【US Pre-Market】Middle East Energy Risks Escalate, Brent Nears $100, Oil and Gas Stocks Rally, Novartis Plummets 13%
TradingKey — On Tuesday (September 8) Eastern Time, futures tied to the three major U.S. stock indexes were mixed in pre-market trading. Iran announced that it would implement new restrictions in the Persian Gulf and the Gulf of Oman, while Yemen's Houthi movement attacked Saudi energy facilities, pushing international oil prices higher. Rising energy prices reignited inflation concerns, which, alongside the Japanese yen climbing to its highest level since February, weighed on market risk appetite.
TradingKeyTue, Sep 8