Iran eases currency controls to let traders bring earnings home in crypto: FT
Iranian exporters can use earnings held overseas to finance imports directly, bypassing the official foreign-exchange system, the Financial Times reported.

Iranian exporters can use earnings held overseas to finance imports directly, bypassing the official foreign-exchange system, the Financial Times reported.

US Central Command rejected claims by Iran’s Islamic Revolutionary Guard Corps that it had struck two US Navy destroyers operating in the Middle East, saying the attacks had failed. CENTCOM also said US forces destroyed 10 Iranian tankers over the past week, describing them as part of a multibillion-dollar network funding the IRGC.

US CENTCOM said crews were warned to abandon ship before American strikes, following two missile launches by Iran’s IRGC against a US Navy warship in two days. Tehran also fired missiles at US targets in Jordan and told tankers near Kuwait and Bahrain to evacuate.
Brent crude has climbed back above $100 a barrel as fighting between the United States and Iran escalates. The move follows the destruction of five Iranian tankers by US forces and Tehran’s missile strikes on Jordan, while the conflict has kept the Strait of Hormuz largely closed since February.
Asian shares traded unevenly as investors cautiously watched the outlook for interest rates. The war with Iran pushed oil prices higher, with Brent crude approaching $100 a barrel.

The United States and Iran are exchanging attacks on vessels and tankers in the Strait of Hormuz, pushing oil prices higher while stocks fall.

US and Iranian attacks on oil tankers and other vessels around the Strait of Hormuz are raising fears of a devastating spill in the Gulf. With many tankers carrying crude and petroleum products waiting near the waterway, continued strikes could cause fires, sinkings and widespread damage to coastlines, fisheries and fragile marine ecosystems.

US forces struck five Iranian oil tankers, sinking one, after Iran targeted an American warship, according to US Central Command. Tehran then fired missiles at a US base in Jordan and said it attacked US vessels and oil tankers in the Strait of Hormuz. The escalating exchanges pushed Brent crude closer to $100 a barrel.
Iran’s Revolutionary Guard said it launched ballistic missiles at a Jordanian base used by the U.S. military and attacked 10 ships on Wednesday. The actions followed Washington’s claim that it had destroyed five Iranian oil tankers, sharply escalating the six-month-old war.
The US military says it destroyed five additional Iranian oil tankers after Iran fired missiles at a Navy warship. Iran’s Revolutionary Guards said Tehran retaliated by targeting a US base in Jordan with missiles, while Jordan’s army reported intercepting 18 Iranian missiles aimed at the kingdom.
Brent crude rose toward $100 a barrel on Wednesday as intensifying attacks in the Middle East dampened sentiment in Asian stock markets. The escalation fueled inflation concerns ahead of closely watched U.S. consumer price data.
The U.S. military said it destroyed five Iranian oil tankers Tuesday in retaliation for recent attacks on its warships. Tehran said it struck American targets in Jordan, marking another burst of reciprocal attacks in a war that has lasted more than six months.

The US says it destroyed five Iranian oil tankers in the Gulf of Oman and near Kharg Island after Iran’s Revolutionary Guard targeted a US warship twice in two days. Iran responded with ballistic-missile strikes on the Al Azraq base in Jordan; Amman said 18 of 20 missiles were intercepted and no casualties occurred.

Following the US attack on Iranian tankers, Iran’s Islamic Revolutionary Guard Corps urges crews to leave tankers in Kuwait and Bahrain and warns that it will target ships.

The US military released video showing its forces destroying what it says were five Iranian crude oil tankers. The strikes mark the second series of direct US attacks on Iranian ships in a matter of days, with CENTCOM saying they were retaliation for Iranian attempts to hit US warships.
U.S. Central Command said its forces destroyed five Iranian crude oil carriers on September 8, following attempted missile attacks on a U.S. Navy warship during the preceding two days.

US forces destroyed five Iranian oil carriers on Tuesday after Iran fired ballistic missiles at an American warship twice in recent days. Tehran also struck US targets in Jordan and threatened attacks on tankers near Kuwait and Bahrain.
US Central Command said American forces destroyed five Iranian crude-oil carriers on September 8. It described the action as a response to two ballistic-missile attacks by Iran’s Islamic Revolutionary Guard Corps against a US Navy warship over the previous two days.

