Goldman Sachs said oil could rebound to $120/bbl if attacks on shipping in the Middle East increase, and recommended investors go long natural gas and diesel. A Goldman Sachs co-head of global commodities research said recent events show the risk of widening shipping disruptions cannot be ignored. The bank also models a downside case of $80/bbl if regional exports return to normal, and flagged that supply shocks are larger in European gas and refined products than in crude, so those markets are

日本芯片相关股票大幅上涨，铠侠上涨7.3%，软银集团上涨5.4%，Lasertec上涨8.2%。

Foreign reporting and market analysis indicate Japan sold foreign securities, including US Treasuries, in August to help finance a record yen intervention. Japan’s Finance Ministry data showed foreign securities holdings fell $87.8bn at end‑August; the ministry earlier said authorities used a record $96.4bn for intervention in the month to Aug. 26, including some operations coordinated with the US. The ministry did not disclose security or maturity breakdowns; market participants estimate about 70% of Japan’s FX reserves are held in US Treasuries.