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Gold Rises Over 1% as Investors Digest Fed Hike, Oil Rally Stalls

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By Angel No Lie | KPD Online | 17 September 2026 | Independent Markets Report

Gold prices moved higher on Thursday as investors assessed the U.S. Federal Reserve’s latest interest-rate decision, while easing concerns over Middle East oil supplies took some momentum out of the recent crude rally.

Spot gold was initially up more than 1% in Asian trading, reaching about $4,310.49 per ounce at 0149 GMT, according to Reuters. Later in the session, the gain had moderated to 0.8%, at $4,295.26, showing how quickly prices were adjusting after the Fed decision.

Gold price prediction: Meltdown as prices fall by Rs 900/10 gram amid profit booking. Can bulls stage a comeback? - The Economic Times

Gold price prediction: Meltdown as prices fall by Rs 900/10 gram amid profit booking. Can bulls stage a comeback? – The Economic Times

Fed raises rates by 25 basis points

The Federal Reserve raised its benchmark federal funds target range by 25 basis points to 3.75%-4.00% on Wednesday.

The decision was approved unanimously by the Federal Open Market Committee. The Fed said economic activity was expanding at a solid pace but that inflation remained elevated.

The accompanying projections indicated that the rate increase may not be the final move this year. Reuters reported that 16 of 18 Fed policymakers expected at least one additional quarter-percentage-point increase before the end of 2026.

That creates a complicated environment for gold.

Gold does not pay interest, so higher interest rates can make yield-bearing assets comparatively more attractive. At the same time, expectations surrounding inflation, currencies, geopolitical risks and investor demand for defensive assets can support bullion.

Dollar-Obsessed Argentines Have a Newfound Love for Buying Gold - Bloomberg

Dollar-Obsessed Argentines Have a Newfound Love for Buying Gold – Bloomberg

Gold’s move came after a sharp pullback

The rise followed a weaker session in which gold had reached a near six-week low.

Reuters reported that technical factors were contributing to Thursday’s rebound, while the Fed’s more hawkish message had already been largely reflected in market pricing.

U.S. gold futures did not mirror the initial spot-market gain. December futures were reported down roughly 1.2% at $4,333.90 in later trading.

That divergence is important: the headline rise in spot gold does not necessarily indicate a broad-based bullish move across all gold contracts.

https://images.openai.com/static-rsc-4/1mLd8fOPZuw2yDRCzA9ot-xfhC4YpB1ZsVQjmkEu6vLbv_Ud4Zmx5lz8S4GdBOU3ecviB31tCKMEEk5y0xRZX2erqj47pXZapDUGl7Bd9IBzhwQ2nxSLLBiQ6hepejMOFNCCdIaVPUzzbhf-tqzij4e6kr2v4h0CfE96J1PYEJy7AuMSg1QuRkUwbj6UO4dv?purpose=fullsize

Oil rally loses momentum

The other major part of the market story is oil.

Brent crude futures fell 1.2% to $104.59 a barrel, while U.S. West Texas Intermediate declined 1.1% to $101.29 in early Thursday trading. Both contracts had fallen by roughly $3 on Wednesday.

The decline followed reports that Saudi Arabia was offering additional crude cargoes to Asian buyers through ship-to-ship transfers off Sohar, Oman.

The alternative export route is helping reduce immediate concerns about supply disruptions following attacks on Saudi Arabia’s East-West pipeline and disruption at the Red Sea export hub of Yanbu.

Commodity snapshot

Asset Latest reported move
Spot gold $4,295.26/oz, +0.8%
Spot gold earlier $4,310.49/oz, +1.1%
U.S. gold futures $4,333.90/oz, -1.2%
Brent crude $104.59/bbl, -1.2%
WTI crude $101.29/bbl, -1.1%
Silver $63.73/oz, +1.2%
Platinum $1,783.56/oz, +1.7%
Palladium $1,296.70/oz, +2.2%

Figures reflect different points in Thursday’s trading and therefore should not be interpreted as simultaneous closing prices.

Why oil matters for gold

Oil and gold are responding to several of the same macroeconomic forces, but in different ways.

Higher oil prices can intensify inflation concerns because energy is an important input into transportation, manufacturing and household costs. Persistent energy inflation can, in turn, make central banks more reluctant to cut interest rates.

Conversely, a sustained decline in oil prices could reduce some inflation pressure. Reuters quoted OANDA analyst Kelvin Wong as saying continued oil weakness could provide additional support for gold over the medium term.

For now, however, the oil market remains exposed to developments in the Middle East. Reuters reported that the East-West pipeline disruption has not been fully resolved and that uncertainty remains over repairs.

The bigger picture

The market is therefore dealing with two competing forces.

