The Trump administration is reportedly considering a proposal for an "oil truce" with Iran. The agreement seeks to establish safe passage routes for oil tankers transiting the Strait of Hormuz, according to Erem News.
Morgan anticipates two interest rate increases by the Federal Reserve this year.
Rising mortgage rates are impeding the recovery of the housing market in the United States. The fixed rate for a 30-year mortgage has exceeded 7%.
At a roundtable held at the Diplomatic Academy, Foreign Minister Sergey Lavrov reaffirmed Russia's position on Ukraine and Europe. He stated that Russia will not suspend its special military operation during ongoing negotiations. Lavrov cautioned that should Europe choose to become involved in the conflict, the situation would escalate into a different war rather than remain a special military operation. He also indicated plans to meet with Senator Marco Rubio on the sidelines of the United Nations General Assembly to discuss and clarify the United States' role in the Ukraine conflict.
⚠️ Ukraine has targeted a Russian refinery, according to President Zelensky, amid ongoing attacks by Russia on Ukraine's energy infrastructure. This incident comes despite former President Trump's announcement of an energy truce, reports BBG.
The Houthis have reaffirmed that navigation through the Bab al-Mandab Strait is safe for all vessels, with the exception of those originating from Saudi Arabia.
Wells Fargo has revised its forecast for the S&P 500, lowering the expected level to 7,700 by the end of 2026, down from the previous estimate of 7,950.
U.S. House Democrats reaffirm their strong support for Ukraine while expressing concerns that the proposed "hellish sanctions" bill targeting Russia and Iran could have unintended negative consequences. Differences over the bill remain unresolved. The legislation is scheduled for a vote later this week, according to Axios.
On September 16, the Russian Ministry of Finance will conduct auctions for the placement of OFZ 26252 and OFZ 26238.
Ahead of the upcoming meeting between President Trump and President Xi, the United States and China are engaged in discussions regarding the potential reduction of tariffs on selected goods, including agricultural products and energy, according to Bloomberg.
Tasnim News Agency has reported that Iran is not pursuing a deal with the United States. The agency dismissed assertions made by former President Trump on Truth Social, emphasizing that Iran has consistently stated it does not intend to engage in negotiations with the U.S. government, which it refers to as a "terrorist" regime.
In Russia, the commercial sale of quantum computers featuring 4, 8, and 10 qubits has commenced, according to IXBT News. The Russian company Quantum Park has announced the launch of its superconducting quantum computer series named SnowDrop. These systems, equipped with processors of 4, 8, and 10 qubits, are intended for scientific institutions, universities, and developers specializing in quantum algorithms.
Ukrainian Member of Parliament Vasilievskaya-Smaglyuk has reported that the national budget funds have been exhausted. Effective immediately, Ukraine will allocate funding exclusively to three areas: social expenditures, public sector employee salaries, and military maintenance.
Ukrainian Member of Parliament Vasilievskaya-Smaglyuk has reported that funds in the national budget have been depleted. Effective immediately, Ukraine will allocate financing exclusively to three sectors: social expenditures, public sector employee salaries, and military maintenance.
📈 U.S. Pending Home Sales for August rose by 0.3% month-over-month, surpassing the expected -0.2% and improving on July's -2.3%.