PoliticsSeptember 9 at 09:32 AM

Saudi Arabia plans to establish a marine war-risk insurance pool for cargo, SPA reports

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Middle East shipping disruptions and attacks on Saudi energy facilities drove Brent crude above $100 per barrel as Strait of Hormuz transit volumes plummeted.

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Geopolitics

Two port officials say a Panama-flagged tanker carrying 2mln barrels of Iraqi fuel oil was hit by a drone in Iraqi territorial waters; tanker is named "New Andros", and no casualties were reported

U.S. Economy

US ADP Employment Change Weekly 12K (Prev. 11.75K)

Geopolitics

Iranian IRGC spokesperson says ships passing through the restricted zone in the Strait of Hormuz will face sanctions, including suspension of maritime, insurance and support services, with the restricted zone extension, Fars reports