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Geopolitics

Pakistani Foreign Minister says three Pakistani citizens were killed in the Red Sea Ship attack, Sky News Arabia reports

StockNow breaking-news AI analysis

Pakistan confirmed three citizens died in a Red Sea attack as maritime tensions drive oil prices toward $100 and container freight rates reach record highs.

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Fed

Fed's Collins (2028 voter) says poor Americans are struggling to make ends meet, and warns that the central bank may need to raise rates to cool inflation, according to FT

Commodities

IEA OMR: Oil Market in a 1.8mln bpd deficit in Q3 (prev. forecast 800k bpd), Sees World Oil Supply 1.27mln bpd lower than demand in 2026 (prev. 860k bpd)