Economy

Federal Reserve Board building in Washington as the FOMC raises interest rates for the first time since 2023

Warsh Raises Rates for First Time Since 2023 as Iran War Drives Inflation to 3.7%

The Federal Reserve raised interest rates Wednesday for the first time since 2023, lifting the benchmark to 3.75–4.00 percent as Iran war-driven oil costs push annual inflation to 3.4 percent. Emerging economies

September 16, 2026

by Amanda Graham

Federal Reserve Chair Kevin Warsh at the Jackson Hole Economic Symposium, where his hawkish speech all but cemented the September 2026 rate hike

Federal Reserve Opens Two-Day Meeting With Rate Hike All But Certain

Kevin Warsh's Fed opens its September meeting Tuesday with markets pricing 91 percent odds of the first rate hike since 2023. The move would push the federal funds range to 3.75–4 percent, hiking into Iran-driven energy inflation the Fed's tools

September 16, 2026

by Amanda Graham

Binance cryptocurrency exchange linked to case involving Iranian oil proceeds

US Prosecutors Say Hong Kong Firms Moved Iranian Oil Proceeds Through Binance

Federal prosecutors in Manhattan have accused two Hong Kong-based companies of using cryptocurrency accounts on Binance

Smoke rises from a pumping station on Saudi Arabia's East-West Crude Oil Pipeline after drone strikes in September 2026

Saudi Arabia Scrambles to Restore Oil Bypass After Drone Strikes Shut East-West Pipeline

Saudi Arabia shut its East-West Pipeline after drone strikes on September 10-11 damaged pump stations, cutting

Protesters in La Paz Bolivia demonstrate against IMF loan conditions in 2026

Bolivia’s Economy Minister Says IMF Set No Conditions on $1.9 Billion Loan. The Deal Lists Several.

Bolivia's Economy Minister Christian Morales told RIA Novosti the IMF imposed no directives and that Bolivia remains fully independent in managing its economic policy — a characterization that sits alongside an Extended

September 14, 2026

Business·Economy·News

US consumer confidence falls to second-lowest on record as Iran war drives gasoline prices higher

US Consumer Confidence at Second-Lowest on Record as Iran War Fuels Inflation Anxiety

US consumer confidence dropped to 47.8 in September, second-lowest on record, as gasoline prices driven by the Iran war pushed inflation expectations to 4.6 percent. The reading arrives 48 hours before the

September 14, 2026

Business·Economy·News

Red Sea map showing Houthi control of Hanish islands and Bab el-Mandeb Strait with oil tanker routes

Houthis Seize Two More Red Sea Islands as Oil Hits $107 Ahead of Fed Rate Decision

Yemen's Houthi rebels seized Greater and Lesser Hanish islands in the southern Red Sea on Monday, completing a four-day campaign that has cut off Saudi Arabia's last viable oil export route. Brent

September 14, 2026

Business·Conflicts, Military and War·Economy·News

Satellite imagery showing fire damage at Saudi Arabia's East-West pipeline pumping station after drone strikes in September 2026

Iran’s IRGC Shoots Down US Drone Over Hormuz as Saudi Pipeline, Bab al-Mandab Shut Simultaneously

Iran's IRGC claimed Monday it destroyed a US MQ-1 drone over the Strait of Hormuz, compounding a three-front oil supply crisis after drones knocked out Saudi Arabia's East-West pipeline and Houthi forces

September 14, 2026

Conflicts, Military and War·Economy·News

US consumer price index chart showing August 2026 inflation at 3.4 percent with gasoline price surge from Iran war

Inflation Hits 3.4% as Iran War Gas Prices Push Fed Rate Hike Odds to 90%

US consumer prices rose 3.4% annually in August with gasoline up 3.9% for the month, driven by the Iran war's grip on global oil supplies. The Federal Reserve meets September 16, and

September 13, 2026

Business·Economy·News

Xi Jinping arrives in India for BRICS summit amid India-China trade imbalance 2026

India Buys Seven Times More From China Than It Sells as Xi Arrives for BRICS Summit

As Xi Jinping arrives in India for the BRICS summit, bilateral trade has swelled to $151 billion with India buying seven times more than it sells to China. The structural dependency cuts

September 13, 2026

Business·Economy·News

Leaders at the 18th BRICS Summit in New Delhi's Bharat Mandapam, September 12, 2026

BRICS Nations Launch Dollar-Alternative Payment Network as Trump Threatens 100% Tariffs

BRICS leaders in New Delhi endorsed BRICS Pay, a payment messaging network routing transactions outside SWIFT, and a gold-backed Unit token in the New Delhi Declaration 2026 — the most concrete steps

September 12, 2026

Business·Economy·News

Canadian Prime Minister Mark Carney at press conference announcing $27.6 billion in retaliatory tariffs on US goods

Canada Activates $27.6 Billion Counter-Tariff Package Against US as Trade War Deepens

Canada's $27.6 billion counter-tariff package took effect at midnight September 8, putting duties of up to 50 percent on American steel, aluminum, dairy and appliances. Prime Minister Mark Carney, who declared Canada

September 9, 2026

Business·Economy·News

Canadian Prime Minister Mark Carney announces retaliatory tariffs on US goods as trade war escalates

Canada’s $27.6 Billion in Retaliatory Tariffs Take Effect as Carney Declares Trade War on Trump

Canada's $27.6 billion in retaliatory tariffs on US goods took effect Monday, covering 700 product categories as PM Mark Carney suspended trade talks and declared Washington had started a war. The rupture

September 9, 2026

Business·Economy·News

Brent crude oil price crossing $100 a barrel on markets as US-Iran conflict intensifies in September 2026

Oil Crosses $100 as US-Iran Tanker War and Houthi Strikes on Saudi Arabia Rattle Markets

Brent crude crossed $100 a barrel on Wednesday as US forces destroyed five Iranian tankers, Iran fired twenty missiles at a US base in Jordan, and Houthi attacks set oil installations ablaze

September 9, 2026

Business·Conflicts, Military and War·Economy·News

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Economy

Warsh Raises Rates for First Time Since 2023 as Iran War Drives Inflation to 3.7%

Federal Reserve Opens Two-Day Meeting With Rate Hike All But Certain

US Prosecutors Say Hong Kong Firms Moved Iranian Oil Proceeds Through Binance

Saudi Arabia Scrambles to Restore Oil Bypass After Drone Strikes Shut East-West Pipeline

Bolivia’s Economy Minister Says IMF Set No Conditions on $1.9 Billion Loan. The Deal Lists Several.

US Consumer Confidence at Second-Lowest on Record as Iran War Fuels Inflation Anxiety

Houthis Seize Two More Red Sea Islands as Oil Hits $107 Ahead of Fed Rate Decision

Iran’s IRGC Shoots Down US Drone Over Hormuz as Saudi Pipeline, Bab al-Mandab Shut Simultaneously

Inflation Hits 3.4% as Iran War Gas Prices Push Fed Rate Hike Odds to 90%

India Buys Seven Times More From China Than It Sells as Xi Arrives for BRICS Summit

BRICS Nations Launch Dollar-Alternative Payment Network as Trump Threatens 100% Tariffs

Canada Activates $27.6 Billion Counter-Tariff Package Against US as Trade War Deepens

Canada’s $27.6 Billion in Retaliatory Tariffs Take Effect as Carney Declares Trade War on Trump

Oil Crosses $100 as US-Iran Tanker War and Houthi Strikes on Saudi Arabia Rattle Markets

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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