Asian Stocks Fall as Oil Tops $100, Yields Rise 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Asian Currencies Steady as Yen Holds Firm, Oil Tops $100 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Fitch Eyes Japan Budget for Fiscal Discipline 
Gold Prices Rise as Yen Rally Weakens Dollar 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
China Inflation Accelerates in August as CPI, PPI Rise 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
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Oil Prices Fall After Reaching One-Month Highs
Oil prices dipped in Asian trading on Tuesday, retracting from the one-month highs achieved last week due to heightened concerns over the Middle East conflict. Traders initiated profit-taking, pushing down Brent crude futures for December by 0.6% to $80.42 a barrel and West Texas Intermediate (WTI) crude futures by 0.6% to $76.04.
Dollar Strength Limits Oil Gains
Further gains were tempered by a stronger U.S. dollar, which was buoyed by expectations of fewer U.S. interest rate cuts. A strong dollar typically makes oil more expensive for holders of other currencies, limiting demand.
Hurricane Milton Poses Limited Supply Disruption
Hurricane Milton, the second major storm to hit the U.S. this month, has raised concerns about possible disruptions to oil production. While the hurricane is projected to avoid significant Gulf of Mexico oil infrastructure, some regional ports may impose restrictions, potentially delaying oil shipments.
Middle East Tensions Continue to Drive Market Anxiety
The ongoing conflict in the Middle East remains a key factor influencing oil prices. Intensified fighting between Israel and Hezbollah, alongside Iran’s involvement, has raised fears of broader regional escalation. The potential for supply disruptions from key oil-producing regions, particularly if Israel targets Iran’s oil facilities, remains a looming threat.
China's Market Reopening and Stimulus Measures
The reopening of Chinese markets, following a week-long holiday, is also being watched closely by oil traders. China, the world’s largest oil importer, recently announced major stimulus measures, which could boost oil demand and influence global prices.