The US military struck several Iranian tankers in the Strait of Hormuz on Tuesday. Explosions were reported near the southern port of Jask and Kharg Island, key Iranian oil-export sites. A US official said the strikes retaliated against attempted Iranian missile attacks on a US Navy warship; no casualties were immediately reported.
The US military struck “multiple” ships linked to Iran’s Revolutionary Guards in response to further attempted missile attacks on a US Navy warship, sending oil prices close to $100 a barrel.

Following reported US strikes, Iran’s navy warns that tankers in Kuwait and Bahrain will be targeted in retaliation.
The US military struck targets near Iran’s Kharg Island and the city of Jask, Fox News correspondent Jennifer Griffin reported, citing sources. She said Iranian oil tankers were among the targets. Iran’s Tasnim news agency said a tanker near Kharg Island was hit, with its crew evacuated and no injuries reported.

The US struck multiple Iranian oil tankers as tensions surged across the Middle East. Washington had said it carried out strikes on Iranian tankers in the Strait of Hormuz.
Iran’s public broadcaster reported that the US Army struck another oil tanker near the Iranian port city of Jask. The crew are reportedly rowing lifeboats toward the island. Tasnim earlier said US forces had attacked an Iranian tanker off Kharg Island.

The United States struck multiple Iranian tankers on Tuesday in response to additional attempted missile attacks against a U.S. Navy warship, according to an unnamed U.S. official who cited the sensitivity of the military operations.
The United States struck multiple Iranian tankers after further attempted missile attacks on a Navy warship.
The United States targeted multiple Iranian tankers near Kharg Island in the Strait of Hormuz, according to two US officials.
The US military struck targets near Iran’s Kharg Island and the port city of Jask, Fox News reported Tuesday. The strikes were described as part of a strategy to apply economic pressure on Iran and bring the war to an end.
The United States attacked an Iranian oil tanker anchored near Kharg Island, Tasnim reported. No one was injured and the crew is being evacuated. Earlier reports said explosions were heard near Kharg Island and in Jask.
Miami resident Malone Lam pleaded guilty after being accused of leading a group that stole 4,100 bitcoin. Prosecutors say the ring used online scams and home invasions to carry out the cryptocurrency theft, valued at $245 million.

President Donald Trump has intensified economic pressure on Canada after Ottawa imposed retaliatory tariffs against the United States, moving to block many Canadian goods from entering the US.

Less than three years after overcoming soaring costs, swampy terrain and poor infrastructure to launch Africa’s largest oil refinery in Nigeria, billionaire Aliko Dangote is seeking to replicate the project on Africa’s opposite coast. His proposed Kenyan refinery faces numerous hurdles, especially securing crude supplies.
Russian Chamber of Commerce Vice President Vladimir Padalko said cooperation with India is moving beyond simple trade toward deeper industrial collaboration and joint production. Bilateral trade is nearing $70 billion, while the sides are discussing high technology and digital projects and aim to reach $100 billion by 2030.
India Commerce and Industry Secretary Amardeep Singh Bhatia said Russia-India cooperation has endured over time and will continue to expand. He cited technology, joint manufacturing, critical minerals, AI and innovation as priority areas, while expressing hope that the Innoprom exhibition would lead to new projects.
Oil prices have topped $100 a barrel for the first time in nearly six weeks after attacks on Middle Eastern oil facilities and ships threatened to further cripple an already weakened supply chain.
Benchmark Brent crude futures climbed above the symbolic $100-a-barrel mark on Wednesday for the first time since July 24. The escalation of conflict in the Middle East heightened concern over oil flows from the region.
Brent crude rises as fears grow that a renewed global supply crunch could emerge.
Bitwise said Bitcoin’s 260-day correlation with the S&P 500, measured from price levels, was the lowest since 2015. CryptoSlate’s FRED-based calculation found log-level correlation near −0.62, while percentage-return correlation was +0.40. The figures show that prices can diverge over months while daily gains and losses still overlap, so negative correlation alone does not prove Bitcoin will hedge stock losses.

Agricultural trade between Russia and Turkey increased by nearly 30% year on year in January-July 2026, Russia’s Agriculture Ministry said. Russian exports grew by over 40%, while imports of Turkish goods rose more than 10%. The two ministries also signed a memorandum on mineral fertilizer supplies.
Analysts said tit-for-tat tariffs risk causing outsized economic harm in Michigan, Ohio and Maine, three key midterm states.

Canada is seeking to sell Poland nuclear-power technology and liquefied natural gas, Trade Minister Maninder Sidhu said. The two sides have also discussed building a nuclear reactor in the Eastern European country.
China and South Korea made positive progress on cross-border services trade and negative-list market access during the 16th round of talks on the second phase of their bilateral free trade agreement. Both sides agreed to speed up the remaining negotiations and seek an early conclusion to improve openness in services and investment.

