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Commerzbank Says Oil Prices Rise as No Sign of Hormuz Deal, Treasuries Little Changed

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Brent oil has moved back toward the $90 a barrel level as there's still no indication that a deal to reopen the Strait of Hormuz is close, according to Commerzbank Research. Treasuries are broadly unchanged ahead of the three-year auction.

The US said it fired on a vessel that violated the blockade and has redirected 55 vessels since it began. Energy Secretary Chris Wright said nearly nine million barrels of oil are currently exiting the Strait of Hormuz each day.

While President Donald Trump said Iran is "going fine" and that the US "totally" controls the Strait of Hormuz.

Boston Fed President Susan Collins said inflation is still "too high", while the jobless rate remains "relatively stable" (FT).

US and Canadian officials are aiming to present President Trump with a new trade deal as early as next week, according to CBC sources.

Japanese Prime Minister Sanae Takaichi is likely to reshuffle her cabinet in mid-September or later, according to Reuters.

The French central bank expects the country's economy to grow 0.2% in the third quarter.

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