Critical Week for Global Markets: Brent Oil Exceeds $107 Ahead of Fed Decision

12:21 - 14.09.2026


September 14, Fineko/abc.az. Global financial markets face a pivotal week as investors brace for the conclusion of the Federal Reserve’s two-day policy meeting, with a rate hike almost fully priced in. Energy supply concerns intensified following the closure of a major Saudi pipeline and delayed diplomatic talks over the Strait of Hormuz, driving Brent crude up 3.2% to $107.95 per barrel. Meanwhile, the U.S. 10-year Treasury yield approaching the 5% mark continues to weigh heavily on global equity sentiment.

Tech sector equities are experiencing heightened pressure after industry leaders called for a slowdown in AI deployment and OpenAI CEO Sam Altman ruled out an IPO for this year. The announcement triggered a nearly 13% drop in SoftBank shares in Tokyo, a 1%+ decline in Nasdaq 100 futures, and a 2.4% drop in South Korea’s Kospi index.

Elsewhere, the USD/TRY exchange rate hovered around 48.62 as Turkey’s Treasury prepares new bond issuances, while market participants monitor speeches by ECB President Christine Lagarde and the G-20 energy ministers' summit in Houston.