The Tape

Brent closed $101.21. Diesel is still a record.

Plus 3.36 percent. The high was $101.87. AAA: $4.22 a gallon. The pump is eight weeks from a ballot.

The Rocket News · Economy · New York / LondonSeptember 9, 2026 · 4 min read

A suburban gas station at dusk, pump canopy and price board in color, no figures in the frame.

Brent crude settled Wednesday at $101.21 a barrel, up 3.36 percent, after printing a session high of $101.87. It is the first three-figure close since July. West Texas held the mid-$90s. AAA’s national average for regular is $4.22. Diesel is $5.94, a record on the American chart. The Economy desk files a tape that took a dead seafarer and ten claimed ships and wrote them as a gallon.

Hormuz is moving about two million barrels a day, down from eight or nine. Forty-two tankers were still waiting Monday. Canada’s dairy, liquor and motorcycle ban still lands Sept. 29. The corridor that used to be a $382 billion monument is a customs form and a pump. Stocks sold the oil. The 10-year is still a war yield.

Oil prices will drop precipitously, like everything else is dropping, when we WIN the war with Iran.

Video

NEW VIDEO: US strikes Iranian oil tankers after Navy warship attack · LiveNOW from FOX · Watch on LiveNOW from FOX

The president has said gasoline will fall when America wins, “ultimately, below two.” Eight weeks from November 3, $4.22 is not a forecast. It is a midterm. The gallon does not read a Truth Social. It reads the strait.

Wire and further reading: theguardian.com

Filed under Economy

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A trader in a blue jacket points at a screen on the floor of the New York Stock Exchange. The frame is the floor, not the closing print.

Markets

The Dow fell 653 points.

Reuters and the Associated Press put Friday’s close at 52,215.16, down 1.23 percent. Brent settled at $116.72, the highest since April 29. Thursday’s note was the Nasdaq. This one is Friday.

Traders work the floor of the New York Stock Exchange. One man in a blue jacket writes on a tablet while another, in a vest, watches the screens.

Markets

The Nasdaq fell 2.6 percent.

The Associated Press said Thursday’s drop, 694 points to 26,008.86, was the composite’s worst day since June. The S&P 500 fell 1.2 percent. The Dow rose. Meta fell 7 percent, the Times reported.

A Southwest jet, blue with a red and gold tail, flies with the landing gear down against a clear sky.

Airlines

Southwest cut its forecast as fuel stays high.

Adjusted third-quarter profit was 66 cents a share, above the 58 cents analysts expected. The carrier cut its full-year range to $2.60 to $2.85, from $3.25 to $4.25, and sees fourth-quarter fuel at $4.55 a gallon.