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On 12-13 September 2026 India opened the 18th BRICS Summit, the first with 11 full members, tasking the group to slash internal trade barriers and link national digital currencies for cross-border payments.
On 10 Sep 2026 the ECB lifted its deposit rate to 2.50% and, more surprisingly, signalled it may push policy into restrictive territory with additional hikes as soon as October, dismissing the once-cited 1.75-2.5% ‘neutral’ ceiling.
Between 4–8 September 2026, benchmark crude prices jumped roughly 10%, pushing Brent futures to $98+ and India’s import basket above $100 for the first time in six weeks as tit-for-tat US-Iran strikes near the Strait of Hormuz stoked supply-route fears.
On 9 Sept 2026 the European Commission proposed the first bloc-wide law letting local authorities designate “housing-stressed areas” and impose evidence-based limits on short-term rentals such as Airbnb.
With euro-area inflation jumping back to 3.3 % in August, ECB officials and markets now treat a 25-basis-point deposit-rate rise to 2.50 % at the 10 Sept 2026 meeting as virtually certain, reversing July’s pause.
Dozens of Houthi drones and ballistic missiles struck southern Saudi energy sites on 8 September 2026, forcing temporary shutdowns and injuring 73 civilians.
Brent crude breached $100.29 Wednesday—its first six-week high—immediately after U.S. forces destroyed five Iranian tankers and Houthi missile strikes set Saudi facilities ablaze, tightening already war-strained Gulf supply lanes.
On 7 September 2026 Brent November futures hit $98.06 per barrel for the first time since 24 July while India’s import basket topped $100, capping a near-10 % weekly jump sparked by renewed US-Iran attacks near the Strait of Hormuz.
On 9 September 2026, benchmark Brent crude briefly topped the $100-per-barrel mark for the first time in six weeks as simultaneous U.S. strikes on five Iranian oil carriers and Houthi missile attacks on Saudi refineries slashed Hormuz traffic and injected a fresh geopolitical premium into oil markets.
On 8 Sept 2026, Prime Minister Mark Carney imposed new retaliatory duties of 15–50 percent on roughly US$28 billion of American imports, answering President Trump’s 50 percent levies on the same value of Canadian exports announced 17 days earlier.
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