[MARKET UPDATE] Crude benchmarks continue to climb, whilst pressure is seen across fixed paper and equity futures amidst turbulent geopolitical updates
Newsquawk Staff ·
- Brent Sept'26 now at fresh session highs USD 79.25/bbl, +1.5%.
- XAU/USD has moved lower to make a session low of USD 4,093/oz.
- NQ was initially firmer by c. 0.6%, and pared off best levels.
- Explosions were reportedly heard in Iran's port city of Sirik, with claims that US forces struck an anti-ship missile launcher targeting vessels in the Strait of Hormuz, Israel's Channel 12 reports
- US Market Wrap: Stocks gain as tech earnings begin
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.67 LOWER AT 97.15/BBL; BRENT (X6) SETTLES USD 0.03 HIGHER AT USD 108.82/BBL
- [MARKET UPDATE] Risk-on trade seen at 12:39EDT/17:39BST with desks citing OFAC authorising offloading of some cargo involving some blocked vessels; Downside in oil, equity futures hit new session highs, gold and bonds rallied, while USD saw pressure
- Houthis target Saudi-backed forces in Marib, Sabereen reports
Related headlines
- US military is reducing troop presence at bases across the Middle East, while the State Department is ordering further staff reductions at diplomatic posts amid regional threats and potential US military action against Iran, NBC News reports1 hour ago
- Iran threatens to target US political figures if strikes resume, Fars News reports1 hour ago
- US President Trump says on embassy staff told to depart, says don't know that they are; we continue to beat Iran2 hours ago
- US waives Russian diesel tax record requirements for buyers2 hours ago
- In the past few hours, there has apparently been a change in the American position in favour of a pre-emptive strike on Iran, according to a Haaretz correspondent, citing White House sources2 hours ago
- US President Trump says closest they've ever been to settling Ukraine/Russia war3 hours ago
- Two people killed in drone attack on oil wells in Al-Shaybah, reports Fars3 hours ago
- Saudi's Energy Ministry says air defences intercept drone attempting to target the facility at Aramco's Shaybah oil field3 hours ago
- Oil tanker being targeted near Iraqi territorial waters, reports Sabren News3 hours ago
- A few minutes ago, several explosions were heard from Sirik, Iran; the origin and nature of these sounds are still unknown, Fars reports3 hours ago
- Ukrainian President Zelensky says supports US proposal for trilateral talks at level of negotiators as soon as possible; Ukraine hopes for meeting not later than early November; Meeting could discuss peace and possible leaders’ summit3 hours ago
- Yemeni sources say Houthis launched a drone attack near Al-Dhaba oil port in Al-Shihr, Hadramawt, Sky News Arabia reports5 hours ago
- Several explosions in southern Saudi Arabia, reports SNN citing Arabic sources5 hours ago
- Israeli helicopters flying in the sky of southern Syria, and continued transfer of military forces, equipment and deployment of early warning systems, are being carried out within the framework of preparation for a possible war with Iran, reports Mizan6 hours ago
- Egyptian President says Egypt’s military involvement is strictly for defence of Saudi Arabia and does not entail an offensive against Yemen6 hours ago