For gold:

  • renewed safe-haven demand;
  • geopolitical uncertainty;
  • expectations surrounding inflation;
  • technical buying after the recent decline;
  • but also pressure from relatively high U.S. interest rates.

For oil:

  • continuing geopolitical and transportation risks;
  • disruption affecting Saudi export infrastructure;
  • alternative shipment arrangements through Oman;
  • and signs that some immediate supply fears are easing.

Independent assessment

Thursday’s market action does not point to a single, straightforward trend.

Gold’s initial more-than-1% rise was significant, but the subsequent moderation shows that investors remain sensitive to the Fed’s higher-for-longer interest-rate signal. Meanwhile, oil’s retreat suggests that alternative Saudi export arrangements have reduced some of the immediate supply anxiety, although the underlying Middle East risks remain.

The key question for markets is whether oil prices continue to fall as supply routes normalize, or whether renewed disruptions push energy prices higher again. That outcome could materially influence inflation expectations, interest-rate expectations and, consequently, gold.

In short: gold is being supported by defensive and technical factors, while oil is losing some of its geopolitical risk premium—but neither move should yet be interpreted as a settled new market direction.

Sources: Reuters; U.S. Federal Reserve.

Entertainment

All Support Acts on Ed Sheeran’s US Tour Quit After Macklemore Dropped

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Ed Sheeran’s North American Loop Tour has lost all of its remaining scheduled supporting acts after rapper Macklemore was removed from the tour following pro-Palestinian comments he made during performances in New Jersey.

The departures involve Finneas, Lukas Graham, Aaron Rowe and Irish folk group Beoga, with the artists citing concerns about artistic expression and solidarity with Macklemore.

Ed Sheeran Tickets - Concert Tour Dates - AXS AU

Ed Sheeran Tickets – Concert Tour Dates – AXS AU

Macklemore removed from remaining dates

Macklemore was scheduled to appear on several of Sheeran’s remaining US stadium dates. During Sheeran’s September shows at New Jersey’s MetLife Stadium, he made comments supporting Palestinians, including a call to “Free Palestine”, while performing his protest song Hind’s Hall.

The tour promoter, Messina Touring Group, subsequently announced that Macklemore would not perform the remaining support dates.

The promoter said venues on upcoming dates had indicated they would not host concerts with Macklemore on the bill, creating the possibility that shows could be cancelled.

New Macklemore Single 'Growing Up (Sloane's Song)' Entrenches Old Camps

New Macklemore Single ‘Growing Up (Sloane’s Song)’ Entrenches Old Camps

Sheeran says the decision was not his

Sheeran subsequently addressed the controversy, saying that removing Macklemore was the promoter’s decision rather than his own.

He said venues had communicated that they would withdraw their shows if Macklemore remained on the bill and that he had spoken with venues and other parties in an attempt to find a solution.

Sheeran also said he did not want to turn his concerts into a public political debate and emphasized his concern for fans, touring staff and musicians whose livelihoods depend on the shows.

First look at Ed Sheeran’s new Loop Tour stage in Auckland

First look at Ed Sheeran’s new Loop Tour stage in Auckland

Four supporting acts leave

Following Macklemore’s removal, the remaining support artists announced their departures.

Artist Role on tour Development
Finneas Supporting performer Withdrew from the tour
Lukas Graham Supporting act/replacement Withdrew
Aaron Rowe Supporting act/replacement Withdrew
Beoga Sheeran’s touring band Withdrew

Finneas said artists should not be silenced when speaking about people they believe are being oppressed. Beoga, meanwhile, had been performing alongside Sheeran during his shows.

Dispute involving Robert Kraft

Macklemore has said that billionaire businessman Robert Kraft, whose Kraft Group owns Gillette Stadium in Massachusetts, played a role in efforts to prevent him from appearing at some of the remaining shows.

Kraft has defended his opposition to Macklemore’s continued participation, citing what he described as the rapper’s broader history of antisemitic rhetoric and imagery. Those characterizations are disputed, and Macklemore has framed his comments as criticism of Israeli government policies and support for Palestinians rather than hostility toward Jewish people.

The promoter’s public explanation has focused on the positions taken by venues and the potential effect on the wider tour rather than attributing the decision solely to one venue owner.

Macklemore pledges tour earnings to Palestinian aid

The controversy has continued beyond the tour itself. Macklemore has said he intends to donate approximately $1 million in net earnings from his time on the Loop Tour to organizations providing humanitarian assistance to Palestinians.

He has also challenged Kraft to match the donation.

What happens to Sheeran’s tour?

The Loop Tour is scheduled to continue despite the departures. The immediate change is that Sheeran no longer has the group of support acts originally planned for the remaining dates.

