Oil prices rise as U.S.-Iran threats escalate, while Russian attacks leave Kyiv residents with two days of internet disruptions.
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Global oil prices are climbing amid escalating threats between the United States and Iran concerning a 7-month war. Iran warned of a possible "new front" in response to what CBS News described as a Trump threat of annihilation, per the source.
The Iranian remarks also included an offer to reopen the Strait of Hormuz within 7 days and to restart nuclear talks. This offer was made as the Houthis launched a new wave of missile and drone attacks at Saudi targets, according to CNBC.
In Eastern Europe, Russia has targeted Ukraine's data centers, causing two days of internet disruptions for residents in Kyiv. The outages have raised fears about access to banking and other essential online services, the Financial Times reported.
Market reactions are mixed, with silver prices settling as investors weigh the next steps in these global conflicts. Separately, AI safety was a key topic during talks between Trump and Xi on Thursday, reflecting its rise on the geopolitical agenda. Domestically, U.S. House incumbents hold a commanding cash advantage in many of the tightest 2026 midterm races.
Sources: 1. CNBC: See which incumbents have the biggest cash advantage in the tightest U.S. House races — https://www.cnbc.com/2026/09/25/house-midterms-toss-ups-campaign-cash-incumbents.html (src1) 2. CBS News: Oil prices back up as U.S. and Iran trade threats to expand 7-month war — https://www.cbsnews.com/live-updates/iran-war-trump-un-speech-annihilate-threat-talks-resume/ (src2) 3.