MARKETS

S&P 500 7,623.68 -0.52% NASDAQ 25,955.34 -0.21% FTSE 100 10,741.71 +0.48% NIKKEI 62,190 -0.80% BRENT $110.19 -1.35% GOLD $4,033.8 +0.65%

Delayed 15 min · 13:01 GMT

FLASH

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Industries

Iran has "no oil on the water," says US Treasury's Bessent

Iran has no oil at sea this week as sanctions and a naval blockade choke exports and the rial plunges.

Country Report | 6 October 2026

Iran has "no oil on the water," says US Treasury's Bessent

Washington says Iran's oil exports have hit zero under the blockade, cutting off Tehran's main source of hard currency as the rial collapses.

Iran has "no oil on the water," said US Treasury's Bessent.

Washington says Iran's oil exports have hit zero under the blockade, cutting off Tehran's main source of hard currency as the rial collapses.

In an Axios interview on Saturday, Bessent said that for the first time since Iran began producing oil, it will have no crude at sea this week.

He had posted on X on Thursday that Iran loaded zero crude onto tankers in September.

On Sunday the rial weakened to about 2.723 million per dollar in early open-market trading, roughly 1.3% below the previous day, according to Iran International data.

The central bank has announced up to $2 billion to support the currency, which has lost more than half its value over the past year. Two Iranian banks collapsed in August and were merged into Bank Melli.