The episode has also opened a broader debate within the music industry over the boundaries between concert entertainment, political expression and the commercial interests of artists, promoters and stadium operators.

The facts surrounding the dispute are relatively clear — Macklemore was removed, the other supporting acts subsequently withdrew, and Sheeran says the removal was made by the promoter. The competing explanations for why the decision was ultimately made remain contested.

Independent assessment

The incident illustrates how political statements made from a major concert stage can have consequences extending beyond an individual performer. It also raises questions about who ultimately controls the content of large commercial tours when artists, promoters and venue operators hold different positions.

The departures by the other artists make the dispute unusual because the consequences have extended across almost the entire remaining support lineup, rather than being limited to Macklemore’s own performances.

Sources: Associated Press, Reuters, The Guardian, ITV News, Variety and Al Jazeera.

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Technology

Snapchat ‘Willing to Implement’ Daily Time Limits for Teens, Boss Tells BBC

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Snapchat says it is prepared to consider introducing daily limits on how long teenagers can use the platform, as pressure grows on social-media companies to adopt stronger safeguards for young users.

Snap CEO Evan Spiegel told the BBC that a default time limit could represent an industry-wide step toward establishing common standards for protecting teenagers. However, he did not give a timetable for when Snapchat might introduce such a measure.

Was Eltern über Snapchat wissen müssen — Medienzeit

Was Eltern über Snapchat wissen müssen — Medienzeit

Spiegel signals openness to limits

Asked about the possibility of a default time restriction for teenagers, Spiegel said it was an example of a measure Snap would be “willing to implement.”

He also said the company had been discussing the issue internally but had no further details to announce at this stage.

“We want to figure out how we can be part of the solution,” Spiegel said, according to the BBC report.

The comments do not amount to a formal announcement of a new Snapchat policy. They instead indicate that the company is considering whether and how a daily usage ceiling could work.

https://images.openai.com/static-rsc-4/zDVuTvYMU1Pk4yZqhc6-Bw4lMr9kHvGLmjVL4IypFxibGQBBDvzhJ4vdWQ7bRbz9-lGnCiowgA1dqz5aiDcxUkH5_6ZYhL8BIIJpwzkxYg2Vj0qKkdOzt_zlr9lppNkPRP0mG8WdhPfolbohiiefyICXuZZhndJ2sqp4SeCTKiBrVwfmer2fmzgBeleCjPGe?purpose=fullsize

Meta’s push for industry-wide standards

The discussion follows changes announced by Meta after legal action in the United States concerning the use of its platforms by teenagers.

Meta has agreed to a settlement involving $12.7 billion and measures including a default two-hour daily limit for teenage users, muted notifications during school hours and nighttime restrictions. Meta has denied wrongdoing in connection with the allegations.

Meta has also encouraged other major platforms to adopt comparable measures. A Meta spokesperson previously expressed hope that Snap would introduce similar protections.

For Snapchat, Spiegel’s comments suggest the company is examining whether common limits across social-media services could establish what he described as industry norms.

Influencer shares astonishing amount she earns monthly on Snapchat by posting her daily life

Influencer shares astonishing amount she earns monthly on Snapchat by posting her daily life

Snapchat already offers parental controls

Snapchat currently provides parents with controls through its Family Center feature, which allows parents to see aspects of how their teenagers are using the service.

A daily limit would represent a different approach: rather than relying entirely on parents to monitor usage, the platform itself could impose a maximum amount of daily time.

The precise design remains unresolved. Questions would include the age groups covered, the length of the limit, whether parents could modify it and how the restriction would be enforced.

Debate over teenagers and social media

The proposed changes come amid continuing legal and public scrutiny of major social-media platforms.

Snap, Meta, TikTok and YouTube have faced lawsuits alleging that aspects of their platforms can encourage excessive or compulsive use among young people. The companies have disputed various allegations and have highlighted safety measures and parental controls.

Research and policy debates over social-media use among teenagers remain complex. Evidence concerning harmful or compulsive use exists, but questions remain about causation, individual differences and the effects of particular platform designs.

That distinction is important: a decision by Snapchat to introduce a time limit would be a product and policy response to concerns about youth usage, rather than proof by itself that Snapchat causes a particular health outcome.

The wider technology shift

Spiegel made his comments while discussing Snap’s next generation of Specs smart glasses, which are being developed with AI capabilities.

The company says the glasses will be able to provide recommendations based on information about a user’s goals, relationships and routines. Snap is positioning the product as a lightweight alternative to conventional virtual-reality headsets and as part of a new category of AI-enabled wearable technology.

The announced US price for the new Specs is $2,195, while the UK price is £1,995, according to the BBC report.

What happens next?

For now, Snapchat has not announced a launch date or a specific daily limit for teenagers.

