30 UTC

Swiss SNB Interest Rate Decision 0.00% vs. Exp. 0% (Prev. 0.00%); Willing to be active in the foreign exchange market as necessary to ensure appropriate monetary conditions (prev. "increased willingness").

Market, after we published+0.6%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Make Newsquawk a preferred source on GoogleSelect this to see Newsquawk more often in Top Stories when you search Google.

Free.

No signup, no card.

Use the Platform

Related headlines

The feed had this first.

Use the Platform