Latest market news
Independent UK financial coverage with full source attribution.
TSLA Q2 2026: filings, holdings, and macro context
AMZN Q2 2026: filings, holdings, and macro context
Drone strikes hit Saudi East-West Pipeline; Saudi Arabia shuts system
Saudi Arabia shut down its 1,200-kilometre East-West Pipeline on 11 September 2026 following drone strikes on multiple pumping stations attributed to Houthi rebels, with drones reported launched from Iraq. The extent of physical damage and production volume impact had not been fully assessed at time of reporting.
Xi, Putin, Modi meet at New Delhi BRICS summit amid US tariffs
Leaders of China, Russia, and India convened at a BRICS summit in New Delhi on 12 September 2026, with Iran and Russia calling for reduced US dollar dependency in trade settlement. No price moves for CNY, RUB, INR, or DXY were reported in the brief.
Saudi Aramco halts Yanbu loadings after East-West pipeline drone attack; Brent at $108
Saudi Aramco suspended oil loadings at Yanbu on 15 September 2026 after drone attack damage to the East-West pipeline; Brent crude rose to $108 per barrel, the Shanghai Futures Exchange crude contract hit a reported record of $138 per barrel, and TTF natural gas rose 6% to $97.31 per MWh.
August CPI beat raises Fed hike probability to 90%; 10-year yield nears 5%
August 2026 CPI exceeded expectations on headline and core measures; bond traders priced a 90% Fed hike probability for the following week and two full hikes by year-end. The 10-year Treasury yield approached 5% amid a global bond selloff.
Houthi forces capture Mocha port, securing Red Sea chokepoint control
Houthi forces seized the Red Sea port of Mocha on 11 September 2026 and were reported by Finnhub to have secured control of the Bab al-Mandeb Strait; the strait carries approximately 6.2 million barrels of oil daily and around 80% of northbound LNG shipments to Europe.
US Treasury yields hit multiyear highs on 11 September 2026
US Treasury yields rose to multiyear highs and Japanese government bonds declined on 11 September 2026. Oil prices were elevated and rate hike expectations from the Federal Reserve, Bank of Japan, and ECB were reported as contributing factors.
US diesel hits record $6/gallon national average on 11 September 2026
The US national average diesel price reached a historic $6 per gallon on 11 September 2026, with ULSD futures, WTI crude, and the XLE ETF connected to the move via refining economics and energy sector exposure.
UK GDP rose 0.4% in July, beating zero-growth consensus estimate
UK GDP expanded 0.4% month-on-month in July 2026, against a consensus estimate of 0.0%, with year-on-year growth reaching 1.6% versus an expectation of 1.0%. The ONS released the figures alongside the July trade report at 7am BST on 11 September 2026.
US August CPI core monthly beat; Fed rate-hike odds rose to 82%
August 2026 US CPI data showed headline inflation at 3.4% year-on-year and core CPI monthly at 0.3% against a 0.2% consensus; market-implied probability of a Federal Reserve rate increase at the next meeting rose from 68% to 82%, and the US Dollar Index strengthened following the release.