Geopolitics Netanyahu Targets Mamdani in Fiery UN Speech, Denies Gaza Genocide Netanyahu used his UN General Assembly address to directly attack NYC Mayor Zohran Mamdani over genocide accusations, insisting Israel prevented genocide rather than committed it. Mamdani fired back, calling the speech baseless lies.
Politics Senate Blocks Iran War Powers Resolution in 49-50 Vote The Senate narrowly rejected a war powers resolution to end U.S. military action against Iran in a 49-50 vote, keeping the conflict, and its market impact on oil and defense names, in play.
Geopolitics Trump: US Will Strike Iran Deal Right After Midterm Elections Trump told the UN General Assembly he expects a US-Iran deal right after the November midterm elections, even as talks quietly resumed in New York and energy prices stay elevated.
energy Rubio: Diesel Would Be $18 a Gallon If Not for Trump Marco Rubio said diesel would hit $18 a gallon without Trump, as US diesel prints a record $6.53 average and Washington debates an export ban.
energy Trump Weighs Diesel Export Ban as Prices Hit Record $6.53/Gal Treasury Secretary Scott Bessent says the Trump administration is examining a full or partial diesel export ban as US diesel prices hit a record $6.53 per gallon. Trump backs the idea; analysts warn it could backfire.
energy JPMorgan Oil Team Abandons Iran War Forecast as Redlines Fall JPMorgan’s commodities team says it no longer has a baseline view for oil as the Iran war blows past its economic redlines, with Brent near $105 and diesel at record highs.
energy US Diesel Hits Record $6.50 a Gallon as Fuel Crunch Deepens US diesel prices hit an all-time high above $6.50 per gallon, per AAA, up nearly $1 in four weeks as war with Iran and Strait of Hormuz disruptions tighten global fuel supply.
energy Trump Calls Rising Gas Prices ‘Inexpensive Price to Pay’ for Iran War Trump called surging gas prices an ‘inexpensive price to pay’ for the Iran war as the national average hit $4.48. Analysts say they can’t model the endgame.
energy GOP Weighs U.S. Diesel Export Ban as Prices Hit Record $6.51 Republican lawmakers including Sen. Chuck Grassley and Rep. Tim Burchett are pushing for a U.S. diesel export ban as pump prices hit a record $6.51 per gallon. Refiners and integrated energy names are in focus.
Geopolitics Bessent: All Iranian Airlines to Be Shut Down Worldwide on Sept. 23 Treasury Secretary Scott Bessent said all Iranian airlines will be shut down worldwide on Sept. 23 as US secondary sanctions target fuel, landing, and ticketing services for any foreign firm still serving Iran’s carriers.
Geopolitics US Warns Americans in 9 Mideast Countries as Saudi-Houthi Fight May ‘Escalate Rapidly’ The US State Department urged Americans in nine Middle East countries to exercise heightened caution, warning that Houthi-Saudi fighting could escalate rapidly and disrupt travel, shipping, and energy flows.
Geopolitics Pentagon undercounting US troop deaths in Iran war, per WaPo The Washington Post reports the Pentagon has undercounted US service member deaths in the Iran war, with officials citing at least 22 fatalities versus the 18 in the public DCAS database.
Markets Airlines Trim Capacity as Jet Fuel Prices Spike: LUV, AAL, UAL American, United, and Southwest are trimming flight capacity as a jet fuel price surge hits Q4 costs and reshapes 2026 growth plans, with Southwest halving its planned capacity expansion.
Markets United Airlines to Cancel December Flights as Fuel Costs Bite United Airlines will cancel some December flights, with CFO Michael Leskinen citing high fuel costs and thin route margins. Further cuts could extend into early 2027.
energy Saudi Aramco Tells European Refiners: No Crude Next Month Saudi Aramco told European refiners they will receive no crude next month after the East-West pipeline was hit by drones. Term customers are scrambling for replacement barrels.
energy Diesel Pushes Further Above $6 Per Gallon as Iran War Squeezes Supply US diesel has pushed further above $6 per gallon, hitting a $6.31 national average as Iran war supply disruptions ripple through freight, agriculture, and consumer prices.
energy US Strategic Petroleum Reserve Hits Lowest Level Since 1982 The US Strategic Petroleum Reserve fell to 285.4 million barrels, its lowest level since November 1982, as drawdowns tied to the Iran conflict continue and crude prices push back above $100.
Geopolitics Iran: Strait of Hormuz Stays Shut Until Trump, Netanyahu Are Out An adviser to Iran’s Supreme Leader says the Strait of Hormuz stays closed until Trump and Netanyahu are removed from power, keeping a bid under the oil risk premium.
energy Some Gas Stations 'Out of Diesel' as Prices Surge Past $6 Diesel has crossed $6 a gallon nationally with isolated 'out of diesel' signs appearing at stations. Refinery outages and Strait of Hormuz disruption are driving the squeeze.
Geopolitics Iranian Drone and Missile Strike US-Contracted Vessel Near Strait of Hormuz A US-contracted vessel was hit by an Iranian drone and missile attack near the Strait of Hormuz, per Fox News. Crude, defense, and tanker names back in focus.
energy Energy Sec. Wright: Want Lower Gas Prices? Drive Less Energy Secretary Chris Wright says gas prices should ease after Labor Day as summer driving demand fades, even as the national average sits at a record $4.14 amid the Iran war.
Macro Canada Slashes Business Investment Tax Rate to 6.4%, Lowest in G7 Canada is cutting its marginal effective tax rate on new business investment from 13% to 6.4% via a new Productivity Mega Deduction, the lowest in the G7 and less than half the US rate of 16.9%.
energy Saudi Arabia Cuts Oil Shipments to Europe After Pipeline Attack Saudi Arabia cut oil shipments to Europe after drone attacks shut its East-West pipeline, cancelling September cargoes and pushing dated Brent above $120/bbl as buyers like Poland's Orlen hunt alternatives.
Geopolitics Iran Denies Trump's Claim It Wants a Quick Deal With the US Iran's Tasnim News denied Trump's claim that Tehran wants a quick deal with the US, keeping the door open to further escalation around the Strait of Hormuz.
energy Costco Rations Motor Oil as Iran War Squeezes Global Lubricant Supply Costco is rationing Kirkland motor oil to two units per member every seven days as the Iran war and Strait of Hormuz disruptions squeeze the global lubricant supply chain and push prices sharply higher.