The significance of Spiegel’s remarks is therefore that Snap has publicly indicated a willingness to participate in a broader industry discussion over standardized limits for young users. Whether that becomes an actual Snapchat feature — and what the rules would look like — remains to be determined.

Independent assessment: The development reflects a wider shift from voluntary parental controls toward platform-level restrictions, but the practical and social effects will depend heavily on how any limits are designed and enforced.

Sources: BBC reporting via syndicated publication; Meta-related reporting; Guardian analysis of ongoing social-media litigation.

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Technology

OpenAI Boss Says World ‘Right to Be Afraid’ but ‘Should Trust’ AI Firms

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By Angel No Lie | KPD Online | Independent Technology Report | 17 September 2026

OpenAI chief executive Sam Altman has acknowledged that public concern about increasingly powerful artificial intelligence is justified, while arguing that people should nevertheless trust AI companies to act responsibly as the technology develops.

Speaking at Salesforce’s annual Dreamforce conference in San Francisco on September 15, Altman said AI had advanced to a point where the potential consequences of failures were becoming easier to imagine. He also identified another concern: the possibility that a small number of AI companies could accumulate excessive economic and social power.

“The world is right to be afraid of this,” Altman said, while also arguing that people should trust AI companies to make responsible decisions.

Two risks highlighted by Altman

Altman’s comments focused on two broad categories of risk.

The first is what he described as the possibility of a loss-of-control accident or another serious failure involving increasingly capable AI systems.

The second is concentration of power. Altman warned that AI companies could potentially acquire enough influence to affect the economy or push particular worldviews onto the public.

That distinction is significant because the AI safety debate is no longer limited to hypothetical questions about future superintelligence. It also includes more immediate questions about who controls advanced models, how they are deployed and what safeguards apply to them.

Technology Leaders Speak At Annual Dreamforce Event In San Francisco

Technology Leaders Speak At Annual Dreamforce Event In San Francisco

Altman argues the industry can manage the risks

Despite acknowledging those dangers, Altman expressed confidence that AI companies can develop the technology safely.

He said companies should maintain safety and alignment ahead of their capabilities and indicated that development could be slowed or stopped if necessary.

The argument places considerable emphasis on responsible behaviour by the companies themselves rather than relying exclusively on government regulation.

That approach is becoming one of the central issues in the international AI debate.

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Industry disagreement over regulation

Altman’s remarks came during a week of unusually intense discussion about AI safety.

Anthropic CEO Dario Amodei has called for a slower pace of AI development and stronger safeguards. Altman has expressed support for coordinated efforts to improve safety, while other technology executives have argued that companies can manage the risks internally without extensive new government regulation.

The debate therefore involves two related but different questions:

https://images.openai.com/static-rsc-4/A0tMorFmjtfNKOpj_b2RumkVvGo91CyAAJbqM0ZxayZBz8VMbc3YhZFvUD2hPl9GRM_AHC617lMTlKZwx8B76-AjQPThLotr0nsCle4b9XpOkUuwOkjbFp6xK1J84seew4M0c9N4nIFFudgvfS3S6sRaHLrhi11ZZmScDBV_n4AhcdtqRpAQfEetGcMMjV45?purpose=fullsize
Question Issue under debate
How fast should AI advance? Whether development should continue at the current pace or be slowed to allow additional safety work
Who should set the rules? AI companies themselves, governments, international bodies, or some combination
How should risks be assessed? Internal testing versus greater independent or government oversight
Who should be accountable? Developers, deployers, governments and other organizations using AI
How much public trust is appropriate? Whether voluntary commitments are sufficient for increasingly powerful systems

Calls for greater external oversight

Not everyone agrees that the technology companies should be trusted to police themselves.

The Associated Press reported that the recent debate has exposed divisions within the AI industry over whether there should be coordinated restrictions or a slowdown. Some AI leaders have advocated stronger external safeguards, while others maintain that companies have sufficient incentives and technical expertise to manage safety themselves.

Yoshua Bengio, one of the pioneers of modern AI, has argued for ambitious safety efforts outside the for-profit sector, according to AP.

That disagreement reflects a broader question of governance: can companies developing the most powerful AI systems simultaneously be the primary institutions responsible for determining how those systems should be controlled?

There is no universal agreement on the answer.

Why the debate has intensified

The latest discussion follows warnings from researchers and technology executives about the possibility that increasingly autonomous AI systems could create serious risks if safeguards fail.

At the same time, experts do not have a consensus on the probability or timing of catastrophic AI scenarios. AP reported that proposed risks range from malicious use of AI to hypothetical situations in which future systems become difficult for humans to control.

This uncertainty is important. Acknowledging that a risk is possible does not establish that it will happen, nor does it establish how likely a particular scenario is.

