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Saturday, September 12, 2026 • Your Daily Market Briefing
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Today’s Key Points
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It's Saturday morning, and the market crammed five days of news into four. Labor Day Monday, then a sprint: oil through $100 a barrel, two inflation reports running warm, a brand-new list of banned goods at the border, and the priciest iPhone lineup ever wheeled onto a stage.
Four stops on the tour. Let's get into it.
The loud story first. On Tuesday the Dow gave up about 600 points as the Gulf escalated. On Wednesday morning, Brent crude pushed through $100. Thursday it kept going — Brent at $105.37, up another 3.6%, WTI at $100.10 — after Iranian missiles targeted a U.S. warship, five Iranian tankers were destroyed, and Houthi strikes forced Saudi Arabia to idle facilities in its south. By Friday morning the market was exhaling: WTI back near $99 and Brent under $104, both down more than 3% — still war prices, just less fevered. We spent the week deliberately placing calls around that fire, not in it.
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Also on Behind the Markets
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“The market can stay irrational longer than you can stay solvent.”
— John Maynard Keynes
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