Bessent's Iran Sanctions: A Threat That May Not Bite
US Treasury sanctions on Iran aim to strangle its economy, but effectiveness is uncertain and Iran's response remains the key variable for markets.
Economy
Gold Scales Fresh Highs as Treasury Buyback Plan Fuels Rally
Gold extended its rally to a four-month high, driven by the US Treasury's expanded buyback program, as investors await key inflation data and Fed guidance.
Iran Vows Retaliation as US Expands Sanctions, Warns Trading Partners
Iran promises to respond to new US sanctions, which target its economy but stop short of the harshest measures.
Woodside Energy beats profit forecasts as Middle East tensions lift oil prices
Woodside Energy's first-half profit edged past estimates on higher oil prices, prompting a dividend hike and a new cost-cutting target.
Canada Signals Openness to Talks If US Shows 'Right Attitude'
Canada's PM says talks with the US are possible if Washington adopts a cooperative stance, after Trump threatened 50% tariffs on cars and steel.
Mexico resumes limited cattle exports to US after two-year screwworm ban
Mexico restarted live cattle exports to the US under tight limits, easing pressure on ranchers hit by a screwworm outbreak.
US widens Iran sanctions, warns trading partners to cut ties
The US announced new sanctions on Iran, targeting 60 entities and warning global partners to sever business ties or face exclusion from the dollar system.
US Treasury Chief Warns Nations: Cut Iran Ties or Face Sanctions
US Treasury Secretary Bessent announced new sanctions on Iran, warning countries to sever financial ties or face retaliation.
Bordeaux's Earliest Harvest on Record as Heat and Drought Cut Wine Output
Extreme heat and drought in Bordeaux have triggered the earliest harvest on record, with yields down about 20% and production at a 40-year low.
US-Canada Trade War: A Timeline of Escalation and Collapse
A detailed timeline of the escalating US-Canada trade war, from initial tariffs to the collapse of talks in August 2026.
Iran's parliament speaker rejects US 'economic D-Day' sanctions warning
Iran's parliament speaker dismissed US 'economic D-Day' sanctions threats as 'nonsense', asserting Washington lacks leverage to isolate Tehran.
Brazil's Lula camp weighs social security levy on firms using contractors
Brazil's government, eyeing Lula's re-election, is studying measures to make firms with many contractors pay social security contributions.
Michigan furniture maker says Canada tariffs threaten family income
A Michigan furniture business owner says 50% tariffs on Canadian imports are cutting into profits and family income, as cross-border tensions rise.
US slaps 50% tariffs on Canadian honey, hockey sticks and more
Washington's 50% tariffs on Canadian goods took effect, covering everything from honey to hockey sticks, with Ottawa promising dollar-for-dollar countermeasures.
Tehran's Daily Routines Continue as Washington Tightens Sanctions
As the U.S. prepares new sanctions on Iran, Tehran's daily life carries on amid economic strain and international warnings.
US lifts Syria's state sponsor of terrorism designation
The US has officially removed Syria from its state sponsors of terrorism list, clearing a major hurdle for investment and financial reintegration.
Ontario Premier Pledges Solidarity With Workers Amid New US Tariff Threat
Ontario Premier Doug Ford vows to stand by Canadian workers after Trump threatens 50% tariffs on autos, parts, and steel.
US Treasury Chief Warns of 'Economic Asphyxiation' in New Iran Sanctions Push
US Treasury Secretary Bessent threatens 'economic asphyxiation' of Iran, warning all nations and entities facilitating its oil trade will face sanctions.
France and Saudi Arabia Sign Major Investment Deals in Paris
France and Saudi Arabia signed agreements in Paris, including €6bn investment in theme parks and talks on Hormuz alternatives.
US unveils sweeping sanctions to isolate Iran's economy
Washington expands secondary sanctions to sever Iran's economic lifelines, warning trading partners of consequences.