Geopolitics

Brent crude surged past $100 a barrel for the first time in weeks after US forces struck Iranian tankers, sending diesel to record highs and reviving Fed rate-hike fears.

Treasury Secretary Scott Bessent announced fresh sanctions on 36 entities tied to Iran’s aviation sector as part of Operation Economic Outcast, warning global firms of being cut off from the financial system.

U.S. stock futures dropped on the first trading day after Labor Day as Houthi strikes on Saudi Arabia pushed oil toward $100 a barrel and Canada’s retaliatory tariffs took effect.

Iran claims a strike on a US vessel near the Strait of Hormuz as new data shows the conflict has already cost US consumers $100 billion and cut Gulf shipping 28%.

Oil prices extend gains after US and Iran trade strikes near the Strait of Hormuz, while former defense secretary Leon Panetta warns the conflict could drag on for six more months.

Explosions near Iran’s Kharg Island, Trump’s warning on striking Iran’s Pickaxe Mountain site, and fresh US-Canada tariff friction are colliding to stoke fresh volatility risk across oil and defense markets.

President Trump defended VP JD Vance’s refusal to call the six-month US-Iran conflict a ‘war’, as the campaign’s cost tops $37.5 billion and 18 US service members killed.

The Trump administration escalates sanctions and strikes against Iran as the EU joins Operation Economic Outcast, with oil shipping through the Strait of Hormuz under renewed pressure.

Xi Jinping’s rare Cairo visit produced a new Suez Canal industrial zone agreement as the six-month US-Iran conflict continues to disrupt regional shipping.

Brent crude jumps toward $95 a barrel after fresh US-Iran strikes reignite a six-month conflict, while Trump aides reportedly aim to contain the war before midterms.