Gulf oil supply disruptions escalate as Saudi Arabia, Iran and Gulf states try to arrange a truce over shipping A key Saudi oil pipeline stayed shut after weekend strikes, Brent crude jumped above $107, and diplomats from Gulf Cooperation Council states met Iranian counterparts in Oman to try to stabilize Strait of Hormuz shipping. Full story → · 7 sources
Ukraine war: drone strikes near the Polish border and talk of a possible Zelensky-Putin meeting at the G20 Overnight drone strikes hit western Ukraine close to the Polish frontier, Ukraine has continued targeting Russian refineries, and Ukrainian President Volodymyr Zelensky says he is open to meeting Russian President Vladimir Putin at December's G20 summit in Miami. Full story → · 4 sources
China's economy heads into a pivotal stretch that will shape year-end stimulus decisions Fresh data due Tuesday is expected to show Chinese industrial production picking up in August even as consumer spending and investment stay weak, a mixed picture that will help decide how much more stimulus Beijing adds before year-end. Full story → · 2 sources
Sweden holds a general election, with early exit polls showing a tight race Swedish voters went to the polls Sunday, and an initial exit poll from public broadcaster SVT showed the left-wing opposition running ahead of the governing right-wing bloc by 4.5 percentage points. Full story → · 1 sources
Congress returns to Washington as the midterm campaign moves into high gear The House and Senate are back in session Monday after a break, with lawmakers returning to a fall agenda that includes a Supreme Court appeal over mail-in voting rules and continued fallout from a recent Venezuela oil agreement. Full story → · 2 sources
Federal Reserve heads into a consequential meeting with markets now pricing a rate hike, not a cut The Fed's two-day meeting begins Tuesday, with markets increasingly pricing a quarter-point rate increase on Wednesday as oil-driven inflation pressure from the Middle East conflict complicates the central bank's plans. Full story → · 3 sources
Wall Street futures slide as chip and AI stocks lead losses, with oil and rates adding pressure U.S. stock futures fell sharply Monday morning as warnings from AI industry leaders hit chip and infrastructure stocks hard, compounded by rising oil prices and this week's Federal Reserve meeting. Full story → · 4 sources
Leading AI executives call for a slower pace of development, and OpenAI rules out an IPO this year Anthropic CEO Dario Amodei published a lengthy essay urging the AI industry to slow down for safety reasons over the weekend, a call OpenAI's Sam Altman publicly echoed, and OpenAI has ruled out going public this year. Full story → · 4 sources