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Crude benchmarks lower despite Trump threatening to blow up all of Iran, but with optimism ahead of the UN General Assembly - Newsquawk US Market Open

  • US President Trump reportedly said on Sunday that he is thinking of "blowing up" all of Iran as he left the Camp David retreat a day early to return to the White House.
  • Pakistani Interior Minister travelled to Iran to discuss bilateral relations and cooperation, but it will be unrelated to Iran-US matters.
  • German Chancellor Merz vowed to stay on despite a ‘disaster’ in regional elections, with partial results showing his CDU at just under the 5% threshold for parliamentary representation in Mecklenburg-Vorpommern.

Trump threatens "blowing up" all of Iran, whilst Houthis target a Saudi oil facility; crude prices initially firmer, but have since fallen - Newsquawk EU Market Open

  • US President Trump reportedly said on Sunday that he is thinking of "blowing up" all of Iran as he left the Camp David retreat a day early to return to the White House.
  • Crude futures initially advanced at the open following reports over the weekend that Houthis targeted a Saudi oil facility in Yanbu and with air raid alerts issued in Riyadh.
  • Crude prices then retreated throughout the session despite the lack of fresh news behind the reversal, although Trump also signalled openness to meeting Iran's President.

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