Iran-Gulf talks postponed: risk of oil price surge intensifies! Rate hike bets heat up ahead of Fed decision, midterm elections add further uncertainty.

Zhito Finance APP has learned that a highly anticipated regional meeting on the navigation issue in the Strait of Hormuz was paused at the last moment before its opening. The meeting between Iran and Gulf countries, originally scheduled to be held in Oman on Monday, was postponed at the request of Saudi Arabia. According to news on September 14, against the backdrop of continued Houthi attacks on targets within Saudi territory, this first regional summit, long awaited by all parties since the United States and Israel went to war with Iran in February this year, has stalled, and Brent crude oil prices have recently broken through $108 per barrel. Just as the market is nervous about the energy inflation driven by the Middle East conflict, the Federal Reserve will hold its monetary policy meeting on September 15-16, and bets in the interest rate futures market on a September rate hike have risen to more than 85%. At the same time, there are only 50 days left until the U.S. midterm elections.