Flash News

TREE NEWS update: Iran’s Islamic Revolutionary Guard Corps confirmed that one of its commanders was killed. The commander, described as a local official, died during an operation targeting armed militants. No further details on the operation, its location or the commander’s identity were given in the statement.

TREE NEWS update: European Commission President Ursula von der Leyen said she held a productive meeting with Ahmed al-Sharaa, president of Syria’s transitional government. She said the EU remains a reliable partner for a peaceful, stable and inclusive transition free of harmful foreign interference, and that the bloc is actively supporting Syria’s reconstruction, economic recovery and the safe, voluntary return of refugees. Next, the EU plans to mobilize more investment and upgrade the partnership.

TREE NEWS update: A White House official said on X that a Politico report claiming the US government was preparing to impose a 90-day diesel export ban is inaccurate. The statement was cited by Reuters reporter Jarrett Renshaw. No further details on US diesel export policy were given.

TREE NEWS reports: Goldman Sachs said it expects tariff-related uncertainty over key minerals to persist, with large volumes of metal already shipped into the US likely to remain stranded. The bank said a renewed rise in tariff risk could push the market to stockpile further, while available inventories outside the US tighten and investor interest broadens from gold into silver, platinum, palladium and even copper.

TREE NEWS update: A White House official said reports that the United States is considering a diesel export ban are “fake news.” The denial came in response to media reports suggesting Washington was weighing restrictions on diesel exports. No further details or policy specifics were provided.

TREE NEWS reports: European Central Bank chief economist Philip Lane said the euro area has not yet seen a significant wage response to the energy shock. The comment points to contained second-round effects in the currency bloc’s inflation outlook, a factor the ECB weighs in setting interest rates.

TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility took in $461 million on Wednesday, September 23, from four counterparties, up from $453 million the previous trading day. The figure reflects the amount of cash parked at the central bank’s RRP window by eligible counterparties.

TREE NEWS reports: The US 5-year Treasury yield climbed above 5% for the first time since 2007, with the current move up nearly 20 basis points. The breach marks the highest level for the maturity in roughly 18 years as selling pressure drove yields sharply higher.

TREE NEWS update: Russian Foreign Minister Sergey Lavrov said on September 23 in New York that Russia firmly supports Cuba’s demand for the immediate and complete lifting of the trade, economic, financial and energy blockade imposed on the island. Meeting Cuban Foreign Minister Bruno Rodríguez on the sidelines of the UN General Assembly high-level week, the two agreed to keep coordinating positions at international platforms, primarily within the UN framework, and to continue consolidating the Russia-Cuba strategic partnership.

TREE NEWS update: Iranian President Masoud Pezeshkian told the UN General Assembly on Wednesday that Iran will “never bow and will never surrender,” calling on nations to work together for peace. He said Iran does not seek nuclear weapons and will not accept restrictions on its civilian nuclear program. Shortly after he began speaking, the sole US representative in the hall stood up and left.

TREE NEWS reports: International copper fell 0.43% in overnight trading, with Shanghai copper down 0.5%, Shanghai nickel down 0.93% and Shanghai tin down 0.49%. Shanghai aluminum and zinc edged higher, gaining 0.02% and 0.17% respectively, while Shanghai lead slipped 0.46%. Alumina dropped 0.66%, aluminum alloy 0.23% and stainless steel 1.3%.

TREE NEWS update: Iran’s top security official Mohsen Rezaee said Iran’s “new version” of diplomacy will not return to the past. Rezaee, who holds a senior national security post in Tehran, framed the approach as a break from previous policy without giving further details. No additional terms, timelines or negotiating positions were disclosed.

TREE NEWS update: US Secretary of State Marco Rubio announced new visa restrictions targeting people who participate in or facilitate “birth tourism.” The measure is aimed at those who profit from the practice, which the State Department calls a fraud on the US immigration system. Rubio said the restrictions send a clear message that the US will not allow foreigners to exploit its immigration system or undermine the sanctity of US citizenship.

TREE NEWS reports: The Bloomberg Dollar Index climbed 0.6%, touching a fresh session high, with the move marking the greenback’s strongest level of the day. No specific catalyst for the advance was cited in the data point.

TREE NEWS update: The United States is preparing to impose a 90-day ban on diesel exports. No start date, scope or carve-outs for the measure were given in the material. The move, if enacted, would restrict US refined-product shipments abroad for a three-month period.

TREE NEWS reports: London Metal Exchange copper closed $130 lower at $14,618 a tonne, with aluminium, zinc, lead, nickel and tin all ending the session in the red. Nickel fell $151 to $16,481/t and tin dropped $316 to $53,898/t, while cobalt was unchanged at $39,640/t.

TREE NEWS reports: The head of the International Monetary Fund said the global economy faces weak medium-term growth prospects. The assessment points to subdued expansion beyond the near term, without specifying a timeframe or revised forecast figures. No further details were provided in the statement.

TREE NEWS reports: The Trump administration is preparing to slow the enforcement of a directive tied to US National Institutes of Health research funding. The move signals a softer implementation timeline for the grant-related order. No further details on the scope or timing of the delay were provided.

TREE NEWS reports: Euro-area government bond yields climbed sharply on Wednesday, with the two-year German yield rising 11.0 basis points to 3.337% and the 10-year Bund up 9.8bps to 3.561%. The two-year French yield gained 12.9bps to 3.624%, its highest since the fourth quarter of 2008, while the 10-year French yield rose 16.3bps to 4.668%. Italian, Spanish and Greek 10-year yields also rose.

TREE NEWS reports: The IMF said global public debt was already near a record high when the Middle East war broke out. The conflict, which began in late February, has significantly altered the trajectory of global growth through energy, commodity and supply chain disruptions. Supportive fiscal policy, private investment and potential AI-driven productivity gains could underpin medium-term global growth.