{"id":281796,"date":"2026-09-07T11:30:12","date_gmt":"2026-09-07T11:30:12","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/281796\/"},"modified":"2026-09-07T11:30:12","modified_gmt":"2026-09-07T11:30:12","slug":"brent-climbs-as-u-s-iran-conflict-keeps-hormuz-shipping-in-focus-dow-jones-sp-nasdaq-wall-street-futures","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/281796\/","title":{"rendered":"Brent Climbs as U.S.-Iran Conflict Keeps Hormuz Shipping in Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures"},"content":{"rendered":"

\"New<\/a> New York Stock Exchange on Wall Street \u00a9Shutterstock <\/p>\n

Brent crude moved higher on Monday as another round of military exchanges between the United States and Iran kept attention on shipping through the Strait of Hormuz. Investors were also looking ahead to U.S. inflation figures due later this week. <\/p>\n

U.S. equity markets were scheduled to remain closed for a holiday. The upcoming inflation report is among the economic indicators markets are assessing ahead of the Federal Reserve’s next interest-rate decision. <\/p>\n

Brent futures gained 1.1% to $97.31 a barrel as of 03:02 ET (07:02 GMT), extending a rise of nearly 10% recorded during the previous week. <\/p>\n

Iran has indicated that it plans to declare a restricted zone near the Strait of Hormuz “in the coming days.” The announcement followed U.S. strikes over the weekend that disabled three Iranian oil tankers. <\/p>\n

The United States said the strikes were retaliation for an Islamic Revolutionary Guard Corps ballistic missile attack targeting two U.S. Navy warships. <\/p>\n

Shipping data cited in media reports showed traffic through Hormuz at its lowest since May. Two vessels passed through the strait on Saturday and six on Sunday, while the 10-day moving average fell to 10. <\/p>\n

Around 125 large commodity vessels travelled through Hormuz each day before the Iran conflict began in late February, representing approximately one-fifth of global tanker traffic. <\/p>\n

Iran’s economy faces U.S. pressure <\/p>\n

Restrictions on shipping through Hormuz have kept energy supplies in focus as markets assess the implications of oil prices for inflation and interest rates. <\/p>\n

The six-month conflict remains at a stalemate. Vital Knowledge analysts described the U.S. as either “incapable” or “unwilling” to bring the fighting to an end and said Tehran was “digging its heels.” <\/p>\n

The analysts also said Washington appeared to be “winning the war of Hormuz.” <\/p>\n

Reuters reported that a U.S. naval blockade of Iranian ports and tighter sanctions were restricting Iran’s oil exports and access to foreign currency, citing Iranian insiders and regional sources. <\/p>\n

Whether the measures result in renewed negotiations remains uncertain. Vital Knowledge said U.S. pressure could ultimately amount to a “Pyrrhic victory as Tehran’s economic desperation prompts it to escalate the conflict even further.” <\/p>\n

U.S. envoys hold talks in Ukraine and Russia <\/p>\n

Two envoys of U.S. President Donald Trump visited Kyiv on Sunday as part of efforts to restart discussions concerning the war between Ukraine and Russia. <\/p>\n

Jared Kushner, Trump’s son-in-law, and Special Envoy Steve Witkoff also travelled to Moscow over the weekend. The two discussed proposals for ending the conflict with Russian President Vladimir Putin, according to a White House official cited by the Wall Street Journal. <\/p>\n

Further details are expected in “the coming weeks,” the official said. <\/p>\n

Ukraine and Russia refrained from recent bombing campaigns while the diplomatic visits took place, according to the source. <\/p>\n

Nvidia’s Huang comments on artificial general intelligence <\/p>\n

Nvidia (NASDAQ:NVDA) Chief Executive Jensen Huang said artificial general intelligence had arrived following the launch of OpenAI’s GPT-6 Astra. <\/p>\n

“AGI has arrived,” Huang wrote on X on Sunday while congratulating OpenAI. <\/p>\n

OpenAI has described Astra as its most intelligent and aligned system, citing performance across computer use, software engineering, cybersecurity, science and professional work. <\/p>\n

According to Huang, Astra was trained on more than 100,000 Nvidia Grace Blackwell NVLink72 systems. <\/p>\n

“From ChatGPT to o1 to Astra in 4 years,” Huang wrote, adding that another 400,000 Nvidia GPUs were coming online. <\/p>\n

Amazon Prime Air aircraft crashes at Miami airport <\/p>\n

At least five people were reported killed and another five injured after an Amazon (NASDAQ:AMZN) Prime Air cargo aircraft operated by 21 Air overran a runway at Miami International Airport on Sunday. <\/p>\n

Prime Air Flight 7598 left the airport’s diagonal runway at around 2 p.m. local time before coming to rest at the northwest end of the airport, according to a spokesperson cited by Investing.com. The aircraft struck several vehicles and caught fire. <\/p>\n

The cause of the runway overrun was not immediately known, and the Federal Aviation Administration is expected to investigate the incident. <\/p>\n

A separate accident in February 2019 involved an Amazon-branded Boeing 767 operated by Atlas Air, which crashed near Houston while flying from Miami and killed all three people aboard. The earlier accident involved a different aircraft and operator. <\/p>\n","protected":false},"excerpt":{"rendered":"New York Stock Exchange on Wall Street \u00a9Shutterstock Brent crude moved higher on Monday as another round of…\n","protected":false},"author":2,"featured_media":281797,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[28],"tags":[73383,2221,76682,76680,102,76679,34,361,7266,19730,76681,101,5694,392,1527,683,56],"class_list":["post-281796","post","type-post","status-publish","format-standard","has-post-thumbnail","category-strait-of-hormuz","tag-10-day","tag-air","tag-air-flight-7598","tag-astra","tag-hormuz","tag-huang","tag-iran","tag-iranian","tag-new-york-stock-exchange","tag-nvidia","tag-nvidia-grace-blackwell-nvlink72","tag-strait-of-hormuz","tag-sunday","tag-trump","tag-u-s-navy","tag-u-s","tag-ukraine"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/117229533858481789","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/281796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=281796"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/281796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/281797"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=281796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=281796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=281796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}