Brent crude surpasses $100 a barrel as Iran, US escalate attacks
Benchmark Brent crude hits $100, shaking markets and fuelling concerns over rising inflation pressures worldwide.
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Oil prices jump as US, Iranian attacks stoke fears of escalation
Brent crude tops $92 a barrel following first strikes between Washington and Tehran in over a month.
Iran economy could collapse within months, US Treasury’s Bessent warns
Treasury Secretary Scott Bessent weighs in on the US’s economic pressure campaign at a meeting of G20 finance ministers.
EXPLAINER
Who are the economic winners and losers of the US-Israel war on Iran?
Airlines and automakers have taken a hit, while banks and energy firms have raked in big profits.
US inflation holds at 3.7 percent in July, above Fed target
Inflation has worsened since the US and Israel attacked Iran, sending energy prices spiralling.
Canada hits US with counter-tariffs on more than 700 products
Canada imposes tariffs on $19.9bn of US goods which will take effect on September 8 as trade talks with Washington collapse.
Trump slams Canada with new 50 percent auto tariffs from January
Trump said tariffs on Canadian auto and steel will double to 50 percent from January 1.
US, Canada negotiators race to ink a deal as Trump’s tariff deadline looms
Experts say even a last-minute breakthrough will not result in the US lifting all its tariffs on Canadian goods.
Walmart sees sales drop as US consumer spending retreats
Fuel prices above $4 per gallon impact consumer behaviour, driving spending trade-offs and slowing Walmart’s growth.
Oil flows nearly tripled before US-Iran MoU expired, analysis shows
Some 374 million barrels of oil exited the Gulf during 60-day window covered by MoU, Kpler data shows.
South Korea’s rookie investors lose small fortunes amid AI stocks frenzy
South Korea’s stock market has attracted a wave of novice investors amid booming demand for chips used in AI.
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