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BREAKINGTrump threatens to bomb Oman as 60-day deadline for wider Iran deal expires

Russia’s second fuel crisis this summer: prices rise, rationing hits 59 regions, and motor oil runs short

Russia is facing a second major fuel crisis this summer. Gasoline prices have risen in many regions, at least 59 regions have strict sales limits, and fuel was available at only 28% of gas stations on August 16. Refinery shutdowns after drone strikes and shortages of imported additives are also disrupting motor-oil supplies, with some prices up 40%.

Energy & commoditiesRussiafuel crisisfuel rationingrefinery strikes

MMeduzaOriginal★★★★☆2026-08-20 20:11

Russia’s second fuel crisis this summer: prices rise, rationing hits 59 regions, and motor oil runs short

Walmart sales fall as US consumers pull back spending

Walmart’s US same-store sales grew 2.6 percent in the second quarter, below analysts’ 3.8 percent forecast and the slowest quarterly increase in six years. The retailer blamed petrol prices above $4 a gallon for prompting spending trade-offs, while tariffs and tensions with Iran also weigh on consumers. Walmart expects $2bn in additional fuel-related costs, though it raised its net sales growth forecast and reported a 24 percent rise in US e-commerce sales.

Macro & central banks Energy & commodities Companies & industryWalmartconsumer spendingfuel pricesUS economy

AAl JazeeraOriginal★★★☆☆2026-08-20 19:18

Walmart sales fall as US consumers pull back spending

Germany expects no winter gas shortage despite low storage levels — ministry

Germany’s Ministry for Economic Affairs says a gas shortage is not expected this winter despite storage facilities being only 50% full, the lowest level for this point in at least eight years. It says imports and storage reaching 60–70% by winter should cover average demand, while warning that prolonged cold, infrastructure failures or further LNG-market disruptions could raise risks. Gas companies and traders bear primary responsibility for preparing.

Energy & commoditiesGermanynatural gasenergy supply

TTASSOriginal★★★☆☆2026-08-20 18:59

Germany expects no winter gas shortage despite low storage levels — ministry

US extends license for talks on Lukoil’s foreign assets until September 19

The US Treasury has extended until September 19 a general license exempting negotiations over the sale, disposition or transfer of Lukoil International GmbH and its foreign assets from American sanctions. The license has been renewed repeatedly since restrictions were imposed on Lukoil and its subsidiaries last October.

Markets Energy & commodities Trade & sanctions Companies & industryLukoilUS sanctionsforeign assetsoil industry

TTASSOriginal★★★☆☆2026-08-20 17:41

US extends license for talks on Lukoil’s foreign assets until September 19

US may halt petroleum product exports this autumn — expert

US petroleum product exports could slow or stop in two months if restrictions on Middle Eastern supplies persist, Eiler analyst Andrey Polishchuk told TASS. He said dwindling strategic reserves may require a new market-balancing decision in 78 days, while autumn refinery maintenance could increase pressure on domestic supply.

Energy & commodities Trade & sanctionsUnited Statespetroleum productsstrategic reservesMiddle East

TTASSOriginal★★★☆☆2026-08-20 15:10

US may halt petroleum product exports this autumn — expert

China’s exports of aerospace-critical rare earth yttrium to U.S. rise

Chinese customs data showed that exports of rare earth yttrium to the United States increased in July. The rise could offer some relief to U.S. aerospace buyers that rely on the material for critical aviation applications.

Energy & commodities Trade & sanctions Companies & industryChinaUnited Statesrare earthsaerospace

RReutersOriginal★★★☆☆2026-08-20 15:10

China’s exports of aerospace-critical rare earth yttrium to U.S. rise

WorldHow China and Russia could hobble Trump’s plans to isolate Iran

Analysts say Iran’s extensive trade with China and Russia could make Trump’s effort to isolate Tehran difficult. The US president has threatened severe economic penalties against countries helping Iran evade sanctions, but China’s limited dependence on the US financial system and Russia’s existing sanctions status constrain Washington’s leverage.

