BOC says the Middle East conflict and the U.S. tariff situation remain unstable.

Shipping data show Venezuela's oil exports to the US fell to 553,000 b/d in August; exports to India and Europe increased.

Iran said its counterstrike hit multiple U.S. facilities across the Gulf region. It claimed a large-scale ballistic missile strike on Taytin camp in Jordan targeting U.S. Marine and quick-reaction forces, killing numerous U.S. personnel and destroying several facilities and attack helicopters. It said a ballistic strike on Jordan’s Prince Hassan air base destroyed RQ-4 and MQ-9 drone hangars, damaged technical infrastructure, killed multiple pilots and technicians, and set equipment on fire. Iran said combined missile-and-drone attacks struck the U.S. base in Erbil, Iraq, destroying a maintenance center, equipment warehouses, a surveillance-balloon guidance system and igniting fuel tanks, with some personnel killed. It claimed a combined strike on Ali Al-Salim base in Kuwait hit a U.S. command post and residence, destroyed drone hangars and a deployment runway, and destroyed several drones with some U.S. fatalities. Iran said a missile-and-drone attack also targeted the U.S. naval base in Bahrain; results were unclear.