Market Open: Stocks Lower, Oil Hits Highest Since June, Gas Prices Pop • 9/9/26

Summary

CNBC's Jessica Edinger reports a lower market open as rising oil prices and US-Iran tensions weigh on stocks. Jim Cramer and Energy Aspects' Amrita Sen warn crude can move sharply higher on depleted reserves and massive inventory drawdowns. The update also covers Treasury Secretary Bessent's yen warning, Apple's product event, Trump's Canadian import bans, and NFL valuations.

• Major US averages open lower with Dow down 330 points as oil rises.
• Brent crude tops $100 a barrel and US crude hovers near $96.
• Jim Cramer fears depleted strategic petroleum reserves let oil spiral higher.
• Amrita Sen says China is buying oil and global crude inventories are drawing sharply.
• Treasury Secretary Scott Bessent warns traders against betting against the yen.
• Gasoline and diesel prices hit new highs.
• Apple shares slip before its product event; Canadian import bans and NFL valuations also noted.