The INNOPROM India international industrial exposition has opened at the Bharat Mandapam complex in New Delhi and will run through September 11. More than 130 Russian and Indian participants are presenting innovations spanning industrial machinery, transport, nuclear energy, space, artificial intelligence, urban infrastructure and financial solutions, alongside traditional crafts demonstrations.
The Innoprom. India international industrial exhibition is being held in New Delhi from September 9 to 11, with more than 120 Russian and Indian participants presenting technologies in industrial equipment, transport, nuclear energy, space, artificial intelligence, urban infrastructure and finance. A plenary session on strengthening Russian-Indian trade and industrial partnership is scheduled for September 10.
European shares slipped as oil prices approached $100 a barrel amid heightened tensions in the Middle East.

Oil prices rose above $100 a barrel on Wednesday for the first time in months, as fresh flare-ups in the United States’ war with Iran fueled renewed concern about global energy markets.
European gas prices surpassed $950 per 1,000 cubic meters during Wednesday trading, the first time since December 2022, according to London-based ICE data. The October contract at the Netherlands’ TTF hub reached about $950.3, or €78.925 per MWh. Record-low storage and the continuing Middle East conflict are driving the rise.
After Donald Trump threatened higher tariffs on Canadian vehicles, trucks and parts, Mark Carney imposed retaliatory duties on several US goods. The measures could raise costs for cars, building materials, furniture and alcohol, while adding uncertainty for business investment and jobs. The US has also announced import bans on some Canadian products.

The US president has intensified his confrontation with Ottawa by imposing new tariffs and banning Canadian alcohol. Carney warned that standing firm would come at a cost.
Mark Carney is leaning further into a pivot toward Europe by imposing counter-tariffs on US goods. Separately, Republican senators are pushing back against Donald Trump’s threat toward Bombardier.

President Donald Trump announced US import bans on Canadian dairy products, motorcycles and alcoholic beverages, along with 50% tariffs on other goods including mattresses, motorboats and golf carts. The measures followed Canada’s tariffs of up to 50% on about $20 billion of US goods and threaten the future of the USMCA trade pact.

The United States and Canada intensified a bitter trade dispute on Tuesday. Washington imposed new bans on imports of Canadian alcohol, motorcycles and dairy products as Ottawa’s retaliatory tariffs on US goods took effect.
Hong Kong insurers including Prudential, Manulife and BOC Life are accelerating cross-sector partnerships to strengthen capabilities and efficiency as China tightens cross-border tax rules. Prudential has partnered with Alibaba Cloud on an AI underwriter to help financial consultants make preliminary decisions using clients’ financial situations, medical records and occupations.

US Treasury secretary Scott Bessent warned currency traders against betting on a weaker yen. His comments came after last month’s rare joint intervention with Tokyo to support the Japanese currency.
Taiwan Affairs Office spokesperson Chen Binhua said the Chinese mainland remains the best destination for Taiwan business people and enterprises, offering fertile ground for innovation and a reliable buffer against risks. Cross-Strait trade reached $221.8 billion in January-July, up 26.5% year on year, demonstrating close economic ties and resilient supply chains. Chen also dismissed DPP authorities’ smear campaigns and pessimistic predictions.
The U.S. has announced import bans on a range of Canadian goods, set to take effect Sept. 29 as the rift between the two countries deepens and the trade war escalates.

The Financial Intelligence Unit-India issued non-compliance notices to 15 virtual digital asset service providers over what it identified as anti-money-laundering lapses.

A shipment of 8.5 metric tons of fresh pomegranates from Yunnan’s Wenshan Zhuang and Miao Autonomous Prefecture has been exported to Vietnam for the first time. Kunming Customs said streamlined inspections and online quarantine certificates helped speed clearance and reduce storage, logistics and product losses.
The 2026 China International Fair for Trade in Services opened at Beijing’s Shougang Park, with participation from 90 countries, regions and international organizations. More than 1,830 companies are exhibiting onsite, including 473 Fortune Global 500 or industry-leading firms. The fair will feature nearly 100 forums and more than 100 business-matching and promotion events.
The Bank of Russia bought 1.9 billion rubles ($22.17 million) worth of yuan on the domestic market with settlement on September 8. Purchases settled on September 7 amounted to 5.9 billion rubles ($68.84 million). The operations use the yuan-ruble instrument in the Moscow Exchange foreign-exchange section.
Hashimoto said sharp swings in the yen could create a “confused situation” in financial and global markets.

