QatarEnergy has extended the force majeure period for liquefied natural gas shipments to European customers, postponing gas supply from early September to the end of September. Multiple clients, including Italy’s Edison Energia, are affected. The pressure on Europe to stockpile fuel ahead of winter is increasing, and the outlook for gas supply remains pessimistic.

US Treasury yields widen sharply on a monthly basis, with 30-year yield hitting a 19-year high; curve steepening coincides with deepening inflation concerns

The Hormuz crisis drives the search for alternative fuels, with SAF price spreads narrowing from 5 times to 2 times, but airlines and refineries are stuck in a wait-and-see stalemate.

The US and Japan jointly bought yen, with the scale and level of coordination of the intervention exceeding expectations, causing the exchange rate to jump by more than 1%.

The U.S. Treasury confirmed it intervened in the Japanese yen on Friday, with the New York Federal Reserve executing euro sales to purchase yen, marking an escalation in joint action.