The trust question

Altman’s remarks put the issue of trust at the centre of the discussion.

AI companies argue that they have strong technical knowledge, commercial incentives and reputational reasons to prevent their products from causing serious harm. Meta CEO Mark Zuckerberg, for example, has argued that AI laboratories have both the ability and incentive to ensure their systems remain aligned with human values.

Critics counter that commercial competition can create pressure to release increasingly capable systems quickly, potentially creating a conflict between speed and safety. The debate therefore extends beyond whether individual executives are acting in good faith; it concerns what institutional safeguards should exist regardless of who is running a company.

What remains unresolved

Several major questions remain open:

  • How much autonomy should advanced AI systems be permitted to have?
  • What safety tests should be mandatory before powerful models are released?
  • Should independent organizations have access to evaluate frontier AI systems?
  • When should governments intervene?
  • How should responsibility be assigned when AI causes harm?
  • Can international safety standards keep pace with rapid technological development?

These questions are likely to remain central as AI systems become more capable and more deeply integrated into business, government and everyday life.

Independent assessment

Altman’s comments represent a notable acknowledgment from one of the industry’s most prominent executives that fear of AI is not inherently irrational. At the same time, his call for public trust highlights the unresolved tension between industry self-governance and external oversight.

The available evidence does not establish that AI companies can or cannot safely regulate themselves on their own. What is clear is that there is an active disagreement among technology leaders, researchers and policymakers over the appropriate balance between innovation, corporate responsibility and independent oversight.

For the public, the practical issue is therefore not simply whether to trust or fear AI. It is whether the systems governing AI development provide enough transparency, accountability, testing and independent scrutiny to justify that trust.

Sources: Reuters, Associated Press, Axios, WIRED and Salesforce Dreamforce coverage.

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General News

Oil Prices Extend Losses as Middle East Supply Fears Ease

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17 September 2026 | Energy & Markets

Oil prices fall for a second day

Oil prices extended their decline in Asian trading on Thursday as signs that Saudi Arabia can redirect some crude exports through Oman eased immediate concerns about shortages caused by disruptions to Middle Eastern supply routes.

Brent crude futures were down about 1.2% at $104.59 a barrel, while U.S. West Texas Intermediate (WTI) fell about 1.1% to $101.29 in early trading. Both benchmarks had dropped roughly $3 on Wednesday.

The decline represents a change in market sentiment after oil prices climbed sharply earlier in September as attacks on energy infrastructure and shipping routes raised concerns that Middle Eastern exports could be significantly curtailed.

EURODIESEL diesel fuel | Aramco Fuels Poland

EURODIESEL diesel fuel | Aramco Fuels Poland

Saudi Arabia finds an alternative export route

The immediate catalyst for the latest decline is Saudi Arabia’s reported decision to offer additional crude cargoes to Asian refiners through Oman.

People familiar with the arrangements told Reuters that Saudi crude is being moved through ship-to-ship transfers near Oman’s Sohar port. The alternative route is helping reduce the impact of disruptions affecting Saudi Arabia’s East-West pipeline and the Red Sea export terminal at Yanbu.

The workaround does not completely eliminate the supply problem. Reuters reports that the additional shipments are not expected to fully replace exports lost from Yanbu.

That distinction is important for the market: traders are reacting to evidence that some barrels can still reach customers, rather than concluding that Middle Eastern supply disruptions have ended.

SOHAR Port and Freezone: Pioneering growth and sustainability in logistics  - Logistics Middle East

SOHAR Port and Freezone: Pioneering growth and sustainability in logistics – Logistics Middle East

What happened to Saudi Arabia’s pipeline?

Saudi Arabia’s East-West pipeline has become particularly important because it provides a route for crude to reach the Red Sea without passing through the Strait of Hormuz.

Recent attacks damaged pumping stations along the pipeline, affecting the flow of crude toward Yanbu, one of Saudi Arabia’s important Red Sea export facilities. Saudi Arabia subsequently suspended some loadings from Yanbu and cancelled some deliveries to European customers.

The pipeline’s disruption had contributed to the rapid rise in oil prices earlier in the week.

On September 15, Brent and WTI settled more than $3 higher, reaching their highest levels since May 19, after the Yanbu disruption intensified concerns about available supply.

Oil pump in the desert

Oil pump in the desert

Oil remains above $100

Despite the latest decline, crude remains above the psychologically important $100-a-barrel level.

That reflects the fact that the underlying geopolitical risks have not disappeared.

Brent had settled at $105.83 on Wednesday after falling 2.7%, while WTI settled at $102.43, down 3.2%.

Earlier in September, the benchmarks had surged as attacks on shipping and energy infrastructure raised fears of prolonged supply disruptions. On September 10, Brent jumped more than 6% to settle at $107.63, while WTI rose to $102.48.