Donald TrumpIranChina-Iran tradesanctions

AAl JazeeraOriginal★★★★☆2026-08-20 14:55

How China and Russia could hobble Trump’s plans to isolate Iran

‘Tremendous costs’: Can Trump stop other countries from trading with Iran?
Donald Trump has announced what he calls the “most crushing economic operation” against Iran and threatened severe consequences for countries that continue doing business with Tehran. Iran’s Foreign Minister Abbas Araghchi dismissed the threats as a diversion from the US’s debt and rising interest costs. The article examines Iran’s falling oil and non-oil trade and its main partners.
TrumpIraneconomic sanctionsinternational trade
AAl Jazeera★★★★☆2026-08-20 14:40Original
Trump’s ‘economic war’ on Iran faces questions over its impact
US President Donald Trump announced what he called the “most crushing economic operation ever” against Iran and warned countries supporting Tehran of massive economic consequences. Experts said the move marks a shift from military pressure to economic coercion, but questioned whether the sanctions can be implemented effectively or force Iran to change course. They also warned that higher oil prices could add pressure on global markets and US consumers.
United StatesIraneconomic sanctionsStrait of Hormuz
CCGTN★★★★☆2026-08-20 14:40Original
Trump threatens to isolate Iran. Who are its trading partners?
U.S. President Donald Trump has threatened unprecedented economic warfare and isolation against Iran, warning that any country supporting Tehran could face economic consequences. The threat could affect countries that trade with Iran.
Donald TrumpIraneconomic sanctions
RReuters★★★★☆2026-08-20 14:40Original
How conflict is making life more expensive for Iranians
As President Trump announces a “crushing economic operation” against Iran, soaring prices and a weakening currency are already making it difficult for many Iranians to make ends meet. Al Jazeera’s Tohid Asadi visited a market in Tehran.
Iranconflictpricescurrency
AAl Jazeera★★★☆☆2026-08-20 09:20Original
Iranian foreign minister: US economic pressure threatens global financial system
Iranian Foreign Minister Abbas Araghchi called Washington’s announced economic pressure on Iran a diversion from the United States’ domestic crisis and said it threatens the entire global financial system. He also condemned the so-called economic “D-Day” and Washington’s warning of serious consequences for entities supporting Tehran.
United StatesIraneconomic pressureglobal financial system
TTASS★★★★☆2026-08-20 08:53Original
China calls for diplomacy to resolve tensions over Iran
China urged all relevant parties on Thursday to address tensions over Iran through political and diplomatic channels, following U.S. President Donald Trump’s announcement of what he called “the most crushing economic operation” against the Islamic Republic. Spokesperson Lin Jian said sanctions and pressure would not solve the issue and called for responsible steps toward a political solution.
China diplomacyIran tensionsUS sanctions
CCGTN★★★★☆2026-08-20 08:01Original
Oil flows nearly tripled before US-Iran MoU expired, analysis shows
Kpler data indicates that oil flows through the Strait of Hormuz nearly tripled during the 60-day US-Iran memorandum period, reaching 374 million barrels, though volumes remained well below pre-war levels. The MoU expired without a peace deal as attacks on commercial shipping continued to undermine confidence in safe passage.
Strait of Hormuzoil flowsUS-Iran relations
AAl Jazeera★★★★☆2026-08-20 07:38Original
Trump rolls out another Iran war strategy with an all-caps threat
Stephen Collinson writes that President Donald Trump is introducing yet another strategy for the Iran war in a familiar manner: through an all-caps threat.
Donald TrumpIran warUS strategy
CCNN★★★☆☆2026-08-20 07:00Original
Middle East updates: Trump warns nations helping Iran of ‘economic consequences’
US President Donald Trump has threatened countries that support Iran with what he called tremendous economic consequences, describing the campaign as economic warfare and unprecedented isolation. Iranian media dismissed the warning as familiar psychological warfare and propaganda. Australia also summoned Israel’s envoy over the 2024 death of an aid worker in an Israeli strike in Gaza.
Donald TrumpIran wareconomic pressureGaza
DDW★★★★☆2026-08-20 05:39Original
Trump threatens Iran’s trade partners as military strikes give way to economic pressure
Donald Trump announced what he called the most crushing economic operation against Iran, warning countries whose institutions, businesses, airports or governments provide Tehran with a lifeline of severe consequences. The unspecified measures could target Iranian oil buyers and provoke a confrontation with China, Iran’s biggest trading partner, after military strikes failed to bring Tehran back to talks.
Donald TrumpIraneconomic sanctionsUS-China relations
TThe Guardian★★★★☆2026-08-20 04:53Original
Trump vows ‘economic warfare’ against countries helping Iran
US President Donald Trump has threatened an “economic D-Day” against any country that helps Iran or does business with it. Al Jazeera’s Mike Hanna says the vague warning signals a renewed emphasis on economic action rather than military measures.
Donald TrumpIraneconomic warfare
AAl Jazeera★★★★☆2026-08-20 04:31Original
Trump warns countries supporting Iran of economic consequences
Donald Trump warned on social media that countries supporting Iran would face economic consequences. He pledged “Economic Warfare and Isolation on an unprecedented scale,” but offered few details.
Donald TrumpIraneconomic warfare
RReuters★★★★☆2026-08-20 03:40Original
MAJORTrump Says US Is Starting an ‘Economic Warfare’ Operation Against Iran
President Donald Trump announced plans for what he called an “economic D-Day” against Iran, highlighting his growing frustration that Tehran has refused to capitulate. Weeks of U.S. military strikes and a blockade have already squeezed Iran’s oil exports.
United StatesIraneconomic warfaremilitary conflict
BBloomberg News★★★★★2026-08-20 02:15Original
Iran taps financial lifeline, Russian arms as Trump escalates 'crushing' economic warfare
Regional security analysts say Iran is deepening financial and military ties with China and Russia to evade U.S. sanctions and withstand Washington’s renewed “maximum pressure” campaign. Trump announced sweeping consequences for countries and businesses that sustain Iran, calling his policy an unprecedented campaign of economic warfare and isolation.
IranUS sanctionsRussian armsChina-Russia ties
FFox News★★★★☆2026-08-20 01:09Original
MAJORTrump threatens ‘most crushing’ economic warfare, accuses Iran of rejecting a deal
U.S. President Donald Trump announced what he called the most crushing economic operation ever imposed on a country, threatening sweeping economic warfare and isolation against Iran. He said countries whose institutions provide Tehran with any lifeline would face tremendous consequences, while urging allies to help isolate and defeat the Iranian threat. Washington and Tehran remain at odds over the Strait of Hormuz and conditions for ending the conflict, leaving talks uncertain.
Donald TrumpIraneconomic warfareStrait of Hormuz
CChina News Service★★★★★2026-08-20 00:58Original
MAJORTrump threatens ‘tremendous economic consequences’ for countries helping Iran
Donald Trump says any country helping Iran or doing business with it will face “TREMENDOUS Economic Consequences”. He calls the move the most crushing economic operation ever taken against a country, after a 60-day ceasefire expired with no diplomatic or military off-ramp from the US-Iran conflict.
Donald TrumpIraneconomic sanctionsUS-Iran conflict
BBBC News★★★★★2026-08-20 00:25Original
MAJORIran war live: Trump announces ‘most crushing’ Iran sanctions
Donald Trump announced what he called the “most crushing” sanctions against Iran and said Washington might resume talks with Tehran “at some point.”
Iran warsanctionsDonald Trump
AAl Jazeera★★★★★2026-08-20 00:00Original
Trump announces ‘unprecedented economic war’ against Iran
US President Donald Trump announced what he called unprecedented “economic warfare and isolation” against Iran, saying Tehran had failed to seize his opportunity for a deal. He described the planned operation as the most crushing economic action ever taken against any country.
Donald TrumpIraneconomic warfare
TTASS★★★★☆2026-08-19 23:35Original
Middle East live: Trump threatens economic punishment for any country helping Iran
US President Donald Trump warned on Wednesday that any country supporting Tehran or providing Iran with “any type of lifeline” would face economic consequences. He did not specify Washington’s possible measures or identify any country by name.
Middle EastDonald TrumpIraneconomic sanctions
FFrance 24★★★★☆2026-08-19 23:26Original
MAJORTrump announces ‘most crushing economic operation ever’ against Iran
US President Donald Trump announced what he called the “most crushing economic operation ever taken against any country” against Iran, while warning that any country trading with Tehran would face “tremendous economic consequences”. He also said countries doing business with Iran would be sanctioned as talks to end the conflict remained deadlocked.
Donald TrumpIraneconomic sanctions
AAl Jazeera★★★★★2026-08-19 23:18Original
More than 750 US service members wounded since war with Iran began, database shows
The number of US service members wounded since the war with Iran began has surpassed 750, according to the Defense Department’s war casualty database.
United StatesIranwar casualties
CCNN★★★★☆2026-08-19 23:07Original
Trump declares ‘economic warfare’ on Iran, threatens its supporters
U.S. President Donald Trump announced what he called the most crushing economic operation ever taken against a country, warning that any nation providing Iran with a financial, commercial, airport or government lifeline would face tremendous economic consequences. He did not detail the measures or name any country.
Donald TrumpIraneconomic warfare
CCGTN★★★★☆2026-08-19 23:01Original

ScienceIN BRIEF: Putin’s key statements at meeting on nuclear energy

President Vladimir Putin said Russia has expertise across the entire nuclear energy chain and plans to expand nuclear power deployments across its regions. Long-term plans call for about 30 gigawatts of additional capacity, including small plants, alongside standardized designs, stronger fuel resources and specialist training.

Russianuclear energynuclear power expansion

TTASSOriginal★★★☆☆2026-08-20 14:45

IN BRIEF: Putin’s key statements at meeting on nuclear energy

Putin: Russia plans to add around 30 gigawatts of nuclear capacity
Russia plans to commission about 30 gigawatts of additional nuclear power capacity over the long term, including small modular reactors, President Vladimir Putin said. The new capacity would replace aging units and expand domestic nuclear generation, which currently supplies roughly 20% of the country’s electricity. Putin added that AI development and data centers are increasing electricity demand.
Russianuclear powerenergy planning
TTASS★★★☆☆2026-08-20 13:30Original

Why are Germany's gas storage levels so low?

Germany’s gas storage facilities are only 50.14% full, the lowest mid-August level in several years. The Iran war and closure of the Strait of Hormuz have pushed up gas and LNG prices, while traders are betting prices will fall if the war ends. German grid operators say the government’s target of 71% storage by November 1 is now virtually unattainable, warning that winter supplies could be at risk.

Energy & commoditiesGermanygas storageStrait of HormuzIran war

DDWOriginal★★★★☆2026-08-20 14:36

Why are Germany's gas storage levels so low?

Bitcoin Surges Past $70,000 as Yields Fall and Trump Fuels Optimism

Bitcoin climbed above $70,000 for the first time in more than two months after Treasury Secretary Scott Bessent helped drive US bond yields lower and President Donald Trump held a high-stakes meeting with crypto industry leaders.

