Saudi Arabia's available oil reserves are rapidly diminishing due to a blockade by Yemeni Houthis in the Red Sea, the closure of the Strait of Hormuz, damage to refineries and the critical East-West pipeline, as well as continued attacks on Saudi Aramco's infrastructure, according to analysts.
Speculators have established a net long position on the Japanese yen for the first time since February, according to a report by Reuters.
Russia has commenced a constructive dialogue with Ethiopia concerning the supply of fertilizers, according to Agriculture Minister Oksana Lut, as reported by VESTI.
⚠️🇷🇺 Trading Update: Effective September 14, the main trading session for equities, derivatives, currency, and precious metals on the Moscow Exchange will begin at 9:00 MSK. This adjustment extends the main trading session by one hour, resulting in a total duration of 10 hours. For further information, please refer to the provided link.
French President Emmanuel Macron's approval rating has declined to a record low of 16%, according to La Tribune.
⚠️🇩🇪 German auto components manufacturer Prinz & Co. Stahlrohre has declared bankruptcy after 130 years of operation, according to a report by Bild.
Former President Donald Trump suggested that the United States may withdraw from Iran unless a decision is made to maintain a presence and possibly assume control of the nation's oil resources, drawing a comparison to previous actions in Venezuela.
House Speaker Johnson stated that slowing artificial intelligence development could cause the United States to fall behind China, responding to Anthropic's proposal to decelerate AI growth.
At a BRICS+ meeting, Xi Jinping called on countries in the Global South to reform and strengthen the international financial architecture.
Goldman Sachs and Citibank anticipate a Federal Reserve rate increase at the September 16 meeting. Market participants estimate that the probability of a rate hike next week has surpassed 86%, according to CME FedWatch data. In the lead-up to the FOMC meeting, former President Trump reiterated his position that the United States should maintain the lowest interest rates globally.
Regional talks originally scheduled for September 14 in Oman, involving Iran, Iraq, and other neighboring countries to discuss secure commercial shipping routes in the Strait of Hormuz, have been postponed in the interest of reaching a consensus.
During a meeting with Republican leadership in Dublin, Donald Trump addressed the issue of Irish unification and announced intentions to remove U.S. tariffs on Irish whiskey. Previously, Trump had expressed support for Argentina's claim over the Falkland Islands, which is contested by Britain. Analysts interpret these developments as a notable shift in U.S. policy concerning the United Kingdom. According to The Telegraph, representatives from Scotland, Wales, and Northern Ireland are scheduled to discuss the possibility of leaving the UK on September 14.