Laura Anderson

Oil prices climbed on Tuesday, September 1, 2026, as renewed US-Iran tensions raised concerns about energy supplies and a wider escalation of the Iran conflict. Crude oil gained around 1.5%, extending the previous session’s increase of more than 2%. At the same time, global stock markets mostly moved lower as investors assessed the potential economic impact of higher energy costs, renewed geopolitical risks and inflation ahead of the next US Federal Reserve policy meeting.

Markets today August 24, 2026 are opening the week with gold surging to a three-month high, oil easing on profit-taking ahead of landmark Iran sanctions, and the entire investment world pivoting toward two events that could define the rest of the year: Nvidia earnings on Wednesday and Federal Reserve Chair Kevin Warsh’s address at the Jackson Hole symposium on Friday.

Wall Street enters the week on firmer footing after a run of soft US economic data pushed traders to slash the odds of a Federal Reserve rate hike next month. Futures pointed higher, the dollar slipped toward two month lows, and global shares edged up as investors bet the central bank has less room to tighten than they thought just a week ago. A September rate hike is now priced at just 30 percent, down sharply from roughly 50 percent a week earlier, according to CME Group’s FedWatch tool.