Markets Energy & commodities CryptoBitcoinUS bond yieldsDonald Trumpcryptocurrency

BBloomberg NewsOriginal★★★☆☆2026-08-20 12:30

Bitcoin Surges Past $70,000 as Yields Fall and Trump Fuels Optimism

How Yangtze River Delta integration fuels high-quality growth

Closer integration among Shanghai and the provinces of Jiangsu, Zhejiang and Anhui is turning geographic proximity into economic and technological strength. Coordinated supply chains and cross-regional innovation have shortened the path from humanoid-robot research to mass production, while the region’s economy continues to expand.

Macro & central banks Energy & commodities Trade & sanctions Companies & industryYangtze River Deltaregional economyindustrial supply chainsinnovation

CCGTNOriginal★★★☆☆2026-08-20 11:57

How Yangtze River Delta integration fuels high-quality growth

Nearly 3,000 metric tons of wheat exported from Russia to Armenia via Azerbaijan — agency

Russia has sent another grain shipment to Armenia through Azerbaijan, including 2,725 metric tons of wheat, Azerbaijan’s state-run Azertac news agency reported. Since Azerbaijan lifted its transit ban in late October 2025, more than 44,000 metric tons of Russian grain have reached Armenia via its territory.

Energy & commodities Trade & sanctionsRussiaArmeniaAzerbaijanwheat exports

TTASSOriginal★★☆☆☆2026-08-20 10:03

Nearly 3,000 metric tons of wheat exported from Russia to Armenia via Azerbaijan — agency

Brent oil rises above $94 per barrel on London ICE for first time since July 24

Brent futures for October 2026 delivery on London’s ICE rose above $94 a barrel for the first time since July 24, according to trading data. At 12:18 p.m. Moscow time, Brent was up 2.64% at $94.04, while WTI futures gained 2.45% to $86.46.

Energy & commoditiesBrent crudeoil pricesfutures

TTASSOriginal★★☆☆☆2026-08-20 09:43

Brent oil rises above $94 per barrel on London ICE for first time since July 24

Ukraine unable to sell 61 mln tons of grain due to port shutdowns — lawmaker

Ukrainian Verkhovna Rada member Anna Skorokhod says the suspension of seaport operations has put 61 million tons of grain at risk of being sold abroad. About 90% of grain had been exported by sea, while land corridors and European transit routes could handle no more than 24 million tons, hurting foreign-currency earnings, tax revenue and the economy.

Macro & central banks Energy & commodities Trade & sanctionsUkrainegrain exportsport shutdownseconomy

TTASSOriginal★★★★☆2026-08-20 09:27

Ukraine unable to sell 61 mln tons of grain due to port shutdowns — lawmaker

Heatwaves and energy crunch: Can Europe withstand a double shock?

Europe’s fifth heatwave of the year is damaging growth and productivity as wildfires spread, crops fail and rivers dry up. Economists estimate the extreme heat could cost $209bn, about 1 percent of EU GDP, while the Iran war is adding to the region’s energy-price pressure.

Macro & central banks Energy & commoditiesEuropean economyheatwavesenergy costsIran war

AAl JazeeraOriginal★★★★☆2026-08-20 08:24

Heatwaves and energy crunch: Can Europe withstand a double shock?

Coal India plans Singapore trading hub to pursue critical mineral assets, sources say

Coal India Ltd, the world’s largest coal producer, is establishing its first overseas trading office in Singapore, according to two sources. The move is intended to diversify the company into trading iron ore and critical and strategic minerals.

Markets Energy & commoditiesCoal IndiaSingaporecritical minerals

RReutersOriginal★★★☆☆2026-08-20 08:10

Coal India plans Singapore trading hub to pursue critical mineral assets, sources say

Russia begins importing fuel to supply domestic market

Russia has started importing fuel for the domestic market, Deputy Prime Minister Alexander Novak said. Authorities have allowed production of lower environmental-grade fuel and expect conditions to improve significantly as several refineries complete maintenance. Imported AI-92 gasoline was sold on the St. Petersburg exchange on August 19.

Energy & commodities Trade & sanctionsRussiafuel importsgasoline prices

TTASSOriginal★★★☆☆2026-08-20 08:03

Russia begins importing fuel to supply domestic market

Russia is China’s most reliable energy supplier, Russian senator says

Andrey Denisov, first deputy chairman of the Russian Federation Council’s international committee, says Russia is China’s most reliable energy supplier. He cited a 92% rise in Russian oil shipments to China during the first seven months amid the Strait of Hormuz crisis as evidence of Beijing’s interest in dependable energy sources.

Energy & commoditiesRussiaChinaenergy suppliesStrait of Hormuz

TTASSOriginal★★★☆☆2026-08-20 04:35

Russia is China’s most reliable energy supplier, Russian senator says

Rupee set to rise as dollar slumps after Treasury boosts bond buybacks; oil risk persists

The Indian rupee is expected to open higher on Thursday after the dollar fell to a three-month low. The decline followed the U.S. Treasury’s decision to increase buybacks of longer-dated bonds to ease pressure on the bond market, while oil remains a risk.

Markets Energy & commoditiesIndian rupeeUS dollarbond buybacksoil prices

RReutersOriginal★★★☆☆2026-08-20 03:30

Rupee set to rise as dollar slumps after Treasury boosts bond buybacks; oil risk persists

Fortescue hopes China trade conditions return to normal soon

Fortescue, the world’s fourth-largest iron ore miner, said on Thursday that it hoped market conditions for its China trade would return to normal as soon as possible.

Energy & commodities Trade & sanctionsFortescueChina tradeiron ore

RReutersOriginal★★☆☆☆2026-08-20 01:20

Fortescue hopes China trade conditions return to normal soon

Europe Girds for Another Hike in Energy Bills This Winter

With the Iran war still in limbo, natural gas prices have climbed to twice their level a year ago, leaving Europe braced for another increase in energy bills this winter.

Energy & commoditiesEuropeenergy billsnatural gas pricesIran war

BBloomberg NewsOriginal★★★★☆2026-08-19 23:30

Europe Girds for Another Hike in Energy Bills This Winter

Iran has virtually halted oil exports to foreign markets, central bank governor says

Iran has almost completely stopped exporting oil to foreign markets, Central Bank Governor Abdolnaser Hemmati said. He stated that the country has foreign exchange reserves and assured Supreme Leader Mojtaba Khamenei that supplies of essential goods and medicines were being provided by the central bank and government.

Macro & central banks Energy & commodities Trade & sanctionsIranoil exportsforeign exchange reservesessential goods

TTASSOriginal★★★★☆2026-08-19 20:39

Iran has virtually halted oil exports to foreign markets, central bank governor says

US to Halve Tariffs on Canadian Steel and Aluminum in Trade Deal

A tentative US-Canada trade agreement would reduce tariffs on some Canadian steel and aluminum exports to 25%, according to people familiar with the matter.

Energy & commodities Trade & sanctions Companies & industryUSCanadatrade dealsteel and aluminum

BBloomberg NewsOriginal★★★★☆2026-08-19 20:00

US to Halve Tariffs on Canadian Steel and Aluminum in Trade Deal

Motor oil prices in Russia spike 40% as imports run short

Russia’s motor oil supply chain is facing disruptions. Market participants told Kommersant that a broad shortage has not yet emerged, but delivery times have lengthened and prices for some products have risen 40%. The main pressure is on imported oils, while Russian-made products may also be affected by shortages of imported additives and unscheduled refinery repairs after Ukrainian drone attacks.

Energy & commodities Trade & sanctionsRussiamotor oilimport shortagesfuel crisis

MMeduzaOriginal★★★☆☆2026-08-19 19:28

Motor oil prices in Russia spike 40% as imports run short

European Gas Storage Facilities Could Be Depleted by April 2027 — Handelsblatt

European gas storage operators are injecting gas more slowly as the US-Iran conflict curbs LNG supplies. Citing Montel calculations, Handelsblatt said storage could reach only 69% by November 1 if purchases continue at the current pace, leaving reserves at risk of being depleted by April 2027. Reaching the 80% target would require 142 LNG tankers a month, versus an average of 105 recently.

