Economy

Vessels anchored in the Strait of Hormuz off Bandar Abbas in southern Iran as oil prices today push Brent crude above $91 a barrel

Oil Prices Today, August 18, 2026: Brent Above $91 as Trump Rules Out an Extension

Oil prices today, August 18, 2026: Brent crude is above $91 a barrel, rising for a third consecutive session after Donald Trump ruled out extending the interim deal with Iran and threatened

August 18, 2026

by Economy Desk

Germany gas storage facilities at below-average capacity in August 2026 as EU braces for winter energy crisis

Germany Gas Storage at 49.68% Entering Autumn as EU Braces for Worst Winter Since 2022 Crisis

Germany's gas storage stands at 49.68 percent of capacity as of August 17, placing Europe's largest economy 17 percentage points below historical norms with winter approaching and European gas futures trading 41 percent above last year's levels.

August 18, 2026

by Amanda Graham

Proposed Iraq-Syria oil pipeline route bypassing the Strait of Hormuz to the Mediterranean port of Banias

Iraq-Syria Oil Pipeline to Bypass Hormuz Faces $15 Billion Cost, Four-Year Wait

The United States Treasury Secretary Scott Bessent claimed that more than half of Hormuz oil exports

Golden Nugget Atlantic City casino resort interior showing gaming floor upgrades

Atlantic City Casino Revenue July 2026: Internet Gaming Record Fuels Second-Best Month in a Decade

Atlantic City's nine casino hotels generated $678.1 million in total gaming revenue in July 2026, second-highest

Andrei Klepach VEB RF chief economist fired Russia Ukraine war wartime economy

Russia Ukraine War: VEB Chief Economist Klepach Fired for Warning Moscow Cannot Win War of Attrition

VEB.RF has dismissed its 12-year chief economist Andrei Klepach after his warning that Russia cannot win the Ukraine war of attrition circulated at the highest levels. The firing reveals how little space

August 18, 2026

Business·Economy·Government and Politics·News

Natural gas infrastructure in Europe as Germany faces a multi-year low in gas storage levels ahead of winter 2026

Germany Gas Storage at Multi-Year Low as INES Warns of Winter Supply Risk

Germany's gas storage hit 49.68% of capacity on August 17, trailing all recent years at this point, with INES warning injection rates are insufficient for winter. The EU-wide deficit — worst since

August 18, 2026

Business·Economy·News

An anti-US billboard on a Tehran street as the US-Iran memorandum expires and oil prices today hold near $88 a barrel

Oil Prices Today, August 17, 2026: Brent $88.31 as the US-Iran Deadline Passes

Oil prices today, August 17, 2026: Brent crude is at $88.31 a barrel and WTI just above $82, barely moved on the day the US-Iran memorandum expired with no extension. The reserve

August 17, 2026

Business·Conflicts, Military and War·Economy·Markets·News

Japan economy GDP Q2 2026 growth miss consumer spending Bank of Japan

Japan Economy Grows Just 1.1% in Q2 2026, Missing Forecasts as Consumer Spending Retreats

Japan's economy expanded 1.1 percent annualized in the second quarter of 2026, missing market expectations as household spending pulled back despite record nominal wage gains. The result forces the Bank of Japan

August 17, 2026

Business·Economy·News

USDA chart showing U.S. cattle and cow inventory declining to near 70-year lows, driving Tyson Foods beef plant closures and restructuring

Tyson Foods Closes Eagle Mountain Beef Plant, Cutting 723 Utah Jobs in Industry-Wide Restructuring

Tyson Foods is eliminating 723 positions at its Eagle Mountain, Utah beef plant as part of a restructuring that will concentrate North American beef production in three Midwest facilities — a direct

August 16, 2026

Business·Economy·News

Ships in the Strait of Hormuz near Bandar Abbas Iran, the waterway whose closure is holding oil prices today near 90 dollars a barrel

Oil Prices Today, August 16, 2026: Brent at $88.52 as the US Blockade Holds Hormuz Shut

Oil prices today, August 16, 2026: Brent settled Friday at $88.52 a barrel and WTI at $82.40, both more than five percent higher on the week after Washington said its naval blockade

August 16, 2026

Business·Conflicts, Military and War·Economy·Markets·News

Colombian President Abelardo de la Espriella speaks about earthquake reconstruction and US tariff suspension request

Colombia Asks Trump to Suspend Tariffs as Earthquake Death Toll Reaches 294

Colombia's President de la Espriella asked Trump to suspend tariffs as a 7.4-magnitude earthquake killed 294, wounded 3,935, and left a $6.4 billion reconstruction bill. Washington raised tariffs from 10% to 12.5%

August 16, 2026

Business·Economy·Government and Politics·News

PayPal Rejects Stripe’s $53B Bid, Pushes for Higher Price in Acquisition Talks

PayPal's board rejected Stripe and Advent International's opening bid of $60.50 per share, roughly $53 billion, and is pushing for a higher price as both sides continue negotiating. A deal announcement could

August 15, 2026

Business·Economy·Markets·News

Iran crisis Strait of Hormuz US negotiations ceasefire

US Retail Sales Fall Most in Over a Year; Iran Ceasefire Expires Sunday

American consumers pulled back on spending in July for the first time in nine months, retail sales falling 0.6 percent in the sharpest monthly decline since May 2025. The drop came despite

August 14, 2026

Business·Economy·News

Iran conflict and Strait of Hormuz oil standoff as Bessent threatens unprecedented sanctions

Bessent Warns Iran of Economic Measures ‘Never Seen in History’ as Hormuz Standoff Tightens

Treasury Secretary Bessent threatened Iran with economic measures 'never seen in the history of economic isolation' as a tanker was struck in the Strait of Hormuz and Brent crude climbed to $87.93,

August 14, 2026

Conflicts, Military and War·Economy·News

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Economy

Oil Prices Today, August 18, 2026: Brent Above $91 as Trump Rules Out an Extension

Germany Gas Storage at 49.68% Entering Autumn as EU Braces for Worst Winter Since 2022 Crisis

Iraq-Syria Oil Pipeline to Bypass Hormuz Faces $15 Billion Cost, Four-Year Wait

Atlantic City Casino Revenue July 2026: Internet Gaming Record Fuels Second-Best Month in a Decade

Russia Ukraine War: VEB Chief Economist Klepach Fired for Warning Moscow Cannot Win War of Attrition

Germany Gas Storage at Multi-Year Low as INES Warns of Winter Supply Risk

Oil Prices Today, August 17, 2026: Brent $88.31 as the US-Iran Deadline Passes

Japan Economy Grows Just 1.1% in Q2 2026, Missing Forecasts as Consumer Spending Retreats

Tyson Foods Closes Eagle Mountain Beef Plant, Cutting 723 Utah Jobs in Industry-Wide Restructuring

Oil Prices Today, August 16, 2026: Brent at $88.52 as the US Blockade Holds Hormuz Shut

Colombia Asks Trump to Suspend Tariffs as Earthquake Death Toll Reaches 294

PayPal Rejects Stripe’s $53B Bid, Pushes for Higher Price in Acquisition Talks

US Retail Sales Fall Most in Over a Year; Iran Ceasefire Expires Sunday

Bessent Warns Iran of Economic Measures ‘Never Seen in History’ as Hormuz Standoff Tightens

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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