The market, explained as it happens

Energy Secretary warns oil traders against betting on quick Hormuz deal.

Energy Secretary warns oil traders against betting on quick Hormuz deal. The next scheduled risk is The President delivers Remarks [12:30 PM Local] at 17:30 UTC.

Trump floats keeping Iranian oil as conflict rattles energy markets.

Trump floats keeping Iranian oil as conflict rattles energy markets. WRIGHT: US CONCERNED ABOUT ABSENCE OF IRAN NUCLEAR INSPECTIONS.

Goldman rebalances its long duration stock basket.

Goldman rebalances its long duration stock basket. The next scheduled risk is The President and The First Lady participate in a Wreath Laying Ceremony at 14:25 UTC.

Trump: $5,000 post-election promise should be easy for Congress.

Trump on Ukraine: we discussed that with Zelenskiy.

Trump on Ukraine: we discussed that with Zelenskiy. Trump on Iran: indifferent if gulf states engage with Iran, decision is theirs. Trump: Iran eager to reach a deal.

Trump on Fed decision next week: says US should have lowest rates globally.

ECONOMIC CALENDAR/ FED SPEAK SCHEDULE for Monday Sept 14.

Europe session is handing over to the US session.

Europe session is handing over to the US session. The current cross-market regime is NEUTRAL. The largest measured moves in the current snapshot are VIX down 11.21 percent, NIKKEI down 1.93 percent, KOSPI down 1.76 percent. The active verified stories include Saudi Arabia has storage at Yanbu for only 5-7 days of exports, plus smaller amount stored in Egypt, three sources say and Saudi pipeline outage threatens 4% loss in global oil supply unless pumping resumes within days, say traders, sources.

Lithuania closes Vilnius airport, NATO deploys fighter jets after potential drone sighting — national crisis management…

Lithuania closes Vilnius airport, NATO deploys fighter jets after potential drone sighting — national crisis management centre.

Italy economy minister: crucial for Italy to maintain public finances as ECB hikes interest rates.

Italy economy minister: crucial for Italy to maintain public finances as ECB hikes interest rates. The next scheduled risk is The President delivers Remarks to U.S. Embassy Personnel and Business Leaders at 08:35 UTC.

Ukraine's military: oil refinery struck in Russia's Krasnodar region.

Kremlin: Modi and Xi actively proposed help for Ukraine settlement, Putin welcomed their willingness - TASS.

Kremlin: Modi and Xi actively proposed help for Ukraine settlement, Putin welcomed their willingness - TASS. The next scheduled risk is The President participates in Executive Time [8:00 AM Local] at 07:00 UTC.

Asia session is handing over to Europe.

Asia session is handing over to Europe. The current cross-market regime is NEUTRAL. The largest measured moves in the current snapshot are VIX down 11.21 percent, NIKKEI down 1.93 percent, KOSPI down 1.76 percent. The active verified stories include Academy Of Learning FY Profit 40.7 Million Riyals and Alujain Corp Announces Resignation And Assignment Of CEO. The next scheduled risk is The President participates in an Arrival Ceremony at 06:10 UTC.

the US session is handing over to Asia.

the US session is handing over to Asia. The current cross-market regime is NEUTRAL. The largest measured moves in the current snapshot are VIX down 11.21 percent, NIKKEI down 1.93 percent, KOSPI down 1.76 percent. The active verified stories include On a budget and looking to buy an electric car? Check list of EVs under Rs.10 lakh: Prices, range and features.

ECB releases media interview with Quest-France.

ECB releases media interview with Quest-France. The next scheduled risk is Tom Homan briefs reporters at The Sticks at 20:25 UTC.

Iran state media: sound of two blasts heard near Qeshm from the sea.

Iran state media: sound of two blasts heard near Qeshm from the sea. The next scheduled risk is The President participates in a Policy Meeting at 18:00 UTC.