News

U.S. Energy Secretary Wright stated that the U.S. will terminate Iran's nuclear program "no matter what"; the U.S. expressed concern over the suspension of inspections of Iran's nuclear program. Hoping to reach a Hormuz-related agreement with Iran is not a prudent option.

Musk confirmed that Tesla will livestream the Roadster electric sports car launch event on the X platform.

Doha Graduate School professor Mohammad Elmasri stated that Monday's meeting between Iranian and Gulf officials regarding the Strait of Hormuz could be a key turning point in the US-Iran war. He doesn't believe Iran wants a complete break with its Gulf neighbors. They must coexist with Saudi Arabia, the UAE, and all other Gulf states. The Iranian leadership anticipates a post-war era, hoping to see a future where regional security is no longer dominated by the US, but rather where regional countries manage their own security affairs. This, of course, requires Iran to establish cooperative relationships with Saudi Arabia and all other countries in the region. The outcome of Monday's meeting between Gulf states and Iranian officials is worth watching. One can only speculate on what the Gulf leaders are thinking when they enter this meeting tomorrow. The biggest question is, if they reach some kind of understanding with Iran, what will the US do? What are their plans?

According to Iran's Mehr News Agency, US President Trump attempted on Sunday to justify the economic problems caused by his costly aggression against Iran, making the absurd claim that "Iran is willing to make a deal at any cost, but I will not sign any imperfect deal!" Trump, believing his Republican colleagues are doomed to lose in the upcoming midterm elections, tried to justify the US government's multi-billion dollar spending and repeated failures in its aggression against Iran, claiming that "the war with Iran will end before or immediately after the midterm elections."

1. **Monday:** ① Data: Canada's August CPI month-on-month rate; China's August M2 money supply year-on-year rate (to be determined). ② Holiday: The National Stock Exchange of India is closed for one day. 2. **Tuesday:** ① Data: China's August retail sales of consumer goods year-on-year; China's August industrial value-added year-on-year; UK's July three-month ILO unemployment rate; UK's August unemployment rate; UK's August jobless claims; France's final August CPI month-on-month rate; Germany's September ZEW economic sentiment index; Eurozone's September ZEW economic sentiment index; Eurozone's July seasonally adjusted trade balance; US ADP employment change for the week ending August 29; Canada's July wholesale sales month-on-month rate; US September New York Fed Manufacturing Index; China's August total electricity consumption year-on-year; China's August total electricity consumption (to be determined). ② Events: The National Energy Administration releases data on total electricity consumption around the 15th of each month; the National Bureau of Statistics releases monthly reports on residential sales prices in 70 large and medium-sized cities; the State Council Information Office holds a press conference on the operation of the national economy. 3. Wednesday: ① Data: US API crude oil inventories for the week ending September 11; UK August CPI month-on-month rate, UK August retail price index month-on-month rate; Eurozone July industrial production month-on-month rate; US August retail sales month-on-month rate, US August import price index month-on-month rate, US September NAHB housing market index, US July business inventories month-on-month rate, US EIA crude oil inventories for the week ending September 11, US EIA Cushing, Oklahoma crude oil inventories for the week ending September 11, US EIA strategic petroleum reserve inventories for the week ending September 11. ② Events: European Commission President Ursula von der Leyen delivers her State of the Union address. 4. Thursday: ① Data: US Federal Reserve interest rate decision (upper limit) to September 16; China's August SWIFT RMB share in global payments; Switzerland's August trade balance; Eurozone August final CPI year-on-year rate, Eurozone August final CPI month-on-month rate; UK central bank interest rate decision to September 17; US initial jobless claims for the week ending September 12, US August annualized housing starts, US August building permits, US September Philadelphia Fed Manufacturing Index, US August pending home sales index month-on-month, US EIA natural gas storage for the week ending September 11. ② Events: US Securities and Exchange Commission holds roundtable discussion on 24-hour trading; Bank of Canada releases monetary policy meeting minutes; Federal Reserve FOMC releases interest rate decision and economic projections summary, Federal Reserve Chairman holds monetary policy press conference [simultaneous interpretation]; Bank of England releases interest rate decision and meeting minutes. 5. **Friday:** ① Data: UK September GfK Consumer Confidence Index; Japan August Core CPI YoY; Germany August PPI MoM; UK August Seasonally Adjusted Retail Sales MoM; Eurozone July Seasonally Adjusted Current Account; US August Industrial Production MoM; US August Conference Board Leading Economic Index MoM; China August Year-to-Date National Power Generation Capacity; China August Year-to-Date National Power Generation Capacity YoY (TBD); Bank of Japan Target Interest Rate to September 18 (TBD). ② Events: RBA Governor Bullock attends hearing; Bank of Japan announces interest rate decision; Bank of Japan Governor Ueda Kazuo holds monetary policy press conference. 6. **Saturday:** ① Data: US Total Oil Rig Count for the Week Ending September 18.

US President Trump: We can set up safeguards (regarding artificial intelligence), but some voices are too negative.

US President Trump (when asked whether the artificial intelligence industry should slow down) said that whoever wins in artificial intelligence wins the future.

US President Trump: (Regarding Irish unification) It's natural to unite the north and south. I'll leave Scotland out of the conversation for now; I'll reserve that topic for later.

US President Trump: The promised $5,000 post-election subsidy should easily pass Congress. I always keep my promises.

US President Trump: We should have the lowest interest rates in the world.

Adam Barron, a researcher at the Future Security Project at the New America think tank, said the Iraqi drone strikes on Saudi oil pipelines reflected a “precarious situation across the Middle East.” Since the US-Israel war against Iran six months ago, we have faced a situation where a series of interconnected, multi-front conflicts are “burning” across the region. The Houthi revolt's swift capture of key cities on Yemen's west coast from Saudi-backed forces is “absolutely a turning point.” This constitutes the loss of some of Yemen's most strategically important territories. In terms of Yemen's strategic location, nothing is more significant than a military group gaining access to the Bab el-Mandeb Strait. Barron suggested that the internationally recognized withdrawal of government forces with little fighting may be a tactical arrangement “for the battles to come.” However, Saudi-led airstrikes alone are unlikely to drive the Houthis out; a “unified” ground force is needed.

South Korea's Minister of Industry stated that the total investment cap is $200 billion, and annual investment will remain at the $20 billion previously agreed upon with the United States.

The U.S. National Hurricane Center reports that Norbert has strengthened slightly and is expected to dissipate east of Hawaii by mid-next week.

The Ukrainian military stated that it attacked the Taneko oil refinery in Tatarstan, Russia.

The Ukrainian Foreign Minister stated that Russian drones attacked the Ukraine-Poland border region (not the previously mentioned border crossing).

Italian Economy Minister: At a time when the European Central Bank is raising interest rates, it is crucial for Italy to maintain the stability of its public finances.

The Ukrainian military says it hit an oil refinery in Russia’s Krasnodar region.

British Maritime Trade Organization: Local authorities are evacuating crew members attacked in the Strait of Hormuz.

A Kremlin spokesman said that Russian President Vladimir Putin did not accept Ukrainian President Volodymyr Zelensky's suggestion to hold direct talks during the G20 summit in the United States, and stated that a meeting between Putin and Zelensky could only take place in Moscow.

According to RIA Novosti, Russian President Vladimir Putin stated that intra-BRICS trade has reached $1.2 trillion.