18/09/2026 – US-Iran War: Firefights continue in the Strait and the Red Sea front lights up. Trump heralds major decisions in the coming weeks – Read more news

GAS & POWER: As crude prices continue their temporary bearish correction despite renewed clashes overnight between the Houthis and the Saudis, gas markets are finding support from new unexpected Norwegian maintenance. New firefights have also been reported in the Strait of Hormuz, while on the political front an Iranian delegation is expected at the UN assembly scheduled for next week in New York – it is unclear whether and in what terms discussions will take place on the ongoing conflict.

EQUITY: The main financial indices are preparing to end the week with caution, in a month that nevertheless remains marked by correction. While recent bearish movements in crude oil have helped contain the sell-off, Trump's latest statements overnight on upcoming major decisions regarding Iran heighten the sense of uncertainty. Meanwhile, the BOE kept rates unchanged while signaling expectations of rising inflation in the UK, while in Asia the BOJ followed the lead of the ECB and the Fed, approving a rise of 25 basis points – the highest level in over 30 years for the Land of the Rising Sun country.