Energy & commoditiesEuropean gasgas storageLNGUS-Iran conflict

TTASSOriginal★★★★☆2026-08-19 19:18

European Gas Storage Facilities Could Be Depleted by April 2027 — Handelsblatt

Around 2,000 metric tons of Russian wheat shipped to Armenia via Azerbaijan

Russia has sent another grain shipment to Armenia in transit through Azerbaijan, including 1,820 metric tons of wheat. Azerbaijan lifted its ban on goods bound for Armenia through its territory in late October last year; since then, up to 43,000 metric tons of Russian grain and other goods have followed the route.

Energy & commoditiesRussiaArmeniaAzerbaijangrain transit

TTASSOriginal★★☆☆☆2026-08-19 18:37

Around 2,000 metric tons of Russian wheat shipped to Armenia via Azerbaijan

Russia’s grain harvest to reach 100 mln metric tons in coming days

Russia’s grain harvest since the start of 2026 is expected to reach 100 million metric tons within days, Agriculture Minister Oksana Lut said. She described harvesting as progressing well, said the crop exceeds last year’s volume and noted that farmers are being prioritized for fuel supplies.

Energy & commoditiesRussiagrain harvestagriculturefood supply

TTASSOriginal★★★☆☆2026-08-19 18:28

Russia’s grain harvest to reach 100 mln metric tons in coming days

Nigeria reforms helped avert economic collapse, finance minister says

Finance Minister Taiwo Oyedele said on Wednesday that President Bola Tinubu’s economic overhaul, including the removal of an expensive fuel subsidy and currency devaluation, helped stabilize Nigeria’s public finances, increase foreign reserves and attract investment.

Macro & central banks Markets Energy & commoditiesNigeriaeconomic reformsfuel subsidyinvestment

RReutersOriginal★★★☆☆2026-08-19 18:05

Nigeria reforms helped avert economic collapse, finance minister says

Novak expects fuel market to improve as refineries resume operations

Russian authorities expect several oil refineries to return from maintenance soon, significantly improving the fuel market, Deputy Prime Minister Alexander Novak said. The government is monitoring the market daily and working with companies to redirect supplies to regions experiencing shortages.

Energy & commoditiesRussiafuel supplyoil refineriesenergy market

TTASSOriginal★★★☆☆2026-08-19 18:03

Novak expects fuel market to improve as refineries resume operations

Russia has begun importing fuel to boost domestic supplies — Novak
Russia has started importing fuel to increase supplies on its domestic market, Deputy Prime Minister Alexander Novak said. Authorities have also approved rules allowing the production of lower-standard Euro 2, Euro 3 and Euro 4 fuel, while extending the import damper mechanism to diesel.
Russiafuel supplydiesel imports
TTASS★★★☆☆2026-08-19 16:58Original

US steps in to fund African rare earths shunned by private money, sources say

The U.S. International Development Finance Corporation is supporting a pipeline of African rare-earth projects, two senior executives said, as private investors remain reluctant to finance the sector.

Markets Energy & commoditiesUnited StatesAfricarare earthsinvestment

RReutersOriginal★★★★☆2026-08-19 15:50

US steps in to fund African rare earths shunned by private money, sources say

China may reduce reliance on Hormuz and Malacca through NSR — Fortune

Fortune says the Northern Sea Route could offer China an alternative to the Straits of Hormuz and Malacca as the US-Israel-Iran war has effectively halted shipping through Hormuz and threats affect the Bab el-Mandeb Strait and Red Sea. On August 15, Sea Legend Shipping began a scheduled China-Europe container service via the Arctic route, with voyages taking 20–22 days.

Energy & commodities Trade & sanctionsNorthern Sea RouteChina shippingStrait of HormuzStrait of Malacca

TTASSOriginal★★★★☆2026-08-19 14:28

China may reduce reliance on Hormuz and Malacca through NSR — Fortune

South African inflation cools for first time in five months

South Africa’s inflation rate eased for the first time in five months in July, helped in part by a sharp fall in fuel costs. Analysts warned it could rise again soon after renewed U.S.-Iran hostilities pushed global oil prices higher.

Macro & central banks Energy & commoditiesSouth Africainflationfuel costsoil prices

RReutersOriginal★★★☆☆2026-08-19 14:01

South African inflation cools for first time in five months

Kenya triples power target, plans greater use of nuclear and geothermal energy

Kenya has tripled its long-term goal for expanding renewable power capacity to meet rapidly rising demand and support industrialization. The move, however, may not translate into cheaper electricity for consumers.

Energy & commoditiesKenyarenewable energynuclear powergeothermal energy

TThe Associated PressOriginal★★★☆☆2026-08-19 13:00

Kenya triples power target, plans greater use of nuclear and geothermal energy

Rusal aluminum output rises 4.5% year-on-year to 2.01 mln tonnes in January-June

Rusal said its aluminum production rose 4.5% year-on-year to 2.01 million tonnes in January-June 2026. Bauxite and alumina output also increased, while aluminum sales fell 10% to 2.06 million tonnes. Global primary aluminum output edged down, with growth in China offset by declines elsewhere.

Energy & commodities Companies & industryRusalaluminum productionglobal market

TTASSOriginal★★☆☆☆2026-08-19 11:33

Rusal aluminum output rises 4.5% year-on-year to 2.01 mln tonnes in January-June

Moscow gas stations bring back fuel sales limits

At least two Moscow gas station chains have reinstated fuel purchase limits, according to RBC. Gazprom Neft said the cap is 60 liters per person, while Tatneft allows up to 50 liters of gasoline and 60 liters of diesel. AI-95 gasoline was available at only one Neftmagistrali station in the city on the evening of August 18.

Energy & commodities Companies & industryMoscowfuel shortagegasoline limits

MMeduzaOriginal★★★☆☆2026-08-19 08:55

Moscow gas stations bring back fuel sales limits

UK inflation picks up after July surge in household energy bills

A sharp rise in household energy bills pushed UK inflation to a four-month high in July, in line with forecasts. Inflation appears likely to climb further as the war in Iran continues without an apparent end.

Macro & central banks Energy & commoditiesUKinflationenergy billsIran war

RReutersOriginal★★★☆☆2026-08-19 08:05

UK inflation picks up after July surge in household energy bills

From South Africa to Australia: Why coal profits are surging during the Iran war

The US-Israel war on Iran has disrupted oil and gas supplies, and the closure of the Strait of Hormuz has pushed countries toward coal as a cheaper, more available fuel. South African thermal coal producer Thungela Resources reported that first-half profits doubled. Analysts say the global clean-energy transition remains on track despite a possible rise in coal use.

Energy & commodities Companies & industrycoalIran warStrait of Hormuzenergy crisis

AAl JazeeraOriginal★★★★☆2026-08-19 06:27

From South Africa to Australia: Why coal profits are surging during the Iran war

Oil extends climb as uncertainty over Hormuz exports persists

Oil prices rose for a fourth consecutive day on Wednesday as investors assessed conflicting signals from Tehran and Washington over whether the Strait of Hormuz remains open to shipping.