$100mln credit facility to power Advario’s liquid logistics services in Oman

$100mln credit facility to power Advario’s liquid logistics services in Oman

The Strait of Hormuz remains a major risk

The oil market continues to watch the Strait of Hormuz, a critical energy shipping route.

Before the current conflict, approximately one-fifth of global oil supplies passed through the waterway. Recent restrictions and security concerns have significantly reduced tanker traffic. Reuters reported that only four vessels passed through the strait on Tuesday, compared with seven the previous day.

This leaves the global market vulnerable to another escalation.

Saudi Arabia’s alternative routes—including shipments through Oman and other workarounds—can partially reduce the impact, but they cannot necessarily replace all the volumes that normally move through the region.

Sohar Port pulls in $2.5bn worth petchem projects - Oman Observer

Sohar Port pulls in $2.5bn worth petchem projects – Oman Observer

U.S. inventories also weigh on prices

Another factor pushing prices lower is the latest U.S. inventory data.

U.S. crude stocks fell by only 640,000 barrels last week, according to the Energy Information Administration, compared with analysts’ expectations for a decline of about 1.62 million barrels.

A smaller-than-expected decline suggests that the U.S. market currently has somewhat more supply available than traders had anticipated.

The inventory picture therefore provides another reason for traders to reduce the amount of geopolitical risk being priced into crude.

Oman deaths: Three Indian workers die in 'accident' on board ship in Sohar port | The National

Oman deaths: Three Indian workers die in ‘accident’ on board ship in Sohar port | The National

But fuel markets remain under pressure

The fall in crude prices should not be confused with an easing of all energy-market pressures.

Diesel markets remain particularly tight.

Reuters reported that Asian refining margins for low-sulfur diesel recently climbed above $87 a barrel, an all-time high based on LSEG pricing data. European diesel prices have also remained close to record levels.

This creates a significant distinction:

Crude oil prices are falling, while refined fuel markets remain exceptionally tight.

For consumers and businesses, that means lower crude prices may not immediately translate into significantly cheaper diesel or other petroleum products.

Aramco reroutes crude shipments to Yanbu port: Report - Latest News from Saudi Arabia and the World

Aramco reroutes crude shipments to Yanbu port: Report – Latest News from Saudi Arabia and the World

Saudi production has already been severely affected

The current price decline also comes against a backdrop of substantial disruption to Saudi oil production and exports.

The International Energy Agency estimated that Saudi crude supply fell to around 6 million barrels per day in August, its lowest level in more than three decades. The IEA attributed the decline to attacks affecting oil infrastructure and shipping around the region.

The agency subsequently revised down its 2026 Saudi crude-supply forecast.

The U.S. Energy Information Administration likewise estimates that Middle Eastern crude production shut-ins averaged 6.7 million barrels per day in August, up from approximately 5 million barrels per day in July.

These figures illustrate why the market remains sensitive to any new attack or disruption even when prices are temporarily declining.

With 4 Million Barrels Daily: Saudi Arabia Surpasses Hormuz as Yanbu Changes the Game — Sabq

With 4 Million Barrels Daily: Saudi Arabia Surpasses Hormuz as Yanbu Changes the Game — Sabq

Market picture

Factor Current effect on oil
Saudi crude offered through Oman Reduces immediate supply fears
Damage to East-West pipeline Continues to constrain exports
Yanbu loading disruption Negative for available supply
Lower-than-expected U.S. inventory draw Puts downward pressure on prices
Low Strait of Hormuz traffic Maintains geopolitical risk premium
Tight diesel supplies Supports refined-fuel prices
Continuing Middle East conflict Creates risk of renewed price increases
Major Global Energy Lifeline Struck This Week - Caspianpost.com

Major Global Energy Lifeline Struck This Week – Caspianpost.com

What could happen next?

The direction of oil prices will depend heavily on whether alternative supply routes remain available and whether further attacks disrupt additional infrastructure.

For now, the market appears to be responding to evidence that Saudi Arabia can partially compensate for lost Red Sea exports.

However, this is not the same as a return to normal supply conditions.

The IEA has warned that disruptions in the Gulf and wider Middle East could keep global oil markets tight. The EIA’s September outlook also assumes that Middle Eastern oil flows will remain constrained through the fourth quarter of 2026, although it expects flows to gradually increase as shipping companies develop alternative routes.

That leaves the market particularly sensitive to three developments:

  1. Whether Saudi Arabia can sustain alternative shipments through Oman.
  2. How quickly the East-West pipeline can be repaired.
  3. Whether fighting around the Strait of Hormuz and Red Sea intensifies or eases.

