Brent nears $98 as US strikes Iranian tankers, Saudi Arabia halts southern energy sites

September 9, 2026 at 11:25 AM2 min

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Brent crude rose to $97.9 per barrel on Tuesday after US forces destroyed five Iranian oil tankers in the Middle East. Saudi Arabia suspended energy facilities across its southern region following attacks claimed by the Houthis. The KASE index gained 0.7% to 8,096.3 points, supported by Kaspi and Kazatomprom.

Key Facts

Brent crude rose 1.0% to $97.9 per barrel on Tuesday after US forces destroyed five Iranian oil tankers.
Saudi Arabia suspended energy facilities across its entire southern region after attacks claimed by the Houthis.
The KASE index closed up 0.7% at 8,096.3 points, with Kaspi and Kazatomprom each gaining 1.6%.
The weighted average USDKZT rate was 454.39 tenge per dollar, up 0.12 tenge, on trading volume of $376.3 million.
TONIA fell to 15.84% from 15.89%, while the National Bank's deposit auction attracted 878.2 billion tenge at 16.75%.

Oil Market Shock

Brent crude rose to $97.9 per barrel, up 1.0%, after US forces destroyed five Iranian oil tankers on Tuesday in response to attempted attacks on American warships. US Central Command said an American warship successfully evaded an Iranian attack and no US personnel were injured. Saudi Arabia suspended energy facilities across its southern region after attacks claimed by the Houthis, who are blocking Saudi oil shipments from the Red Sea.

Currency and Money Markets

The weighted average USDKZT rate was 454.39 tenge per dollar, up 0.12 tenge, on trading volume of $376.3 million, down $2.0 million. TONIA decreased to 15.84% from 15.89%, remaining below the National Bank's base rate of 16.25%, while SWAP-1D fell to 12.04% from 12.76%. Demand at the National Bank's deposit auction recovered to 878.2 billion tenge, up 103.2 billion, and was fully satisfied at 16.75% per annum. The National Bank's open position decreased to about 7.6 trillion tenge.

Equity and Debt Markets

The KASE index rose 0.7% to close at 8,096.3 points on Tuesday. Kaspi and Kazatomprom each gained 1.6%, while KEGOC added 0.9% and Air Astana rose 0.8%. Air Astana bought back 34,700 of its own GDRs for $213,500. The Ministry of Finance issued bonds worth 190 billion tenge with maturities from 1 to 14 years and yields of 13.94–15.87% per annum.