Energy & commodities Trade & sanctionsoil pricesStrait of HormuzIranUnited States

RReutersOriginal★★★★☆2026-08-19 05:15

Oil extends climb as uncertainty over Hormuz exports persists

Hormuz traffic slows as uncertainty over waterway persists
Shipping through the Strait of Hormuz slowed on Wednesday, data showed, as most shipowners avoided the key waterway amid a lack of clear signals on reopening it after a blockade during the Iran war.
Strait of HormuzshippingIran war
RReuters★★★★☆2026-08-19 03:50Original

Rupee may slip on oil, risk-off mood; RBI once again expected to ride to rescue

The Indian rupee is expected to open weaker on Wednesday as a worsening risk backdrop and elevated oil prices reinforce its negative short-term bias. The Reserve Bank of India is again expected to step in to support the currency.

Markets Energy & commoditiesIndian rupeeoil pricesrisk sentimentRBI

RReutersOriginal★★☆☆☆2026-08-19 05:01

Rupee may slip on oil, risk-off mood; RBI once again expected to ride to rescue

Indian central bank likely intervenes to shield rupee from oil strain, traders say

The Reserve Bank of India likely entered the foreign exchange market on Wednesday to support the rupee as persistently high oil prices put pressure on the currency amid uncertainty over the U.S.-Iran war, traders said.

Macro & central banks Markets Energy & commoditiesIndiaReserve Bank of Indiarupeeoil prices

RReutersOriginal★★★☆☆2026-08-19 04:10

Indian central bank likely intervenes to shield rupee from oil strain, traders say

Brent oil rises above $92 a barrel on London’s ICE for first time since July 30

Brent crude futures for October 2026 delivery on London’s ICE moved above $92 a barrel for the first time since July 30. At 1:50 a.m. GMT, the contract was up 1.13% at $92.05 before easing to a 0.97% gain at $91.9. WTI futures rose 1.46% to $84.96.

Energy & commoditiesBrent crudeoil pricesLondon ICE

TTASSOriginal★★☆☆☆2026-08-19 02:58

Brent oil rises above $92 a barrel on London’s ICE for first time since July 30

US refineries taking in half of Venezuela’s oil output, official says

More than 500,000 barrels of Venezuela’s roughly 1.25 million barrels-per-day output are now being sent to US Gulf Coast refineries, a senior US official says. Venezuelan officials report rising production, while a think tank raises concerns about Washington’s control and undisclosed use of oil revenues.

Energy & commodities Trade & sanctionsVenezuelaUnited Statesoil exportsenergy partnership

AAl JazeeraOriginal★★★★☆2026-08-19 02:00

US refineries taking in half of Venezuela’s oil output, official says

US oil companies to sign Venezuela extraction deal with PDVSA, Politico reports

Small US oil companies will sign an agreement with Venezuela’s state-owned PDVSA in Houston on Tuesday to extract hydrocarbons in Venezuela, Politico reported, citing sources. Hydrocarbons Minister Paula Henao plans to attend, while the White House will not participate in the ceremony.

Energy & commodities Companies & industryUS oil companiesVenezuelaPDVSAenergy deal

TTASSOriginal★★★★☆2026-08-18 23:18

US oil companies to sign Venezuela extraction deal with PDVSA, Politico reports

Russia, Myanmar sign memorandum on energy cooperation

Russia and Myanmar signed a memorandum covering cooperation in electric power and oil and gas. The countries reaffirmed their interest in expanding contacts between energy agencies and pursuing promising joint projects, with Russia offering expertise to support Myanmar’s energy security.

Energy & commoditiesRussiaMyanmarenergy cooperation

TTASSOriginal★★★☆☆2026-08-18 22:22

Russia, Myanmar sign memorandum on energy cooperation

Gas Plants to Power Data Centers Will Push US Emissions Higher

An analysis of planned projects finds that gas plants built to power data centers would increase US emissions, highlighting their climate cost.

Energy & commodities Tech & AIUnited Statesdata centersgas plantsemissions

BBloomberg NewsOriginal★★☆☆☆2026-08-18 19:00

Gas Plants to Power Data Centers Will Push US Emissions Higher

Can Ukraine choke off Russia’s LNG trade at the source?

Despite tighter sanctions, countries continue importing Russian fossil fuels, with LNG helping sustain revenue for the Kremlin. The article examines whether Ukraine could disrupt those exports before they reach consumers, including by targeting shipping linked to Russia’s Arctic LNG facilities, which rely on a limited number of specialized ice-class vessels.

Energy & commodities Trade & sanctionsUkraineRussiaLNGsanctions

TThe Kyiv IndependentOriginal★★★★☆2026-08-18 18:23

Can Ukraine choke off Russia’s LNG trade at the source?

Aramco and Maaden plan Saudi mineral exploration venture

Saudi state oil giant Aramco and mining company Maaden said they plan to establish a joint venture focused on mineral exploration and hard-rock mining in the kingdom.

Energy & commoditiesAramcoMaadenmineral explorationSaudi Arabia

RReutersOriginal★★★☆☆2026-08-18 18:15

Aramco and Maaden plan Saudi mineral exploration venture

Putin sees good prospects for Russian LNG shipments to Myanmar

Russian President Vladimir Putin said there are good prospects for exporting liquefied natural gas to Myanmar, both for domestic use and transit to neighboring countries. Russia and Myanmar are also discussing a deep-water seaport on Myanmar’s southern coast for large vessels, along with other industrial and transport projects.

Energy & commodities Trade & sanctionsRussiaMyanmarLNGport projects

TTASSOriginal★★★☆☆2026-08-18 17:50

Putin sees good prospects for Russian LNG shipments to Myanmar

Canada’s oil producers target late 2027 for Pathways carbon capture decision

Canada’s largest oil producers are aiming to make a final investment decision in late 2027 on their proposed carbon capture and storage project, designed to capture 6 million tonnes of emissions. The project is a key part of the country’s plan to expand oil production while keeping emissions in check, the Oil Sands Alliance president said.

Energy & commodities Companies & industryCanadaoil productioncarbon capture and storage

RReutersOriginal★★★☆☆2026-08-18 17:40

Canada’s oil producers target late 2027 for Pathways carbon capture decision

Less than a third of Russian gas stations have fuel

Fuel was available at only 28% of Russian gas stations tracked by the GdeBenz app on August 16, down from 41% a week earlier, according to Izvestia’s analysis. Authorities in at least eight regions reported shortages and long lines. Energy Minister Sergei Tsivilev acknowledged the queues and said the government was working to resolve the problem. The report cites renewed Ukrainian drone strikes on refineries as one cause of the crisis.

Energy & commoditiesRussiafuel shortageUkrainian strikesenergy crisis

MMeduzaOriginal★★★★☆2026-08-18 15:49

Less than a third of Russian gas stations have fuel

Inflation and hefty deficits fuel global bond-market sell-off

Investor concerns ranging from inflation to hefty government deficits are driving a global bond-market sell-off. The turmoil is creating difficulties for policymakers while raising borrowing costs for governments and consumers.

Macro & central banks Markets Energy & commoditiesglobal bond marketinflationgovernment deficitsborrowing costs

CCNNOriginal★★★★☆2026-08-18 15:30

Inflation and hefty deficits fuel global bond-market sell-off

Tech stocks weigh on Wall Street as Iran stalemate lifts oil and yields

Wall Street’s major indexes fell to roughly two-week lows on Tuesday as heavyweight technology shares declined. Waning hopes for a U.S.-Iran peace deal supported higher oil prices and kept government bond yields near multi-year highs.

Markets Energy & commodities Tech & AIWall Streettechnology stocksoil pricesbond yields

RReutersOriginal★★★☆☆2026-08-18 15:15

Tech stocks weigh on Wall Street as Iran stalemate lifts oil and yields

Drought cuts Germany’s harvest, raising food price fears

Germany’s farmers’ association expects this year’s grain harvest to fall 7% from 2025 after drought and a June heat wave damaged crops. Rapeseed, potatoes and apples are also forecast to decline. The government does not anticipate an immediate sharp rise in food prices, though tighter supplies could gradually make some oils, sugar, animal feed, meat, dairy, eggs and vegetables more expensive.

