Asian equities fell on Monday as Brent crude climbed 3% following new attacks in Saudi Arabia and the Gulf, heightening fears of disruptions to global energy supplies. The renewed geopolitical instability also delayed a key meeting that could have helped ease tensions. The oil-price spike has intensified inflation concerns as investors anticipate interest rate hikes by the Federal Reserve and the Bank of Japan this week.

Wall Street snapped a slide on Friday, with the S&P 500, Dow and Nasdaq each up about 1%. After August inflation came in hotter than expected, markets lifted the probability of a 25-basis-point Fed rate increase this week to about 90%. Separately, an attack on a Saudi oil pipeline threatened roughly 4% of global crude supply, potentially pushing oil prices higher and adding to inflation pressure.

Costco has doubled the price of its Kirkland Signature full synthetic motor oil from $30 to $57.99 and capped purchases at two bottles per customer per week as crude oil trades around $100 a barrel and supplies tighten. U.S. diesel prices have topped $6 per gallon for the first time, reaching $6.06. Refiners are prioritizing higher-margin gasoline and diesel output, constraining the availability of motor oil.

The U.S. average price of diesel has climbed to a record $6.20 per gallon, up sharply from $3.69 in January 2025. The rise has been driven by the war between the United States and Iran, which has disrupted oil shipping through the Strait of Hormuz and stoked fears of supply interruptions. Because diesel is a key industrial fuel, the surge could lift supply-chain costs and become a political flashpoint ahead of the midterm elections.

Anthropic has chosen Nasdaq as the venue for a potential IPO and is aiming for an October listing. Founded by former OpenAI executives, the company’s valuation has not been finalised after a previous funding round that valued it just under $1 trillion. Its developer tool Claude Code has helped lift projected annual revenue to $65 billion, even as the company lost almost $42 billion in 2025 and is expected to keep burning cash for years, according to US media reports.

Data show that Solana’s on-chain tokenized equity trading volume exceeded the combined total of Nasdaq and the New York Stock Exchange by more than $100 million on the previous day. The figures highlight Solana’s rapid growth in real-world asset tokenization. Its low-cost, high-throughput base layer is becoming core infrastructure for on-chain equity trading.

JPMorgan just rewrote the Tesla robotaxi story in a way that changes everything individual owners thought they stood to gain, and the numbers behind it are harder to dismiss than the hype ever was.

Santander will join the UK Financial Conduct Authority’s redress scheme and pay compensation to customers affected by missold motor finance agreements. The programme covers about 12.1 million deals made between 2007 and 2024, with total payouts expected to reach £7.5 billion. The average compensation is estimated at £829 per eligible agreement, with many cases linked to now-banned Discretionary Commission Arrangements.