Chinese energy companies are calling for policy stability in overseas markets as geopolitical risks and headwinds from the oil crisis weigh on global investment. Executives from Sungrow Power Supply and EVE Energy said at a Hong Kong event on Tuesday that policy stability was their top expectation. Both firms have faced renewed pressure in the US market over the past two months.

Russian stocks opened lower on the Moscow Exchange, with the MOEX and RTS indices each down 0.3% at 10:00 a.m. Moscow time, to 2,267.25 and 825.8 points. The yuan rose to 12.8 rubles, while the indices’ losses narrowed to 0.2% by 10:30 a.m.
Europe’s second-highest court on Wednesday backed EU antitrust regulators’ decision to block Booking Holdings’ €1.63 billion ($1.9 billion) acquisition of ETraveli three years ago, rejecting arguments from the U.S. online travel company.
The 2026 China International Fair for Trade in Services opened in Beijing with participants from 90 countries, regions and international organizations and more than 1,800 exhibitors. The fair will debut over 100 products and services and feature innovation cases involving artificial intelligence, large language models and intelligent agents as China seeks to expand services-trade opening.

XRP ETFs attracted nearly $2 million on Tuesday, while funds tracking bitcoin, ether, solana and hyperliquid posted outflows. Grayscale products were responsible for all the bitcoin and ether outflows.

Bitcoin treasury company Strive increased its annualized preferred-dividend burden by nearly $12 million in one week after SATA shares rose by 921,511. It bought 1,375 BTC, taking holdings to 24,531, while the 13% current dividend rate implies about $129.9 million in annual payouts. Higher cash left coverage broadly unchanged at about 18.7 months.

Adani Enterprises, the flagship company of Indian billionaire Gautam Adani, said its airport unit plans to raise about $1 billion from investors including Temasek and BlackRock to fund expansion.

Adani Enterprises shares rose sharply after its airport unit entered a $1 billion fundraising agreement. Investors will subscribe to new shares in three tranches and collectively own about 5.54% of the airport operator once the final tranche is completed.
China’s oil demand is projected to decline by 600,000 barrels per day in 2026, an 8.9% drop from the previous year and the third consecutive annual decrease, Sinopec’s research arm says. High prices have curbed consumption as electric-vehicle adoption accelerates.
British asset manager Aberdeen said on Wednesday that Torbjörn Magnusson, former chief executive of Nordic insurance giant Sampo, will become its chair-designate and serve as a non-executive director.
Cartier owner Richemont named Anton Rupert, son of chairman Johann Rupert, as non-executive co-deputy chairman of its board on Wednesday. The luxury goods group said the move forms part of its succession planning.
China Asset Management says mainland stocks may trade sideways in September. Double-digit first-half profit growth could support prices, but concerns about possible US monetary tightening and a hawkish Federal Reserve tone may weigh on the recovery.

Singapore Airlines, backed by state investor Temasek, is expected to demand greater management influence and stronger governance rights before approving any new capital injection into Air India, according to two people familiar with the matter.
Jack Dorsey’s Block says it has applied to establish Builders Bank & Trust, an uninsured national trust bank that would provide a federal framework for the company to custody Bitcoin, stablecoins and other digital assets.
Volkswagen is considering a strategic tie-up with JSW Group as it seeks stronger returns and a more competitive position in India, the world’s third-largest auto market.
Norway’s oil fund says sovereign debt is not what it used to be.
Indian markets are showing signs of recovery, but volatile oil prices, a delayed monsoon and uneven stock valuations could erode those gains. Four financial experts identify investment opportunities in an otherwise uneasy market.
Hunter Biden defended the LAPTOP token ahead of its Wednesday launch, calling TRUMP a “grift.” He said LAPTOP stands for “resilience, redemption and recovery” and will distribute coins to nearly one million wallets that lost money on TRUMP.


Ahead of the LAPTOP memecoin’s launch, Hunter Biden outlined its airdrop and burn-or-charity rules. About 30% of the supply is linked to 30 public real-world events, with the outcomes determining whether the tokens are burned or donated.
France’s Champagne region is experiencing an extraordinary collapse in its harvest. Even so, consumers should not expect the number of bottles reaching stores to be cut in half—at least for now.
Oil prices rose for a fourth consecutive session, gaining more than $1 in early Wednesday trading as renewed attacks across the Middle East intensified concerns over possible supply disruptions.
Kevin Buckland’s outlook for European and global markets focuses on the prospect of Brent crude reaching $100 and the yen’s unexpectedly strong performance.
Senegal’s use of total return swaps to manage its sovereign debt is coming under pressure, with the window for the arrangement narrowing.
The British pound has gained from a resilient economy and expectations of higher rates, but the Bank of England is looking increasingly dovish as a crucial budget approaches, potentially putting the currency’s run at risk.

