Market sources: Iran's foreign minister Araghchi held phone calls with Saudi and Turkish foreign ministers to discuss regional developments and diplomatic efforts.

The National Hurricane Center said on the 4th Hurricane Lowell rapidly intensified to a Category 5 storm, with maximum sustained winds near 160 mph (257 km/h). As of the afternoon of the 4th local time the storm's center was about 990 km (615 miles) south of Lihue, Hawaii. It is expected to bring damaging winds, heavy rain and storm surge. Hawaii has declared a state of emergency.

Korea Customs Service said on Saturday year-to-date South Korean exports reached $709.4 bln, exceeding last year’s full-year record of $709.3 bln as a global surge in demand for AI chips lifted shipments. Customs said South Korea, Asia’s fourth-largest economy, is on track for $1 tln in annual exports, which would make it the fourth country after the US, China and Germany to hit that milestone. August exports rose 69% YoY, marking the 15th consecutive month of growth.