TradingKey - On September 9, Brent crude futures broke above $100 per barrel intraday, crossing the threshold for the first time since July 24. As the military conflict between the U.S. and Iran continues to escalate, market concerns over potential severe disruptions to Persian Gulf crude exports and shipping through the Strait of Hormuz have driven a rapid rise in oil risk premiums.

TradingKey4 hours ago

US-Iran Tensions Escalate Again as Brent Crude Nears $100

TradingKey - As of early Asian trading on September 9, international oil prices continued to trend higher. Brent crude (UKOIL) touched an intraday high of $99.67, standing just shy of the $100 mark, while WTI crude (USOIL) rose to a high of $94.78. Brent crude has accumulated a gain of over 9% in September, primarily driven by the further escalation of the U.S.-Iran military conflict and rising risks to Middle East oil supply.

TradingKey11 hours ago

Kospi Drops Below 7,000, Nikkei Slumps 1.7%; Kioxia, Samsung and SK Hynix Retreat From Highs as SoftBank Surges Over 5%

Surging oil prices triggered a market plunge, with the KOSPI surrendering early gains to fall below the 7,000-point mark and the Nikkei dropping 1.7%. Kioxia fell more than 3%, while SoftBank bucked the trend to surge 5%.

TradingKeyTue, Sep 8

WTI Crude Oil Price Forecast: Could Oil Return Above $100 as US-Iran Conflict Escalates Further?

TradingKey - As of the Asian session on September 8, WTI crude oil prices (USOIL) continued to fluctuate at elevated levels, with the latest price trading near $92.30, up 1.2% intraday, after touching a nearly two-month high of $93.29. Over the past week, WTI has gained nearly 10% cumulatively. The reignited US-Iran conflict, shipping restrictions in the Strait of Hormuz, and OPEC+ pausing further production increases have combined to provide sustained upward momentum for oil prices.

TradingKeyTue, Sep 8

Today’s Market Recap: Brent Crude Nears $100, Gold and Bitcoin Under Pressure as US-Iran Conflict Escalates

TradingKey - On September 7, Eastern Time, U.S. financial markets were closed for Labor Day, leaving global trading relatively light. However, the escalating U.S.-Iran conflict pushed international oil prices to a six-week high, reigniting market concerns over energy inflation and monetary policy ti

TradingKeyTue, Sep 8

Crude Oil Price Forecast: Escalating US-Iran Tanker Attacks and Strait of Hormuz Risks Push Brent to $120?

TradingKey - International oil prices continued to rise on Monday, extending the strong performance from the previous week.

TradingKeyMon, Sep 7

Escalating US-Iran Conflict Drives Up Oil Prices, WTI Returns Above $90, Gold Falls Near $4,300

TradingKey - As of the Asian trading session on September 2, international oil prices rose sharply, with WTI crude (USOIL) reclaiming $90 and Brent crude (UKOIL) surging above $95 to hit a high of $97.04. Meanwhile, gold prices (XAUUSD) continued to slide, with spot gold dropping to around $4,300. The further escalation of the US-Iran conflict drove up energy prices and global bond yields, becoming the primary trading driver in the commodities market.

TradingKeyWed, Sep 2

Today’s Market Recap: Nasdaq Drops Over 1%, Dell Surges 8% After Hours, WTI Crude Tops $90 as US-Iran Conflict Escalates

TradingKey - On September 1 ET, the three major US stock indices closed lower across the board, with the Nasdaq falling by over 1%. The US launched another airstrike against Iran, further escalating the US-Iran military conflict, which pushed international oil prices sharply higher and drove US Trea

TradingKeyWed, Sep 2

Today’s Market Recap: Brent Crude Tops $90 as US-Iran Conflict Escalates Again, Pressuring US Stocks and Gold

TradingKey - On August 31, US Eastern Time, the three major US stock indexes closed lower across the board, with the Dow posting a relatively pronounced decline. The re-escalation of the US-Iran military conflict over the weekend pushed international oil prices back above $90, rekindling market conc

TradingKeyTue, Sep 1

【US Pre-Market】US-Iran Conflict Pushes Brent to $90, Warsh's Hawkish Remarks Weigh on Sentiment, Memory Chip Stocks Broadly Fall

TradingKey - Futures on the three major US stock indices fell in pre-market trading on Monday (August 31) Eastern Time. Investors weighed hawkish remarks by Federal Reserve Chair Kevin Warsh at the Jackson Hole Economic Symposium, while a re-escalation of the US-Iran conflict drove international oil prices sharply higher, complicating the outlook for inflation and interest rates and keeping overall market sentiment cautious.

TradingKeyMon, Aug 31

...