Energy & commoditiesGermanydroughtagriculturefood prices

DDWOriginal★★★☆☆2026-08-18 14:46

Drought cuts Germany’s harvest, raising food price fears

Russia ready to boost mineral fertilizer supplies to Myanmar — minister

Economic Development Minister Maxim Reshetnikov said Russia is prepared to expand supplies of mineral fertilizers, petroleum, engineering and agricultural products to Myanmar, while increasing imports of light-industry and agricultural goods from the country. He said bilateral cooperation is entering an investment phase.

Energy & commodities Trade & sanctionsRussiaMyanmartrademineral fertilizers

TTASSOriginal★★★☆☆2026-08-18 14:11

Russia ready to boost mineral fertilizer supplies to Myanmar — minister

WorldTrump Shuts the 60-Day Window for Iran Peace Deal

The deadline for reaching an agreement has technically expired, while Trump is pursuing a hard line with Tehran. The stalemate in the Strait of Hormuz shows no signs of easing.

Donald TrumpIranpeace dealStrait of Hormuz

BBloomberg NewsOriginal★★★★☆2026-08-18 14:00

Trump Shuts the 60-Day Window for Iran Peace Deal

Trump says no talks are taking place with Iran and none are scheduled
U.S. President Donald Trump said on Tuesday that no conversations were taking place with Iran and that none had been scheduled. He also said the Strait of Hormuz was open.
Donald TrumpIranUS-Iran relationsStrait of Hormuz
RReuters★★★★☆2026-08-18 13:50Original
US 30-year yields hit highest level since 2007 as war, oil worries fester
U.S. 30-year Treasury yields climbed to their highest level since 2007 on Tuesday. Stalled efforts to end the U.S.-Iran war and fears of an imminent escalation pushed oil above $90 a barrel, stoking inflation concerns and jolting markets.
US TreasuriesUS-Iran waroil pricesinflation
RReuters★★★★☆2026-08-18 13:01Original
Trump Says He’s in No Hurry to End War With Iran
Donald Trump says he is in no hurry to bring the war with Iran to an end.
Donald TrumpIranwar
BBloomberg News★★★★☆2026-08-18 07:00Original
Middle East live: Iran declares 60-day negotiation deadline null and void
Iranian Foreign Ministry spokesman Esmaeil Baghaei said the 60-day deadline for negotiations on a lasting settlement, set under the June Iran-US memorandum of understanding, was voided by Washington’s “violations”. After meeting Benjamin Netanyahu, US envoy Jared Kushner said he hoped Hamas would begin disarmament within “30 days”.
IranUnited StatesHamasMiddle East diplomacy
FFrance 24★★★★☆2026-08-18 05:07Original
Hormuz crossings edge up from weekend but remain in single digits, data shows
Preliminary shipping data showed that vessel crossings through the Strait of Hormuz rose slightly on Monday from the weekend but remained in the single digits, as U.S.-Iran peace talks reached a stalemate.
Strait of HormuzU.S.-Iran talksshipping
RReuters★★★★☆2026-08-18 03:10Original

Lula hails oil discovery near Amazon mouth as a ‘passport to Brazil’s future’

Brazilian President Luiz Inácio Lula da Silva has praised Petrobras’s oil discovery offshore near the mouth of the Amazon, calling it a possible “passport to the country’s future”. Environmentalists strongly oppose drilling in the biodiverse region, warning that an oil spill could damage reefs and coastal wetlands. The field’s size and commercial viability remain unclear.

Energy & commodities Tech & AIBraziloil explorationAmazon riverenvironment

BBBC NewsOriginal★★★☆☆2026-08-18 13:13

Lula hails oil discovery near Amazon mouth as a ‘passport to Brazil’s future’

Brazil president calls Amazon oil a ‘passport to the future’
Brazilian President Luiz Inácio Lula da Silva praised the discovery of oil off the Amazon coast despite environmentalist opposition to drilling there. He called the find a “passport to the country’s future” and said it would strengthen Brazil’s national sovereignty.
BrazilLula da SilvaAmazon oiloil drilling
AAl Jazeera★★★☆☆2026-08-18 10:08Original

Most Gulf markets subdued as Iran tensions keep investors cautious

Most Gulf stock markets were subdued in early Tuesday trading as escalating tensions between the United States and Iran made investors wary. Higher oil prices nevertheless supported energy shares in Saudi Arabia.

Markets Energy & commoditiesGulf marketsUS-Iran tensionsoil pricesSaudi stocks

RReutersOriginal★★★☆☆2026-08-18 12:05

Most Gulf markets subdued as Iran tensions keep investors cautious

Canada Inflation Ticks Up to 3% Amid Higher Gas Prices

Canada’s inflation rate accelerated to 3% as the Middle East conflict pushed gasoline prices higher, while core measures of price growth remained subdued.

Macro & central banks Energy & commoditiesCanadainflationgas prices

BBloomberg NewsOriginal★★★☆☆2026-08-18 09:30

Canada Inflation Ticks Up to 3% Amid Higher Gas Prices

Vitol seized on Iran crisis to dominate East Africa’s fuel supplies at a cost

A Bloomberg investigation found that Vitol used the Iran crisis to dominate fuel supplies in East Africa, but at a cost.

Energy & commoditiesVitolEast Africafuel suppliesIran crisis

BBloomberg NewsOriginal★★★☆☆2026-08-18 09:04

Vitol seized on Iran crisis to dominate East Africa’s fuel supplies at a cost

EU’s Greek sanctions exemption shields over one-fifth of Russian LNG exports

The sanctions-monitoring NGO Urgewald says Greek shipping company Dynagas delivered €2.35 billion in Russian LNG to EU customers in the first seven months of 2026. It accounted for 35% of LNG shipped from Russia’s Yamal terminal to the EU—about 22% of all Russian LNG exports—after EU leaders agreed to exempt it from sanctions.

Energy & commodities Trade & sanctionsRussian LNGEU sanctionsDynagasYamal LNG

TThe Kyiv IndependentOriginal★★★★☆2026-08-18 08:05

EU’s Greek sanctions exemption shields over one-fifth of Russian LNG exports

Asian shares slip as oil price worries offset strong earnings boost

Most Asian shares fell as rising oil prices and inflation concerns weighed on investor sentiment, offsetting support from strong corporate earnings. Tokyo’s Nikkei 225 led the declines, dropping 2.5%.

Macro & central banks Markets Energy & commodities Companies & industryAsian sharesoil pricesinflationNikkei 225

TThe Associated PressOriginal★★☆☆☆2026-08-18 07:30

Asian shares slip as oil price worries offset strong earnings boost

Oil share in Kazakhstan’s exports falls from 52.9% to 46.5% in 1H 2026

Oil made up 46.5% of Kazakhstan’s total exports in the first half of 2026, down from 52.9% a year earlier. Disruptions at the Caspian Pipeline Consortium linked to drone attacks and lower domestic production contributed to the decline, while copper and other raw-material exports gained share. China became Kazakhstan’s leading export partner, ahead of Italy.

Energy & commodities Trade & sanctionsKazakhstanoil exportsCaspian Pipeline ConsortiumChina

TTASSOriginal★★★☆☆2026-08-18 03:33

Oil share in Kazakhstan’s exports falls from 52.9% to 46.5% in 1H 2026

Oil prices climb and bond yields rise as US-Iran ceasefire expires

Oil prices edged higher and bond yields rose in early Asian trading on Tuesday after the U.S.-Iran truce expired and Tehran said it would adopt a “fully offensive” military posture. The moves limited modest stock-market gains.

