The Newspaper
Escalating tensions between the United States and Iran dominate today’s headlines, with military strikes, drone downings, and vows of retaliation driving global energy markets to new heights as oil prices exceed $90 per barrel and European gas futures reach their highest levels since 2023, while China advances its space program with the Pallas-1 reusable launch vehicle.
Iran reports downing of expensive US MQ-9 drone
Iran claims to have shot down a US MQ-9 drone, escalating tensions following recent military exchanges. The incident highlights ongoing conflicts in the region and potential disruptions to maritime security.
US launches new strikes on Iran over alleged attacks
The US military struck Iranian targets following alleged attempted attacks on commercial shipping and US troops in the Strait of Hormuz, escalating hostilities after a month-long lull.
Iran vows ‘crushing and devastating’ retaliation for US strikes
Iran warned of severe consequences after US airstrikes in southern Iran, stating it will impose ‘heavy costs’ on the US and retaliate with ‘crushing and devastating blows’.
Oil prices exceed $90 per barrel amid Iran tensions
US oil prices surpassed $90 a barrel for the first time since late July due to concerns about potential disruptions to energy flows through the Strait of Hormuz following new American strikes on Iran.
European Gas Futures Rise to Highest Since 2023 on Iran War
European natural gas benchmark futures surged to their highest since January 2023 as the US launched a fresh wave of strikes against Iran. The increase reflects market concerns over potential disruptions to energy supplies amid heightened geopolitical tensions in the Middle East.
Oil Prices Spike as US Retaliates for Attacks by Iran
Oil rose for a second session as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz, where crude carriers were hit by projectiles. The spike reflects market anxiety over potential supply chain disruptions.
New US ‘Precision’ Missiles Responsible for Multiple Civilian Deaths in Iran
Conflict monitoring group Airwars found that US ‘precision’ missiles killed multiple civilians in southern Iran. The weapons scattered deadly tungsten pellets over populated areas far beyond their blast zone, raising concerns about civilian casualties in military operations.
Pallas-1: China’s New Bet on Reusable Launch Vehicles
Chinese private space company Galactic Energy successfully launched its Zhishenxing-1 (Pallas-1) rocket, designed for up to 25 uses. The 52-meter rocket can carry 5-7 tons to low Earth orbit, with engines that can regulate thrust between 32% and 105%.
Daily readings
| USD/BRL 2026-09-01 | 5.1989 |
| USD/CNY 2026-09-01 | 6.7223 |
| USD/EUR 2026-09-01 | 0.8628 |
| USD/JPY 2026-09-01 | 160.16 |
| USD/MXN 2026-09-01 | 17.0009 |
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