Lighthouse Canton says Middle East ceasefire breakdown keeps energy trade “still working” as Brent holds above USD 90/bbl
Reuters2026/09/08 06:43- Lighthouse Canton flagged a breakdown in the April 8 ceasefire, citing resumed conflict and renewed pressure across key market transmission channels.
- US reimposed a naval blockade in early August; Sept. 1 marked a sixth day of US strikes, followed by a multi-front Iranian response.
- Rates shock deepened: 10-year US Treasury yield moved above 4.79%; 30-year reached 5.27%; fed funds imply 66% hike odds.
- Brent held above USD 90/bbl; the note kept a long stance in energy and fertilizers, framing a prolonged impasse as supportive.
- It trimmed tanker shipping into strength; it maintained defense exposure; it reduced ITM TLT puts, shifting them to protection.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hungarian Forint: Inflation surprise and HUF dynamics – ING
China’s crude oil imports in August increased by 6.2% month-on-month; refined copper and copper concentrate imports decreased by 10% year-on-year; integrated circuit export value soared by 130% year-on-year.
The core highlights of the import data are focused on the technology sector, confirming China's continued investment in critical technological fields. As tensions in the Middle East persist, crude oil imports have also rebounded, and the overseas sales of domestic refined oil products such as gasoline and diesel have increased significantly compared to July.
Crypto prices
More