Independent assessment

The latest decline in oil prices is primarily a supply-logistics story rather than evidence that the Middle East crisis has ended.

Saudi Arabia’s ability to redirect crude through Oman has reassured traders that at least some displaced barrels can still reach Asian buyers. Lower-than-expected U.S. inventory withdrawals have provided another bearish signal.

At the same time, oil remains above $100, tanker traffic through the Strait of Hormuz remains severely affected, Saudi production has been disrupted and diesel markets are experiencing extraordinary tightness.

The immediate supply panic has eased, but the underlying risk to global energy flows remains significant.

For consumers, refiners and governments, the key issue in the coming days will therefore be whether these alternative shipping arrangements develop into a sustained supply solution—or whether another disruption causes the risk premium in oil prices to rise again.

Sources

Reuters, Oil prices extend losses as fears of Middle East supply disruptions ease, 17 September 2026.

Reuters, Oil slips as Saudi Arabia offers more crude via Oman, 16 September 2026.

U.S. Energy Information Administration, Short-Term Energy Outlook, September 2026.

Reuters, reporting on Saudi supply, Asian diesel markets and Middle East disruptions.

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General News

Palace Responds After Earl Spencer’s Claim in Diana Book

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By Angel No Lie | KPD Online | 17 September 2026 | Royal Family | United Kingdom

 

Buckingham Palace issues rare response

Buckingham Palace has made an unusually direct response to a claim by Earl Spencer, the younger brother of the late Princess Diana, concerning an alleged conversation with the then-Prince Charles shortly after Diana’s death in 1997.

The allegation appears in Spencer’s forthcoming memoir, Swan Song: Diana, My Sister, which is due to be published on 22 September 2026. Spencer says that, during a dispute about whether Diana’s sons should walk behind their mother’s coffin, Charles told him: “Rest assured, we’ll forget her soon enough.”

Buckingham Palace did not directly confirm or deny that the conversation took place. Instead, a palace spokesperson said King Charles was mindful that “the pain of fraternal grief can cloud reason, affect judgment and colour memory” many years after a loss.

The wording represents a rare intervention by the Palace because the Royal Family generally declines to comment on claims contained in books.

Full Transcript of Princess Diana Eulogy - Earl Spencer's Eulogy for Princess Diana

Full Transcript of Princess Diana Eulogy – Earl Spencer’s Eulogy for Princess Diana

What Earl Spencer says happened

According to extracts reported from Spencer’s memoir, the disagreement took place in the period between Diana’s death and her funeral in September 1997.

The central issue was whether Prince William and Prince Harry, then aged 15 and 12 respectively, should walk behind their mother’s coffin during the funeral procession.

Spencer says he opposed the idea and believed Diana would not have wanted her young sons to endure such a public ordeal.

He describes a heated telephone conversation with Charles. According to Spencer’s account, Charles argued that his sons should participate and referred to his own experience walking in the funeral procession following the assassination of his great-uncle Lord Mountbatten.

Spencer says he responded that Charles had been an adult when Mountbatten died, whereas William and Harry were children.

It was during the argument, Spencer claims, that Charles made the remark about Diana eventually being forgotten.

The allegation remains Spencer’s recollection

An important distinction is that the alleged conversation was private and occurred nearly three decades ago.

The Palace’s response does not provide a competing account of the conversation. Instead, it raises the possibility that Spencer’s recollection may have been affected by the grief surrounding his sister’s death.

There is therefore no independently established record in the reporting currently available that proves exactly what was said during the alleged telephone conversation.

The Heartbreaking Real-Life Royal Moment ‘The Crown’ Shouldn’t Have Left Out | Vogue

The Heartbreaking Real-Life Royal Moment ‘The Crown’ Shouldn’t Have Left Out | Vogue

The decision to have William and Harry walk behind Diana’s coffin

The dispute described by Spencer concerns one of the most memorable moments of Diana’s funeral.

On 6 September 1997, William and Harry walked behind their mother’s coffin as it travelled from St James’s Palace to Westminster Abbey.

The decision has subsequently been discussed by both brothers.

In a 2017 BBC documentary marking the 20th anniversary of Diana’s death, William described the decision as a collective family decision and acknowledged that it had not been easy.

Harry later discussed the experience in his 2023 memoir, Spare. His account included his recollection that several adults had objected to the boys walking behind the coffin, including Spencer.

This provides some contemporary retrospective context for Spencer’s newly published account, although it does not independently establish the exact words Spencer attributes to Charles.

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Why the Palace’s statement is significant

The Palace’s response is notable primarily because of its rarity.

Royal households traditionally avoid becoming involved in disputes surrounding books about members of the Royal Family. ITV reported that the Palace decided to respond in this instance despite that general practice.

