August 31, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Oil Rising

Please click here for a chart of oil ETF (USO).

Note the following:

• The chart shows oil is rising this morning.
• The chart shows oil has risen significantly from the low in early July when optimism about the Iran deal prevailed.
• Oil is important because it contributes to inflation and inflation has proven to be sticky.
• The move up in oil is the result of the U.S. striking two rocket launchers on Larak Island.  The U.S. said that Iran was getting ready to launch rockets with sea mines into the Strait of Hormuz.