Economy Desk

Covering markets, economic policy, inflation, and business news that shapes financial decisions.

US Treasury Secretary Scott Bessent speaks at G20 finance ministers meeting about the Strait of Hormuz oil pipelines

Bessent Says Strait of Hormuz Will Be ‘Worthless’ in Two Years as Oil Shifts to Land

US Treasury Secretary Scott Bessent declared at the G20 finance ministers' meeting that the Strait of Hormuz will be 'worthless' in two years as oil shifts to land pipelines. The prediction landed

September 1, 2026

by Economy Desk

Gold and silver precious metals market September 2026 US spot price

The Fed Pivoted Hawkish at Jackson Hole. That Is Why Silver Is $66.79 Today and Not Higher.

Silver is at $66.79 per troy ounce on September 1, 2026 — 45% below February's $122 record reached when China imposed export controls on the metal. The Fed's hawkish Jackson Hole signal raised rate-hike odds to 64 percent, and whether

September 1, 2026

by Economy Desk

Silver bullion coins and bars reflecting India silver price today September 2026

After Falling 45% From Its February Record, Silver Opens India’s Festival Season at ₹255 to ₹263 Across Cities

Silver in India has fallen 45% from February's $122 global record, settling into a ₹255 to

Fairlife protein shakes and ultra-filtered milk products affected by Coca-Cola ransomware attack July 2026

Coca-Cola’s All-Time High Is in the Rearview as Fairlife Ransomware Costs Stay Hidden

Coca-Cola shares closed at $89.66 on August 28, retreating from an all-time high of $91.99 set

SpaceX Starship rocket at Starbase Texas prepared for test flight ahead of IPO 2026

SpaceX’s IPO Is Built on Tesla’s Retail Army — and the S&P 500 Won’t Save It If They Blink

SpaceX’s June 12 debut allocates up to 30% of shares to retail investors — triple the typical rate — while S&P Dow Jones’s refusal to bend its profitability rule means no passive

June 7, 2026

Business·Economy·News

JPMorgan Chase headquarters as bank goes neutral on Turkish assets over election and dollarization risks

JPMorgan Goes Neutral on Turkey as Election Risk and Dollarization Fears Rattle Wall Street

JPMorgan has stepped back from structural long positions on Turkish assets, citing the unpriced risk of snap elections before year-end and the threat of precautionary dollarization — a retreat that coincides with

June 6, 2026

Business·Economy·News

World Bank approves EUR 191.5 million loan for Turkey Green and Future Cities Project in Antalya and Konya

World Bank Approves €191.5 Million Loan to Modernize Turkey’s Cities of Antalya and Konya

The World Bank approved a €191.5 million loan for Turkey's Green and Future Cities Project, targeting transport, water, and sanitation upgrades in Antalya and Konya — a bet on municipal creditworthiness as

June 6, 2026

Business·Economy·News

Gold bars and bullion representing the spot gold market as prices fall below the 200-day moving average in June 2026

Gold Slides Below 200-Day Average as Blowout Jobs Report Kills Fed Rate-Cut Hopes

Spot gold tumbled to its lowest level since March after a blowout May jobs report sent Treasury yields surging and extinguished what remained of the market's rate-cut expectations. The breakdown below the

June 6, 2026

Business·Economy·News

Cargo containers stacked at an Italian port amid declining throughput in Q1 2026

Italy’s Ports Split as Hormuz Closure Rewrites Mediterranean Trade Routes

Container throughput at Italian ports fell 4.6 percent in the first quarter of 2026 as the Hormuz closure fractured Mediterranean trade along a sharp geographic fault line, with Trieste absorbing the worst

June 6, 2026

Business·Economy·News

Rosneft CEO Igor Sechin speaks at the SPIEF 2026 energy panel in St. Petersburg

Sechin at SPIEF: Russia Guarantees Oil Supplies to China and India Amid Global Energy Disruption

Rosneft CEO Igor Sechin declared at SPIEF 2026 that Russia cannot be excluded from global supply chains, guaranteeing stable crude deliveries to China and India even as Western sanctions and Hormuz disruptions

June 6, 2026

Business·Economy·News

Igor Sechin Rosneft CEO at SPIEF 2026 energy panel St. Petersburg

Sechin Says Hormuz Reopening Would Push Brent to $95–96 by Year-End, Then Drop to $80–85 in 2027

Rosneft CEO Igor Sechin told SPIEF on Saturday that reopening the Strait of Hormuz now would send Brent crude to $95–96 per barrel by year-end, but cautioned that a full return to

June 6, 2026

Business·Economy·News

Rosneft CEO Igor Sechin at the SPIEF 2026 energy panel discusses the Strait of Hormuz crisis and oil prices

Sechin Warns Oil Could Hit $250 If Russia’s 7 Million Barrels Are Pushed From Market

Rosneft CEO Igor Sechin told the SPIEF energy panel that attempts to eliminate Russian oil exports would add $100 to an already strained market, pushing global prices toward $250 to $260 per

June 6, 2026

Business·Economy·News

Delegates at the SPIEF 2026 closing session in St. Petersburg, Russia

SPIEF 2026 Closes With $89.57 Billion in Deals as 142 Nations Defy Sanctions to Do Business With Russia

Russia's flagship investment forum closed Saturday with 1,084 agreements totaling 6.64 trillion rubles — a marginal increase on both the 2024 and 2025 figures — signed under conditions of record Western sanctions

June 6, 2026

Business·Economy·News

Attendees at SPIEF 2026 St. Petersburg International Economic Forum energy panel

Energy Transition Faces a Metal Reckoning, Sechin Warns at SPIEF 2026

Rosneft CEO Igor Sechin told the SPIEF 2026 energy panel that metal consumption in electricity generation, electric transport, and power grids will require nearly 200 million additional tonnes by mid-century — a

June 6, 2026

Business·Economy·News

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Economy Desk

Bessent Says Strait of Hormuz Will Be ‘Worthless’ in Two Years as Oil Shifts to Land

The Fed Pivoted Hawkish at Jackson Hole. That Is Why Silver Is $66.79 Today and Not Higher.

After Falling 45% From Its February Record, Silver Opens India’s Festival Season at ₹255 to ₹263 Across Cities

Coca-Cola’s All-Time High Is in the Rearview as Fairlife Ransomware Costs Stay Hidden

SpaceX’s IPO Is Built on Tesla’s Retail Army — and the S&P 500 Won’t Save It If They Blink

JPMorgan Goes Neutral on Turkey as Election Risk and Dollarization Fears Rattle Wall Street

World Bank Approves €191.5 Million Loan to Modernize Turkey’s Cities of Antalya and Konya

Gold Slides Below 200-Day Average as Blowout Jobs Report Kills Fed Rate-Cut Hopes

Italy’s Ports Split as Hormuz Closure Rewrites Mediterranean Trade Routes

Sechin at SPIEF: Russia Guarantees Oil Supplies to China and India Amid Global Energy Disruption

Sechin Says Hormuz Reopening Would Push Brent to $95–96 by Year-End, Then Drop to $80–85 in 2027

Sechin Warns Oil Could Hit $250 If Russia’s 7 Million Barrels Are Pushed From Market

SPIEF 2026 Closes With $89.57 Billion in Deals as 142 Nations Defy Sanctions to Do Business With Russia

Energy Transition Faces a Metal Reckoning, Sechin Warns at SPIEF 2026

Radical Islam is being appreciated by Indian authorities too

Bangladesh; India’s Biggest Ally or China’s Dragon Nest?

Ahmadis in Bangladesh face fresh threat of persecution

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