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Oil prices surged to a six-week high today as the US and Iran traded fresh strikes near the Strait of Hormuz, with Iran’s top negotiator warning of a “faster, heavier, and more painful response” and reports that Saudi Aramco facilities were hit. Tehran also plans to announce a p…
US strikes on Iranian crude carriers over the weekend have pushed oil prices sharply higher and sent bitcoin nearly 1% lower, as markets price in a sustained confrontation in the Gulf. Iran’s security chief responded by announcing a restricted zone outside the Strait of Hormuz, …
The week opens with the US military striking three Iranian oil tankers after missiles targeted Navy warships, a direct escalation that threatens global crude supply and compounds the pressure on Federal Reserve Chair Kevin Warsh, who faces a rate hike decision in ten days while …
Wall Street took a sharp hit on Friday after a hotter-than-expected US jobs report reignited rate hike fears, with the Dow tumbling more than 260 points. The selloff came as a broader unease about American financial reliability deepened: the Netherlands confirmed it had moved to…
Bitcoin climbed back above $81,000 on Friday as traders priced out a September Federal Reserve rate hike, with Zcash jumping 15% to lead the rally. The move extends the pattern Mu identified yesterday: while Standard Chartered began offering spot bitcoin and ether trading in Du…
The most serious direct US-Iran military confrontation in decades has deepened, with Iran retaliating against American bases after a US strike hit a wedding party, and President Trump threatening further escalation. The BBC reports fears of all-out war, while Al Jazeera document…
The escalation between the US and Iran is the day’s defining event. Iran launched strikes on US bases in the Middle East after a US attack hit a wedding party in southern Iran, killing a child and wounding others, according to the Iranian Red Crescent. Oil surged past $90 and g…
Shein’s shares fell 9% on their Hong Kong debut, confirming the cautious reception Mu analysed — the fast-fashion giant’s model of ultra-cheap, rapid production is meeting growing investor scrutiny over supply chains and sustainability. The listing came as a tanker was struck in…
The US launched strikes on Iran’s Larak Island for the first time since late July, killing two people and prompting Tehran to vow a “decisive response”. Hours later, Iran struck US bases in Jordan, escalating a conflict that has already sent oil prices surging and stock futures …
A growing tech backlash is reshaping markets and politics, as AI angst and social media fears converge. Sony Music and Warner sued Anthropic, alleging a “brazen campaign” of intellectual property theft, while OpenAI escalated its feud with Elon Musk by ending model access to Cur…
The biggest story today is the blockbuster deal between the US and Venezuela, with President Trump claiming control over 65 billion barrels of oil reserves — what he calls the “biggest oil deal in world history.” The agreement, brokered with Venezuela’s interim government, is bi…
Six months into the US-led military campaign in Iran, markets have grown accustomed to a grinding stalemate that has far exceeded initial estimates of four to six weeks, as CNBC reports. This prolonged conflict continues to ripple through global energy prices and investor sentim…
A catastrophic flash flood along the Nepal-Tibet border has killed at least 160 people after a Himalayan glacier collapse, with hundreds still missing as rescue teams struggle to reach affected areas. The disaster comes as wildfires rage on two continents: more than 150 blazes a…
The day’s dominant story is a convergence of geopolitical flashpoints and corporate realignments, with markets cautiously eyeing US inflation data and Nvidia earnings. Bitcoin held near $79,000 after a strong weekly gain, though most altcoins slipped as traders took profits, wh…
The US has launched what it calls the “greatest financial offensive ever” against Iran, branding it “Operation Economic Outcast” — a sweeping sanctions campaign that follows the destruction of Iranian military and nuclear sites. Tehran says it is ready to counter the pressure, a…
The US is set to unveil its “greatest financial offensive” against Iran, with Treasury Secretary Bessent preparing what Washington calls the toughest-ever sanctions campaign, while Tehran mocks the move as “the same movie on repeat” and threatens ship seizures in the Gulf. Oil p…
The US-Canada trade war escalated sharply today, with talks collapsing and Canadian Prime Minister Mark Carney announcing retaliatory tariffs starting September 8 after new 50% US levies on some Canadian exports took effect. Canadian premiers fired back, saying “you just can’t t…
The US-Canada trade war escalated sharply on Friday, with talks breaking down and Canada vowing to match new American tariffs “dollar for dollar” — a 50% levy on $20 billion of Canadian imports now in effect. The breakdown sent stocks lower for the week, though the Dow surged 5…
Bitcoin surged past $75,000 for the first time in months, part of a broader crypto rally that has wiped out $3.8 billion in short positions over two days, with XRP enjoying its best week and a $2 million options bet on further volatility. The moves come as traditional markets…
US President Donald Trump announced what he called an “economic warfare” campaign against Iran, threatening “tremendous” consequences for its backers under the banner Operation Economic Fury. The declaration, which extends a pressure campaign since April, immediately rattled glo…