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Business · Important news for 4 September 2026

Business

Oil Steadies as Trump Dismisses Iran Attack Concerns

Bloomberg

Asian stock markets advanced and oil prices steadied or snapped a three-day rally after President Donald Trump played down prospects of a prolonged conflict with Iran, easing energy-driven inflation fears. Concurrently, US officials signaled robust energy flows through the Strait of Hormuz, and gold prices held their gains.

  • Asian stocks advanced and oil snapped a three-day rally.
  • President Donald Trump played down the prospect of a prolonged conflict with Iran.
  • US officials signaled robust energy flows through the Strait of Hormuz.
  • Gold prices held steady following comments easing inflation jitters.
  • US President Donald Trump ruled out prolonged military action in the Middle East.

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