🛑🛑🛑 Speaking during a television interview, Moulin stressed that the burden of correcting fiscal imbalances lies directly with national governments and parliaments, rather than the central bank.

🛑🛑🛑🛑🛑 ECB policymaker Moulin said relying on the ECB to intervene is "flawed reasoning".

🛑🛑🛑 ECB Governing Council member Moulin said policymakers must take all measures to avert a sovereign debt crisis.

🛑 Dated Brent ~ $123.50🛢️

🛑 ONE MORE TIME 🛑 Refinitiv: A senior Iranian official said the Strait of Hormuz will remain closed until Iran's conditions are met, and Tehran will only enter nuclear talks with the United States once those conditions are satisfied.

🛑🛑🛑 ECB policymaker Moulin said he has no concerns about France’s ability to finance itself.

🛑🇮🇹 ENI said Italy will impose price caps on diesel and gasoline from Sept 28 for 30 days, with a possible extension through year-end.

🛑🇷🇺 Perm refinery, Russia's seventh-largest, hit by Ukrainian drones and taken offline 🛑🇷🇺 Two industry sources said the Perm refinery has stopped operations after a Ukrainian drone attack on Friday that sparked a fire and damaged pipelines, storage tanks and processing units. The plant, about 1,460 km northeast of Moscow, processed roughly 12.6 mln tonnes of crude in 2024 (about 252,000 b/d) and produced ~2.0 mln t gasoline, 5.3 mln t diesel, 0.2 mln t fuel oil and 0.7 mln t petroleum coke.