Markets Energy & commoditiesUS-Iran conflictceasefireoil pricesbond yields

RReutersOriginal★★★★☆2026-08-18 01:30

Oil prices climb and bond yields rise as US-Iran ceasefire expires

UN chief calls for resumption of Iran-US talks
UN Secretary-General Antonio Guterres is urging Iran and the United States to resume negotiations for a peaceful and durable settlement. His spokesperson said there is no military solution and called on both sides to avoid military action and tone down recent rhetoric after the MoU’s 60-day deadline expired Monday.
IranUnited StatesUnited Nationsdiplomacy
CCGTN★★★★☆2026-08-18 00:11Original
MAJORIran war live: Trump rejects MoU extension as US claims control of Hormuz
US President Donald Trump rejects extending the two nations’ memorandum of understanding after it expired on Monday, saying Iran should “put up the white flag of surrender”. The US claims it controls the Strait of Hormuz.
Iran warDonald TrumpStrait of Hormuz
AAl Jazeera★★★★★2026-08-18 00:00Original
Trump says Iran will not make the deal he believes is necessary
US President Donald Trump said Iran would not agree to the kind of deal he considers necessary to stop it from obtaining a nuclear weapon. He said Iran “cannot have a nuclear weapon” and argued that rebuilding its nuclear capabilities would take a long time after earlier US strikes.
Donald TrumpIrannuclear weaponsdiplomacy
AAl Jazeera★★★★☆2026-08-17 20:49Original
Trump says unwilling to extend memorandum of understanding with Iran
US President Donald Trump said he is not seeking to extend the memorandum of understanding with Iran. He added that Tehran is not willing to accept Washington’s terms for ending the conflict, saying it wants a deal but not one he considers necessary.
Donald TrumpIranUS diplomacyconflict talks
TTASS★★★★☆2026-08-17 19:36Original
MAJORIran deal deadline expires as Trump demands ‘white flag’ and new pressure looms
The 60-day deadline for a final U.S.-Iran agreement expired without a deal. President Donald Trump demanded that Tehran raise a “white flag of surrender,” while confirming a direct backchannel with Islamic Revolutionary Guard Corps officials. Treasury Secretary Scott Bessent warned of unprecedented economic measures. Experts say collapsing oil revenue, inflation and the blockade are straining Iran, but the key test is whether pressure reaches IRGC-linked elite networks that have historically been insulated from economic turmoil.
US-Iran relationseconomic pressureStrait of Hormuzsanctions
FFox News★★★★★2026-08-17 17:59Original
BREAKINGTrump threatens to bomb Oman as 60-day deadline for wider Iran deal expires
Donald Trump has threatened to bomb Oman as the U.S. ally works to reopen the Strait of Hormuz. The 60-day deadline for reaching a broader deal with Iran has expired, with developments being followed live.
Donald TrumpOmanIran dealStrait of Hormuz
CCNN★★★★★2026-08-17 16:30Original
War on Iran: Phase II, Day 37
Iran is offering $30,000 for captured or killed US soldiers, while Trump cuts back military drills with South Korea.
Iran warUS soldiersDonald TrumpUS-South Korea drills
AAl Jazeera★★★★☆2026-08-17 16:27Original
MAJORTrump demands Iran ‘put up the white flag of surrender’ as US-Iran MoU expires
US President Donald Trump demanded Iran surrender as a memorandum aimed at ending hostilities expired. He said Washington had opened a direct backchannel with Iran’s Islamic Revolutionary Guard Corps but was in no hurry to end the conflict, and threatened to bomb Oman if it obstructed a deal to reopen the Strait of Hormuz.
Donald TrumpIranarmed conflictStrait of Hormuz
AAl Jazeera★★★★★2026-08-17 15:06Original
MAJORIran signals readiness for ‘US ground operations’ as MoU expires
As Iran’s memorandum of understanding with Washington approaches its official expiry, Iranian officials are signaling a possible shift from a defensive posture to offensive action in the war with the United States. The IRGC says it is prepared to take whatever steps are needed and warns of “strategic surprises” amid escalating tensions over the Strait of Hormuz and Trump’s comments about declaring it US territory.
IranUnited StatesStrait of Hormuzarmed conflict
AAl Jazeera★★★★★2026-08-17 14:15Original
Iran denies communication channels with US exist — agency
Islamic Revolutionary Guard Corps spokesman Hossein Mohebi rejected US President Donald Trump’s claim that Washington maintains unofficial channels with the IRGC. Mohebi said no negotiations are currently under way and accused Trump of lying.
IranUnited StatesdiplomacyIRGC
TTASS★★★★☆2026-08-17 14:12Original
Iran says it will escalate if US fails to honour deal within weeks
A senior Iranian official told Reuters on Monday that Iran would heighten tensions in the Strait of Hormuz and elsewhere, and launch an attack, if the United States does not fully implement an interim peace deal within weeks.
IranUnited StatesStrait of Hormuzpeace deal
RReuters★★★★☆2026-08-17 13:45Original
BREAKINGTrump confirms IRGC backchannel, calls on Iran to raise ‘white flag of surrender’
President Donald Trump confirmed that U.S. officials are communicating with Iran’s Islamic Revolutionary Guard Corps through a backchannel as the 60-day ceasefire deadline expires. He demanded that Iran abandon any nuclear weapon ambitions and said it should raise a “white flag of surrender,” while threatening to bomb Oman if it obstructs the talks.
Donald TrumpIranceasefire talksOman
FFox News★★★★★2026-08-17 12:10Original
Trump confirms US backchannel with IRGC, Fox News reports
US President Donald Trump confirmed that his administration maintains a direct backchannel with officials from Iran’s Islamic Revolutionary Guard Corps, Fox News reported. Trump said Iran should raise the white flag of surrender and that he was in no hurry. The 60-day US-Iran negotiation period expired Monday without progress toward a broader peace agreement. He also threatened to bomb Oman if it obstructed talks over the Strait of Hormuz.
TrumpIranStrait of HormuzUS-Iran talks
CCGTN★★★★☆2026-08-17 11:34Original
US anti-Iran sanctions only deepen hatred between the countries — Iranian diplomat
Iranian Foreign Ministry spokesman Esmail Baghaei said decades of US sanctions and economic pressure had produced only growing hatred and hostility between Washington and Tehran. He said Iran had taken every precaution and would, if necessary, do everything possible to thwart hostile US and Israeli plans against the Islamic Republic.
IranUS sanctionsUS-Iran relationsIsrael
TTASS★★★★☆2026-08-17 11:10Original
MAJORPress review: US, Iran opt for war of attrition as Kyiv diverts focus with attacks on Russia
Russian media says the United States and Iran are choosing a war of attrition as their 60-day ceasefire expires on August 17. Coverage also highlights Moscow’s request for clarification over possible Turkish re-exports of US-made weapons to Ukraine and claims that Kyiv is using attacks inside Russia to divert attention from air-defense shortages. Experts say Iran can sustain the conflict, with the Strait of Hormuz remaining central.
US-Iran conflictceasefireStrait of HormuzUkraine attacks
TTASS★★★★★2026-08-17 10:00Original

Lightning Sets Tanks Ablaze at Major US Fuel Depot, Threatening Pipeline Supplies

A lightning strike set tanks ablaze at a huge American fuel-storage site, putting distribution through one of the country’s biggest refined-product networks in jeopardy.

