Indian Stocks Fall as RBI Hikes Rates to 5.50% 
European Stocks Fall as Oil Rises Ahead of Fed Minutes 
US Dollar Hits 18-Month High as Fed Signals More Rate Hikes 
Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households 
Fed Minutes Signal Another Rate Hike by Year-End 
Asian Currencies Mixed as Yen Weakens, Dollar Holds Firm 
Gold Prices Fall as Stronger Dollar Weighs on Bullion 
US-Led Coalition Targets Global Factory Overcapacity 
Wall Street Falls as Fed Minutes Signal Another Rate Hike 
Asian Currencies Steady as Dollar Holds Near 18-Month High 
Crypto Market Selloff Wipes Out $100B as Bitcoin Falls Below $83K 
Gold Prices Rise as Dollar Weakens, Treasury Yields Ease 
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Iran Tanker Attacks Surge as Hormuz Oil Flows Near Prewar Levels 
Japan Real Wages Rise 1.5%, Supporting BOJ Rate Hikes 
Samsung, SK Hynix Shares Fall Ahead of Q3 Earnings 
Dollar Retreats From 18-Month High as Euro Rebounds 
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Oil prices climbed in volatile trading Wednesday as renewed Middle East supply concerns outweighed pressure from plans to accelerate releases from global emergency reserves.
Brent crude futures for December rose 0.7% to $100.91 a barrel by 15:41 ET, while November West Texas Intermediate (WTI) crude gained 0.7% to $88.86.
Crude prices initially advanced as attacks on vessels in the Strait of Hormuz increased and fighting intensified between Iran-backed Houthis and Yemen’s Saudi-backed government. The market remains caught between improving regional oil flows and persistent risks of fresh disruptions.
Brent had dropped to $97.06 on Tuesday before recovering above $100 after UK Maritime Trade Operations data showed increased Iranian attacks on ships traveling through the Strait of Hormuz. Iranian state media also reported Wednesday that the strategic waterway would remain closed until Tehran’s demands were met.
Additional supply concerns emerged from a potentially major Atlantic storm approaching U.S. energy-producing regions. Forecasters said the system could become the first Atlantic hurricane of 2026 and potentially threaten areas responsible for about 15% of U.S. crude oil production and 5% of natural gas output.
However, oil prices pared gains after International Energy Agency members agreed to accelerate the release of emergency stocks. The IEA said completing a previously announced 400-million-barrel release could bring around 100 million barrels to the market.
The agency said its members still hold approximately 1.1 billion barrels of publicly controlled emergency oil inventories, including more than 200 million barrels of diesel. France separately announced plans to release 10 million barrels of diesel as refined fuel prices remain elevated globally.
Supporting crude prices, U.S. commercial oil inventories excluding the Strategic Petroleum Reserve unexpectedly fell by 3.2 million barrels during the week ended October 2 to 424.1 million barrels. Analysts had expected a 1.9-million-barrel increase.
Total U.S. inventories, including the SPR, declined by 4 million barrels to 707.1 million, their lowest level since December 1983. Strategic Petroleum Reserve stocks fell by 800,000 barrels to 283 million barrels.
