Brent Crude Nears $100: US-Iran Tanker War Escalates
Brent crude futures rose 1.55% to $99.44 on Wednesday, driven by ongoing mutual tanker attacks between the US and Iran around the Strait of Hormuz, reaching the highest level since late July. Last weekend, the US announced that it had struck three Iranian oil tankers (destroying one), while Iran announced in response that it targeted three vessels passing through unauthorized routes in Hormuz; a US official spoke to Axios about a new 'tanker-for-tanker' retaliation policy approved by the Trump administration.
USD/TRY Near Historic High: 48.4855 TL
Dollar/TL continued to trade close to its recent historical peak, trading at 48,4855 TL as of 07.18 Wednesday morning; the rate moved in the 48,2680-48,5183 TL band during the day and opened the day at 48,3137 TL. At the same hours, euro/TL rose to 56,4582 TL.
Ounce Gold Declined, Gram Gold Dropped to 6.821 TL
XAU/USD dropped to the 4.380-4.395 dollar band on Wednesday, squeezed between rising bets on the possibility of a Fed rate hike and the globally weakening dollar. Domestically, gram gold fell to 6.821,36 TL, quarter gold to 11.139 TL, and half gold to 22.271 TL.
1 Day Before TCMB Decision: Unchanged Interest Rate Expected
Ahead of the interest rate decision to be announced tomorrow, Thursday, 10 September at 14.00 by the TCMB Monetary Policy Committee, according to a survey conducted by AA Finans with 25 economists, 24 economists expect the policy rate to be kept constant at %37; S&P Global Market Intelligence also makes a forecast in the same direction. The median of economists' year-end policy rate expectation was calculated as %35.
Ekonomik Takvim | 7-13 September 2026
🇹🇷 10 September 2026, 14:00 (TRT)
CBRT Rate Decision
24 of the 25 economists participating in the AA Finans survey expect the policy rate to be kept constant at %37; the year-end median expectation is %35.
🇺🇸 11 September 2026, 15:30 (TSİ)
US CPI (August)
In the previous month, annual inflation was announced at %3,4; it will be monitored as the last major data point regarding the Fed's decision on 16 September.
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