โ ๏ธ๐ฎ๐ท Schools in Riyadh have shifted to online learning for a week due to attacks by Houthi forces, according to AFP. In the past two days, Iranian armed forces have targeted 19 vessels in the Strait of Hormuz, as reported by FARS.
๐จ President of Kazakhstan, Tokayev, stated that the Kazakhstan army is stuck in the past century and is in need of major reforms.
๐จ๐ฎ๐ท๐ฆ๐ช Israeli Prime Minister Benjamin Netanyahu made a secret visit to Abu Dhabi for a meeting with the President of the UAE, according to AXIOS.
๐ซ๐ข Global markets are facing an unprecedented decline in diesel supply. Between March and August 2026, diesel shipments from the Middle East fell by an average of 835,000 barrels per day compared to the same period in 2025, while Russian diesel supplies decreased by 377,000 barrels per day, according to Vortexa. Kpler estimates the figures at 750,000 and 361,000 respectively. Energy Aspects also concurs. Overall, the loss in diesel supply amounts to approximately 1.1 million barrels per day, exacerbating the crisis in the global diesel market, analysts warn.
๐จ๐ข๐บ๐ธ๐บ๐ฆ Former President Donald Trump revealed that he spoke with Ukrainian President Volodymyr Zelensky, urging him to "scale back" attacks on Russian oil refineries. Trump attributed the diesel shortage to Ukraine's strikes on these facilities. He noted that the U.S. is seriously considering a ban on diesel fuel exports, which could lead to a slight increase in gasoline prices. Zelensky indicated that Ukraine might be able to "scale back" its attacks on Russian refineries.
โ ๏ธ๐บ๐ธ๐ฎ๐ท Trump stated that the U.S. will win the military and economic war with Iran, asserting that the conflict will end "soon" and oil prices will decline. He did not provide an answer regarding the potential resumption of strikes against Iran before the midterm elections.
๐ฌ Todayโs calendar highlights include potential indirect talks between the US and Iran, as reported by Axios referencing Trump. The Vatican envoy is in Russia for discussions on humanitarian aspects of the Ukraine resolution. Japan's central bank minutes will be released at 02:50 Moscow time, followed by Chinaโs industrial profits at 04:30. ECB President Lagarde speaks at 16:30, and the Dallas Fed Manufacturing Business Index is set for 17:30. Trump will make a statement on AI at the White House. Additionally, VSEH will review the acquisition of shares in AllTools.ru, and itโs the last day for dividends on OZPH. SpaceX plans its first orbital flight of the Starship lunar rocket.
๐จ Iran has no plans for a new round of talks with the U.S. in New York, according to IRNA. The Iranian Foreign Minister reiterated that the U.S. must fulfill the conditions of a memorandum to open the Strait of Hormuz. Over the weekend, AXIOS reported, citing Trump, that indirect negotiations between the U.S. and Iran would take place today.
๐จ Japan's Central Bank Meeting Highlights:
- Inflation expectations are rising among both the public and businesses.
- A surge in inflation is anticipated by the end of the year.
- The Central Bank must be prepared to respond.
- Inflation expectations are rising among both the public and businesses.
- A surge in inflation is anticipated by the end of the year.
- The Central Bank must be prepared to respond.
๐ The SP500 is trading at historically high levels, but many analysts are pointing to "internal" weaknesses in the market. An increasing number of stocks within the index are trading below their 50-, 100-, and 200-day moving averages. Despite this ongoing situation, the SP500 continues to rise. Former President Trump has repeatedly stated that the stock market will keep growing.
๐ธ๐ฆ๐บ๐ธ The Foreign Minister of Saudi Arabia has arrived in Washington for a meeting with his American counterpart.