Iran: US Strike Hits Wedding in Kuhestak, 'War Crime'
The Iranian Ministry of Foreign Affairs announced that a US airstrike conducted in the Kuhestak (Sirik) area on Tuesday evening targeted a wedding ceremony, describing it as a "war crime". The Hormozgan Governorate announced that at least 4 people died, including two aged 4 and 16, and more than 60 people were injured. CENTCOM spokesperson Tim Hawkins did not respond directly to the claim, stating "The US military, unlike the IRGC, does not target civilians".
US ADP Employment Below Expectations in August: Increase of Only 38 Thousand
According to ADP data, the US private sector added only 38 thousand jobs in August; this figure remained well below July's 46 thousand and the market expectation of 47 thousand, signaling the weakest monthly increase since January. While a loss of 17 thousand jobs occurred in manufacturing, annual growth in hourly wages stood at %3,2 (base pay) and %4,7 (total pay). The data points to a slowdown in the labor market ahead of Friday's official non-farm payrolls report (expectation: +53 thousand).
US Energy Secretary Wright: Oil Passing Through Hormuz Exceeded Pre-War Level
US Energy Secretary Chris Wright stated in a statement to CNBC that over 17 million barrels of oil passed through the Strait of Hormuz on Monday, which is the highest level seen since the war began on 28 February. Wright added that when including pipelines from Saudi Arabia and the UAE that bypass the strait, total oil exports from the region exceeded pre-war levels. In contrast, Brent crude rose %0,55 to 95,17 dollars, maintaining its elevated level.
Wall Street Closes Higher, Bond Yield at Highest Since November 2023
Despite geopolitical tensions and rising yields, the Dow Jones rose %0,8, S&P 500 %0,6, and Nasdaq Composite %0,5. The US 10-year treasury yield reached %4,814 during the day, its highest level since November 2023.
Pressure on Gold Continues: XAU/USD Around 4.335 Dollars
XAU/USD traded around 4.335 dollars, pulling back about %9 from the three-month peak of 4.697 dollars; this level is also below Tuesday's close of 4.350 dollars. December gold futures opened down %0,4 at 4.377,20 dollars. Rising bond yields and a strong dollar continue to offset the support provided to gold by the geopolitical risk premium.
Ekonomik Takvim | 31 August - 5 September 2026
🇺🇸 Friday, September 4
US Non-Farm Payrolls (NFP)
Market expectation is +53 thousand; following weak ADP data (+38 thousand), a surprise result could reprice expectations ahead of the Fed's September rate decision.
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