25/09/2026
Oil prices are surging and tensions are rising on multiple fronts todayπ,
π’οΈ Brent crude jumped 3.4% to $106.60 a barrel, while WTI crude gained 2.7% to $94.61, driven by Houthi attacks and growing fears of US Iran escalation
Iran's President Pezeshkian slammed the US as a terrorist state in his UN speech, while still extolling the value of diplomacy, a sharp contrast that's keeping markets on edge. In a surprising statement, Canadian PM Mark Carney said his government has considered the remote possibility of a US military attack on Canada, calling it irresponsible not to prepare for such an extreme tail risk, amid ongoing tariff tensions with President Trump
On a more hopeful note, Egypt and Iran's foreign ministers met on the sidelines of the UN General Assembly to discuss a proposed deal aimed at easing regional tensions and ensuring freedom of international navigation
Rising oil prices, sharp rhetoric and quiet diplomacy, all happening at the same time π
[crude oil price jump, Brent crude 106 dollar, Houthi attacks escalation, Iran Pezeshkian UN speech, Canada US tension, Egypt Iran talks, geopolitical market risk]