New York, 22 September 2026 – Donald Trump is set to address the United Nations General Assembly as the war with Iran, high energy prices and doubts about multilateral cooperation create a difficult backdrop for markets. The speech is a scheduled event; investors should not treat any policy outcome as decided before it is delivered. The immediate concern is how the administration frames its next steps on the conflict and the movement of oil through the Middle East.
The Iran war has disrupted energy flows and added a large geopolitical premium to crude. Brent has hovered around US$100 a barrel, compared with roughly US$70 before the latest conflict, according to the contemporaneous account. Passage through the Strait of Hormuz has improved with United States naval assistance, but remains below pre-war levels. For Asian importers, that gap affects fuel bills, shipping costs, inflation expectations and and central-bank policy choices.
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