US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Gold Prices Rise as Yen Rally Weakens Dollar 
UK House Prices Fall for First Time Since 2023 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
South Korea GDP Surges on Chip and AI Boom 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
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Oil prices fell over 1% on Monday after U.S. President Donald Trump urged OPEC to reduce oil prices to pressure Russia amid the ongoing Ukraine war. Brent crude dropped 1.11% to $77.63 a barrel, while U.S. West Texas Intermediate (WTI) declined 1.19% to $73.77.
Trump reiterated his demand for OPEC to lower prices, arguing it would hurt Russia’s revenues and help end the conflict in Ukraine. He threatened sanctions and tariffs on Russia and OPEC countries if a resolution isn't reached. Russian President Vladimir Putin expressed willingness to discuss oil prices and the war with Trump.
OPEC and its allies, including Russia, have not formally responded to Trump’s comments, maintaining plans to raise output starting in April. Despite recent price declines, analysts believe Russian production will remain stable. Goldman Sachs noted higher shipping rates and discounts on Russian oil continue to attract buyers, mitigating sanctions' impact.
JP Morgan analysts highlighted risks, with nearly 20% of the global Aframax fleet affected by sanctions, suggesting a cautious approach to future price projections.
Additional trade disruptions loom as Trump announced retaliatory tariffs and sanctions on Colombia, the largest exporter of crude to the U.S., after it blocked two U.S. military deportation flights. Colombia accounted for 183,000 barrels per day of U.S. seaborne imports in 2024, comprising 41% of its total exports.
The Energy Information Administration reported the U.S. imported 228,000 barrels per day of Colombian crude and related products in 2023. As tensions escalate, the energy market faces continued volatility and uncertainty.
