A potential agreement on the Strait of Hormuz could reduce geopolitical tensions and lower oil price risk premiums. US Treasury Secretary Scott Bessent indicated a deal to stabilize shipping through the Strait of Hormuz may be finalized within days. Negotiations are advanc
A 25-state lawsuit seeks to block 10%-12.5% tariffs on 99.4% of U.S. imports, calling them unlawful and procedurally flawed. Twenty-five states sued the Trump administration to invalidate tariffs of 10% or 12.5% imposed on 60 trading partners, covering 99.4% of U.S. import
Qatar's Foreign Ministry spokesperson, Majed Al Ansari, confirms during the European trading session on Tuesday that efforts are ongoing with the United States (US) and Iran to seek a diplomatic resolution. Ansari added, “What is important right now is getting back to the
In brief - Trezor and Foundation both reported a surge in phishing attempts targeting hardware wallet owners following the Coldcard exploit. - Proofpoint identified a phishing campaign targeting Coldcard holders with a cloned site and "Hardware Audit" that installs remote-access...</stron
Proposed joint supervision of the Strait of Hormuz could limit unrestricted navigation and introduce new fees for vessels. Iran and Oman are finalizing an agreement to jointly manage shipping traffic through the Strait of Hormuz, a critical chokepoint for global oil flows.
Average 30-year fixed mortgage rates dip 1 basis point to 6.64% as geopolitical tensions ease with Iran. Mortgage rates showed minimal movement on August 4, 2026, following the U.S. decision to pause airstrikes in Iran and pursue diplomatic efforts. The average 30-year fix
The lawsuit challenges the legality of recent tariffs, arguing they misuse forced labor allegations to extend trade restrictions. Twenty-five states filed a lawsuit against the Trump administration, alleging its latest tariffs improperly use forced labor as justification f
Saudi Aramco's earnings soar as geopolitical tensions and supply fears drive oil prices above $100 per barrel. Saudi Aramco reported a 44% year-over-year increase in second-quarter net profit, reaching $32.69 billion. The surge follows higher oil prices driven by the US-Ir
Crossings in the Strait of Hormuz and Bab el-Mandeb remain low, with only 15 tankers recorded Monday amid geopolitical tensions. Tanker traffic in two critical Middle East chokepoints remained subdued Monday despite reports of potential peace talks. Only three tankers cros
Ongoing crisis aggravates biggest supply shock in history The world is facing a significant oil supply shock due to the ongoing Middle East crisis. To replenish depleted inventories, the world would need 18 months at an average rate of 2.1 million barrels a day if the Stra
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