The statement also carefully avoids directly accusing Spencer of deliberately fabricating his account.

Instead, it focuses on the possible effects of grief on memory and judgment.

That distinction matters. The Palace has not publicly produced evidence demonstrating that Spencer’s account is false, while Spencer presents the conversation as his personal recollection of events.

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Spencer’s stated purpose for writing the book

Spencer has said that his purpose in writing Swan Song is to provide an account of Diana from the perspective of her brother.

Before publication, he said:

“The aim of this book is to tell the truth about Diana from her brother’s perspective.”

He also connected the project with the eulogy he delivered at Diana’s funeral, saying he wanted to speak on her behalf.

The book is expected to address Diana’s marriage to Charles, her relationship with the Royal Family and events surrounding her death and funeral.

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Diana’s death and the continuing public interest

Diana died on 31 August 1997, aged 36, after the Mercedes carrying her and Dodi Al-Fayed crashed in the Pont de l’Alma tunnel in Paris while being pursued by photographers.

Her death generated an enormous public reaction in Britain and internationally.

Nearly three decades later, memories of the events surrounding her death and funeral remain subjects of considerable public interest. Spencer’s memoir is therefore likely to reopen discussions about a period that remains emotionally significant for members of the Royal Family and the wider public.

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What is known and what is disputed?

Issue Current evidence
Diana died in Paris in August 1997 Established fact
William and Harry walked behind Diana’s coffin Established fact
Spencer opposed the boys’ participation Documented in retrospective accounts
Spencer says Charles told him Diana would be forgotten Claim made in Spencer’s memoir
Palace confirms Charles said those words No
Palace says Spencer fabricated the account No
Palace says grief can affect memory and judgment Yes
The private conversation can be independently reconstructed Not established from currently reported evidence
Swan Song: Diana, My Sister publication date 22 September 2026

A dispute over memory, not just history

At the heart of the controversy is a question that extends beyond the Royal Family: how reliable are memories formed during periods of extreme emotional distress, particularly decades later?

Spencer was Diana’s brother and was directly involved in the events surrounding her funeral. His account therefore represents the recollection of someone who was personally present during that period.

At the same time, the Palace has pointed to the potential influence of grief on recollection and judgment. Its statement does not establish that Spencer’s memory is inaccurate, but it makes clear that the King does not accept the account without qualification.

The disagreement is consequently about both what happened in 1997 and how that history should now be remembered.

Tragedy in the British Royal Family at the End of August | Unofficial Royalty

Tragedy in the British Royal Family at the End of August | Unofficial Royalty

What happens next?

Swan Song: Diana, My Sister is scheduled for publication on 22 September. More extracts are expected to emerge before the book’s release, potentially providing additional details about Spencer’s recollections of Diana, Charles and the aftermath of her death.

For now, the central allegation remains an account presented by Diana’s brother, while Buckingham Palace has responded with a carefully worded challenge focused on the effects of grief and memory.

The wider historical context

Diana’s death triggered one of the most intense periods of public mourning in modern British history.

Her popularity had already made her an unusually prominent member of the royal family. Following her death, public attention focused heavily on the royal family’s response, including the arrangements for the funeral and the decision to have her sons walk behind her coffin.

Spencer’s 1997 eulogy was itself a major moment in the public response to Diana’s death.

His new memoir therefore revisits events that have already been extensively discussed, but from the perspective of someone who was both Diana’s brother and one of the people directly involved in the funeral arrangements.

Photos | Ten facts about Britain’s Princess Diana, who died 25 years ago today | News24

Photos | Ten facts about Britain’s Princess Diana, who died 25 years ago today | News24

Independent assessment

The current dispute is fundamentally about a private memory of an emotionally charged event.

Earl Spencer presents a detailed recollection of a conversation with Charles in which he says the then-Prince of Wales made a deeply insensitive comment about Diana’s future place in public memory.

Buckingham Palace has not publicly supplied a competing transcript or detailed account of the conversation. Instead, it has pointed to the possibility that grief can affect memory and judgment.

Consequently, the available evidence does not independently establish the alleged words as fact, nor does the Palace’s statement independently establish that Spencer’s recollection is wrong.

The most accurate distinction at this stage is therefore:

Spencer says it happened. The Palace has challenged the reliability of the recollection without publicly providing a detailed alternative account.

The publication of Swan Song may bring additional context, including Spencer’s fuller account of the events and any contemporary evidence he believes supports his recollection.

Akhbarak (@akhbarak) on X

Akhbarak (@akhbarak) on X

Sources

The report is based primarily on current reporting from Reuters, BBC/ABC News, Sky News, The Guardian and The Independent, with the claims attributed to Earl Spencer or Buckingham Palace rather than presented as independently established facts.

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