Monday September 07 2026 — Brent above $97 on Iran/US blows and Aramco reports, NVDA blowout keeps AI bid intact with TSM hiking guidance, and Fed hike odds climbing enough for UBS to tell clients wha

Brent hit a 6-week high above $97 after Iran and the US trade blows, Saudi Aramco facilities reportedly hit. Futures drop. The issue is supply-risk premium, not demand—watch whether $97 holds into the close. EU chief unveils a $232M Greenland package as Trump annexation threats ramp. Watch this: Europe is putting money where sovereignty is pressured, not just talking. Bad risk signal if it escalates. Jensen says a 1-gigawatt facility is worth $50-60B. Not sure people appreciate that’s a power-infra story, not just chips. After NVDA’s blowout, the next AI leg is one layer down. TSM raises guidance as advanced chip demand soars, Japan and South Korea chipmakers bounce. NVDA’s quarter reinforces the long-term outlook, not just one quarter. Fed rate hike odds are rising, UBS out with buy/avoid list, KXFED prices 20.5% chance upper bound above 3.75%. A hike coming into view changes duration math—long-duration tech gets twitchy. So what: this week is AI momentum vs oil shock vs Fed repricing

Brent hit a 6-week high above $97 after Iran and the US trade blows, Saudi Aramco facilities reportedly hit. Futures drop. The issue is supply-risk premium, not demand—watch whether $97 holds into the