FITCH kept its 2026 Brent crude forecast at $87/bbl and raised its 2027 forecast to $70/bbl.

Fars News cited a senior Iranian security source saying Iran is prepared to respond to all wartime scenarios.

Two trade sources and port data show daily export flows via Russia’s Black Sea port Novorossiysk rose about 50% in the first 20 days of September versus August, recovering to near-normal loading levels after earlier drone-related disruptions. Estimated average loadings for Urals, KEBCO and Siberian Light crude were about 650,000 bpd in the first 20 days of September, up from roughly 420,000 bpd in August. Russian rerouting of Kazakh crude away from Baltic ports boosted KEBCO volumes through Novorossiysk; sources say the port handled about 350,000 tonnes of KEBCO blend in the first two weeks of September.