Polylog

Friday, October 9, 2026

Macro

Brent Returns Above $100 and Central Banks Turn Tighter in a Week That Hurt Oil Importers

The Reserve Bank of India raised its main rate for the first time since February 2023, the rupee traded close to its all-time low, and Brazilian assets rose sharply after Flávio Bolsonaro finished first in the first round.

3 sources

What to watch

More trends →
  1. 01

    Iran's written reply to the US counteroffer on its seven-day Hormuz plan, and whether the number of tanker attacks logged by the UK maritime agency rises or falls.

  2. 02

    Runoff polling in Brazil before October 25, since Brazilian stocks and the real already reflect a Flávio Bolsonaro win.

Executive summary

Brent crude stayed above $100 a barrel after Iranian attacks on tankers, long-term US Treasury yields reached their highest levels since 2002, and India's central bank raised rates for the first time since February 2023. Brazilian stocks rose 7.7% after Flávio Bolsonaro finished first in the presidential first round.