US Treasury Secretary Scott Bessent said the global oil market could become oversupplied in the foreseeable future. He said the timing was uncertain, citing developments involving Venezuela, a possible end to the Russia-Ukraine war, normalization in the Middle East and the possibility of OPEC falling apart.
Chipotle has entered Asia through its first-ever international joint venture, opening its first restaurant in South Korea. Singapore is planned as the next market in 2027.

Bitcoin briefly fell to about $77,600 on Tuesday before recovering most of the loss and ending little changed. Zcash rose roughly 43% over the week, while Grayscale’s new fund surpassed $500 million.

Crypto groups are spending millions on a national TV campaign ahead of next week’s Senate vote on the CLARITY Act. The ads promote consumer protections and attack banks opposing parts of the bill, while senators and the White House remain divided over ethics restrictions on President Donald Trump and his family’s crypto interests.

The first staked ETF linked to Tron is scheduled to enter the US market Wednesday, offering investors a new way to gain exposure to TRX.

Unlike other energy majors that benefit from natural advantages and national backing, BP and Shell lack both and therefore need to move more nimbly.
Bonds issued by companies including Alphabet and Amazon have made up more than a quarter of Swiss franc corporate issuance this year, reshaping the Swiss credit market as AI-related borrowing surges.
Iranian authorities have quietly eased foreign-exchange controls to encourage traders to bring urgently needed funds back into the country, as the authorities turn to cryptocurrency to bypass sanctions.
Fintech Revolut is taking aim at business banking and has set its division a target of reaching 1mn customers globally by 2027, including FTSE 250 companies.
Investors see an almost certain European Central Bank rate hike on Thursday, yet the decision is more awkward than the numbers suggest: inflation is being driven almost entirely by energy, while underlying pressures are easing.
Cross-border payments and interoperability among national payment systems are expected to be central at the 18th BRICS Summit in New Delhi on September 12-13. India says it supports linking existing fast-payment systems and central bank digital currencies, not creating a common BRICS currency. Russia says about 90% of its BRICS transactions use national currencies, while UnionPay and Brazilian partners are piloting links between Chinese QR payments and Pix.

Treasury Secretary Scott Bessent said expanding a buyback program for older US government securities last month was intended to calm what he called a “fever” in the bond market.
The Pinglu Canal, a major project linking western China’s New International Land-Sea Trade Corridor, will begin navigation on Sept. 16. The 134.2-kilometer waterway connects Guangxi with the Beibu Gulf and is expected to cut inland shipping distances by more than 560 kilometers and reduce logistics costs by 18% to 30%.
China’s Supreme People’s Court has issued the country’s first systematic judicial guidance for property developer bankruptcies. It seeks to end inconsistent practices that have slowed asset disposals and deterred capital, calling for timely reorganisations of viable developers and swift liquidations of those without sustainable value.

China’s consumer price index rose 0.8% year on year in August, according to data from the National Bureau of Statistics. The producer price index, which tracks factory-gate costs, increased 3.8% over the same period.
StoneX says Robinhood Chain’s launch and the company’s prediction-markets business are creating new growth drivers, supporting its view that Robinhood has 45% upside.

Strategy doubled its preferred-stock repurchase authorization to $2 billion as STRC remained below its $100 stated value. The company has spent about $811.5 million on buybacks since July, including a record $176.3 million purchase in the latest week, funded from its USD Cash balance while Bitcoin buying paused.

China’s wholesale inflation exceeded expectations in August, driven by higher commodity costs and technology demand. Much of the anticipated pickup reflects a favorable base-effect comparison and rising commodity costs rather than a genuine strengthening in household demand.

Sohar International Bank, Oman’s second-largest lender by total assets, is set to open a representative office in Hong Kong this week, sources said. CEO Abdulwahid Mohamed Al Murshidi is due to attend Thursday morning’s opening ceremony at Cheung Kong Center II in Central.

Maybank Singapore’s CEO says Asia’s ultra-rich continue to favor gold while also diversifying into digital assets. The headline examines their investment choices and where wealthy Chinese are moving.

Official data showed that China’s consumer price index, a key measure of inflation, increased 0.8% from a year earlier in August.

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