Energy & commoditiesUnited Statesfuel depotlightningfire

BBloomberg NewsOriginal★★☆☆☆2026-08-18 01:30

Lightning Sets Tanks Ablaze at Major US Fuel Depot, Threatening Pipeline Supplies

US to announce measures to help refiners boost fuel output, energy chief says

U.S. Energy Secretary Chris Wright said Washington will announce measures within days to help refiners increase fuel production. President Donald Trump is seeking to curb persistently high gasoline prices, which surged during the U.S.-Israeli war on Iran.

Energy & commoditiesUS energy policyrefinersfuel outputgasoline prices

RReutersOriginal★★★☆☆2026-08-17 21:01

US to announce measures to help refiners boost fuel output, energy chief says

Brent crude rises above $91 per barrel for first time since July 31

Brent crude futures for October delivery on London's ICE exchange rose above $91 per barrel for the first time since July 31. The contract was up 3.04% at $91.21 before easing to $90.99, while September WTI futures gained 2.74% to $84.66.

Energy & commoditiesBrent crudeWTI crudeoil pricesmarkets

TTASSOriginal★★☆☆☆2026-08-17 18:22

Brent crude rises above $91 per barrel for first time since July 31

US Ends Solar Tariff Dodges, but Building Its Own Sector Is Tough

The White House is taking steps to better protect the US solar industry, while facing an uphill battle to build a sector that can compete with China.

Energy & commodities Trade & sanctions Companies & industryUSsolar industrytariffsChina

BBloomberg NewsOriginal★★★☆☆2026-08-17 16:30

US Ends Solar Tariff Dodges, but Building Its Own Sector Is Tough

Canadian miner NexGen Energy in talks with BHP over $1 billion uranium project funding

Canadian uranium miner NexGen Energy is sharing information and speaking regularly with mining major BHP about its Rook I project in Saskatchewan, CEO Leigh Curyer told Reuters when asked about a possible equity investment. The company is seeking $1 billion for the project.

Energy & commoditiesNexGen EnergyBHPuraniumproject financing

RReutersOriginal★★☆☆☆2026-08-17 16:25

Canadian miner NexGen Energy in talks with BHP over $1 billion uranium project funding

China sets new 2030 targets for energy infrastructure development

China released its 15th Five-Year Plan for the oil and gas sector on Monday, establishing new targets for developing energy infrastructure by 2030.

Macro & central banks Energy & commoditiesChinaenergy infrastructureoil and gasfive-year plan

RReutersOriginal★★★☆☆2026-08-17 15:35

China sets new 2030 targets for energy infrastructure development

FTSE 100 set to snap six-day losing streak as miners gain

Britain’s FTSE 100 edged higher on Monday and was on course to end a six-session slide. Gains in mining stocks, AstraZeneca and Rolls-Royce offset broader caution ahead of this week’s UK inflation figures.

Macro & central banks Markets Energy & commoditiesUK stocksFTSE 100mining stocksinflation

RReutersOriginal★★☆☆☆2026-08-17 15:25

FTSE 100 set to snap six-day losing streak as miners gain

Diesel prices are skyrocketing. Here’s why Canadians may soon feel it at the grocery store

Diesel prices are surging, and Canadians may soon feel the impact when they shop for groceries.

Macro & central banks Energy & commodities Companies & industrydiesel pricesCanadacost of living

CCBC NewsOriginal★★★☆☆2026-08-17 15:06

Diesel prices are skyrocketing. Here’s why Canadians may soon feel it at the grocery store

Canada’s July annual inflation accelerates to 3% as gasoline rebounds

Canada’s annual inflation rate rose to 3% in July, slightly above expectations, data showed. Renewed US-Iran tensions pushed gasoline prices higher, while tour travel costs also increased.

Macro & central banks Energy & commoditiesCanadainflationgasoline prices

RReutersOriginal★★★☆☆2026-08-17 14:30

Canada’s July annual inflation accelerates to 3% as gasoline rebounds

Norway’s top wealth fund flags risks from AI-fuelled stock valuations

Nicolai Tangen, head of Norway’s $2.4 trillion Government Pension Fund Global, warned that soaring AI-related stock valuations could cause a sharp market correction and inflict major losses. The fund posted record first-half profits, but about a third of its equity investments are in technology and its benchmark strategy leaves little room for hedging.

Markets Energy & commodities Tech & AINorwaysovereign wealth fundartificial intelligencestock market risk

DDWOriginal★★★☆☆2026-08-17 14:00

Norway’s top wealth fund flags risks from AI-fuelled stock valuations

Novak orders continued oversight of agricultural and energy development programs

Russian Deputy Prime Minister Alexander Novak ordered continued monitoring of key macroeconomic indicators and close oversight of development programs for the agricultural and fuel-and-energy sectors. The Economic Development Ministry estimates that the economy grew 0.6% over the past six months, returning to a growth trajectory.

Macro & central banks Energy & commoditiesRussia economyAlexander Novakagricultureenergy

TTASSOriginal★★★☆☆2026-08-17 12:51

Novak orders continued oversight of agricultural and energy development programs

WorldIran-Oman talks on Strait of Hormuz security held up by US, Israel, diplomat says

Iranian Foreign Ministry spokesman Esmail Baghaei said US and Israeli interference, security obstacles, the number of parties involved and sabotage have delayed negotiations with Oman on a Strait of Hormuz security agreement. Tehran and Muscat are working on a mechanism to protect the two coastal states’ rights and ensure safe passage for merchant vessels.

IranOmanStrait of Hormuzdiplomacy

TTASSOriginal★★★★☆2026-08-17 09:52

Iran-Oman talks on Strait of Hormuz security held up by US, Israel, diplomat says

Maritime shipping costs surge to record highs on conflicts and climate factors — FT
Conflicts and climate change have sharply increased transport costs on key maritime and river routes, the Financial Times reports. Rates for oil shipments from the Persian Gulf to Asia reached a record $15.22 per barrel last week, amid the effective closure of the Strait of Hormuz, droughts and disruption around the Panama Canal, Red Sea and Black Sea.
shipping costsStrait of HormuzPanama Canalclimate change
TTASS★★★★☆2026-08-17 09:01Original

Thungela Resources profit more than doubles on higher coal prices

South Africa’s Thungela Resources said its half-year profit more than doubled as higher thermal coal prices and stronger export sales benefited the company, while the Middle East conflict disrupted energy markets.

Energy & commodities Companies & industryThungela ResourcesSouth Africacoal pricesenergy markets

RReutersOriginal★★☆☆☆2026-08-17 09:15

Thungela Resources profit more than doubles on higher coal prices

New Syria-Iraq crude pipeline still years away, sources say

Iraq’s proposal to export oil through a pipeline crossing Syria, intended to guard against future disruptions in the Strait of Hormuz, could take four years to build and cost at least $15 billion, according to people familiar with the project.

Energy & commoditiesIraqSyriacrude pipelineStrait of Hormuz

RReutersOriginal★★★★☆2026-08-17 09:10

New Syria-Iraq crude pipeline still years away, sources say

China leads wave of clean power wastage as grids globally hit limits

China curtailed enough clean energy in the six months through June to power Mexico for a year as its grids reached capacity. Networks in countries including Australia and Japan also struggled to keep up with the rapid expansion of renewable energy.

Energy & commoditiesChinaclean energypower gridsrenewables

RReutersOriginal★★★★☆2026-08-17 08:15

China leads wave of clean power wastage as grids globally hit limits

India should restore lower-ethanol fuel blend, chief economic adviser says

India should reintroduce a fuel option containing a lower share of ethanol, the chief economic adviser said. He is the first senior official to seek broader fuel choices as consumer anger grows over a contentious policy change.

Energy & commoditiesIndiaethanol fuelenergy policy

RReutersOriginal★★★☆☆2026-08-17 07:35

India should restore lower-ethanol fuel blend, chief economic adviser says