· Tuesday
Daily briefs generated by sembr, the open-source semantic intelligence engine · every item links to its sources
Musalem: policy is still "on the accommodative side"; oil jumps on Iran airline shutdown
After two dovish days the hawkish side reasserted itself — St. Louis Fed President Alberto Musalem said the 3.75%–4.00% policy rate remains "on the accommodative side" and that inflation "is not a risk. It's there," Deutsche Bank warned that markets keep underestimating the scale of the synchronized tightening cycle, and Brent pushed back above $101 after Washington said all Iranian airlines would be shut down .
Iran offers to reopen Hormuz within 7 days as WTI breaks $90 and Brent settles at $100.34
Tehran's first explicit, time-bound offer — reopen the Strait of Hormuz within seven days if Washington takes initial steps to ease military pressure and lift its port blockade — knocked WTI below $90 on 9/22 and capped a fourth straight down session in which Brent settled 3.4% lower at $100.34, even as the physical layer stayed impaired with Yanbu loadings interrupted, roughly 7 million b/d moving dark, and tanker rates at up to $1,000,000 a day .