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European Morning Brief · Thursday 8 October 2026

The Trade Academy Team

6 days ago

1 min read

Washington readies its Iran options — and oil jumps back above $104
Oil rose more than 3% overnight after reports that President Trump has asked the Pentagon for strike options against Iran and that US forces have been told to complete preparations for a possible resumption of operations. Brent is at $104.28, while Hurricane Isaias, the first of the Atlantic season, is already forcing evacuations and production cuts on the US Gulf Coast. The Fed's minutes showed most officials expect one more rate increase this year. Wall Street slipped from its records, Europe fell 1% on Wednesday and is lower again this morning, and Asia retreated as mainland China reopened after its holiday. — Washington readies its Iran options — and oil jumps back above $104

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