Oil hits $108 ahead of Iran’s meeting with Gulf states artwork
FT News Briefing

Oil hits $108 ahead of Iran’s meeting with Gulf states

Sep 11, 2026 · 11:01

US long-term borrowing costs surged to their highest level in more than two decades, and Gulf foreign ministers plan to meet their Iranian counterpart to negotiate a deal temporarily managing shipping through the Strait of Hormuz. Plus, Brics – the developing world’s answer to the G7 – meets this weekend during a unique moment of opportunity to remake the global order.Mentioned in this podcast:Glo…