French President Macron said he hopes to reduce Middle East tensions to ease pressure on energy markets.

Swiss National Bank Chairman Schlegel said current monetary policy is appropriate, the policy rate is 0%, and inf forecasts remain within the price-stability range.

Repeated 2026 disruptions in the Strait of Hormuz have been the largest exogenous shock to the petrochemical chain, driving sharp oil and chemical price volatility in the first nine months. Jul–Sep geopolitical escalation shifted market pricing from an emotional panic premium to concerns about actual supply tightness, lifting crude, olefins and aromatics. Looking into Q4, supply-demand dynamics may pivot from expectations of concentrated new-capacity starts toward phase‑wise tightening; geopolitically driven higher feedstock costs are likely to continue squeezing downstream margins and keep the market supported by cost with firm, volatile trading.