Six months after the United States and Israel launched their war against Iran, the worst economic forecasts have not materialized. Still, the conflict’s effects have been uneven, benefiting investors while imposing costs on consumers.

Iran wareconomic impactinvestorsconsumers

Former White House teleprompter operator Gabriel Perez must pay more than $172,000 after using advance knowledge of Donald Trump's speeches to bet on Kalshi. He will surrender $107,539.02 in profits, pay a $65,000 civil penalty and face a three-year trading ban.

White HouseDonald Trumpinsider tradingKalshi

A White House teleprompter operator will pay more than $172,000 to resolve a federal regulator’s investigation into alleged well-timed prediction-market bets linked to President Donald Trump’s speeches.

Donald TrumpWhite Houseinsider-trading probe

The Commodity Futures Trading Commission announced penalties against Gabriel Perez, who placed the bets through Kalshi, ordering him to pay $172,000.

White HouseKalshiregulatory penalties

President Donald Trump announced on Friday an unprecedented US effort to take control of one-fifth of Venezuela’s vast oil reserves. He is betting American companies can revive the OPEC member’s battered energy sector while adding crude supplies to help lower US fuel prices.

US politicsVenezuelaoil reservesDonald Trump

Donald Trump says the US has reached a deal to control 65 billion barrels of Venezuela’s oil reserves. He has long been open about wanting the US to secure Venezuelan oil and has urged oil companies to invest in the South American country.

United StatesVenezuelaoil deal

US President Donald Trump says the United States and Venezuela have reached the “biggest oil deal in world history,” giving Washington control of 65 billion barrels of Venezuelan oil. Critics describe the agreement as predatory.

United StatesVenezuelaoil deal

Bloomberg News Now covers Trump’s statement that the US has secured some Venezuelan oil reserves, along with remarks by Warsh and other top stories. The report is updated throughout the day and focuses on global business news.

Donald TrumpVenezuelaoil reservesglobal business

Bloomberg News Now highlights Donald Trump’s statement that the US has secured some Venezuelan oil reserves, remarks by Warsh, and other leading stories. The audio report is updated throughout the day with global business news.

Donald TrumpVenezuelan oilWarsh

Donald Trump says the United States has secured majority control of more than 65 billion barrels of Venezuela’s proven oil reserves in a deal intended to revive the country’s energy industry and increase crude supplies to US refineries. The arrangement could bring about $209bn to Venezuela’s treasury, but its structure and implementation remain undisclosed and may face legal and constitutional challenges.

VenezuelaDonald Trumpoil dealUS energy

US Secretary of State Marco Rubio said an oil agreement with the United States could help Venezuela attract about $100 billion in private investment and support the reconstruction of its economy. He said the deal would also secure stable, low-cost oil reserves for the US and help lower gas prices. Trump had earlier announced majority US control of more than 65 billion barrels of Venezuela’s proven reserves.

Venezuelaoil dealprivate investmentUnited States

Federal Reserve Chair Kevin Warsh appeared somewhat less opposed on Friday to signaling the monetary-policy outlook, as bond markets pressed him to explain his view of high inflation and what action he might take.

Federal ReserveKevin Warshmonetary policyinflation

Warsh’s speech offered a clearer picture of how he interprets the economy, while leaving unresolved questions about the Federal Reserve’s ‘reaction function’.

Federal ReserveJackson Holemonetary policy

After confusing markets at his July press conference, Fed Chairman Kevin Warsh used Jackson Hole to offer a clearer explanation of the case for higher interest rates.

Federal Reserveinflationinterest rates

At a major economic event, Fed Chairman Kevin Warsh declined to signal where interest rates are headed, while describing inflation as “concerning.”

Federal Reserveinterest ratesinflation

In a speech, Warsh expressed concern about inflation and laid out his philosophy on policymaking while carefully avoiding any signals about the policy outlook.

Federal Reserveinflationmonetary policy

Federal Reserve Chair Kevin Warsh says inflation remains too high and suggests the central bank may need to raise interest rates in the coming months to bring it down, offering a clearer indication than before of his economic outlook.

Federal Reserveinflationinterest rates

Federal Reserve Chair Kevin Warsh said at Jackson Hole that the central bank would have more work to do if it could not confirm underlying inflation was returning to its 2 percent target quickly enough. He said financial conditions did not appear restrictive enough, leaving open the possibility of rate hikes, while stressing he offered no timeline or forward guidance.

Federal Reserveinflationinterest ratesJackson Hole

Federal Reserve chair Kevin Warsh said summer inflation readings had improved less than expected but had not meaningfully changed the picture. He said the Fed must be confident underlying inflation is moving back to its 2% target quickly enough, otherwise it has “work to do”, suggesting rates could rise while stressing this was not forward guidance.

Federal Reserveinflationinterest ratesUS economy

Wall Street’s main indexes were subdued on Friday after Federal Reserve Chair Kevin Warsh reiterated his focus on returning inflation to the central bank’s 2% target. A rally fueled by artificial intelligence stocks in the previous session also faded.

Federal Reserveinflation targetWall Streetartificial intelligence

Six months into the conflict, it is becoming clearer who is benefiting and who is suffering greater damage in the energy sector.

Middle East conflictenergygeopolitics

Warsh’s Jackson Hole speech could shape expectations about Federal Reserve support for Treasury buybacks, with potential consequences for bitcoin, gold and long-term yields.

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Rae Wee looks ahead to the day in European and global markets as Warsh heads into the Jackson Hole hot seat.

WarshJackson Holeglobal markets