Bessent attacks Warren over yen intervention, offers ‘FX for Dummies’
Treasury Secretary, Scott Bessent (L), and Sen. Elizabeth Warren (D-MA). Getty Images Treasury Secretary Scott Bessent unleashed a scathing personal attack on Sen. Elizabeth Warren Friday, accusing the Massachusetts Democrat of misunderstanding foreign-exchange markets while leaving several of her questions about a rare U.S. intervention in the Japanese yen unanswered. “In her latest sciolistic letter […]
Russia intensifies Donetsk attacks as Ukraine backs EU asset push
A view of a destroyed building of a research institute following an attack, which local Russian-installed officials called a Ukrainian strike, in Donetsk, Russian-controlled Ukraine, on August 26, 2026, amid the ongoing Russian-Ukrainian conflict. Stringer | Afp | Getty Images Russian forces have intensified attacks within Ukraine’s so-called “fortress belt” of industrial cities in the […]
Six months into the Iran war: Markets become accustomed to stalemate
Friday marks six months since the U.S. and Israel launched “major combat operations” in Iran, prompting retaliatory strikes on targets across the Gulf and sparking a new war in the Middle East. What was initially expected to be a weeks-long conflict has evolved into a standoff that geopolitical analysts say has no end in sight. […]
Iran links Hormuz reopening to ending regional wars as Trump rejects return to June deal
U.S. Navy sailors work on the flight deck of the aircraft carrier USS George Washington as it transits the Arabian Sea to support U.S. military operations in the war with Iran Aug. 20, 2026. U.S. Navy | Via Reuters Iran has set out its conditions to reopen the Strait of Hormuz, saying that ending the […]
China’s super-rich fled Singapore. Now they want to come back
A wealthy Chinese family. Viewstock | View Stock | Getty Images A year ago, wealthy Chinese families were souring on Singapore. Its rules felt onerous, its nightlife subdued. Other cities seemed easier or more exciting. Now they want to come back. Family-office advisers and wealth managers say they are seeing renewed interest in Singapore from […]
Tanker attack tests Trump’s claim that Hormuz is a ‘functioning strait’
Children swim as ships are seen anchored in the Strait of Hormuz on August 10, 2026 off the coast of Bandar Abbas, Iran. Ali Saeedi | Getty Images An oil tanker was struck by an unidentified projectile in the Strait of Hormuz, the UK Maritime Trade Operations agency said in a post Thursday, the latest […]
U.S. wants Asian allies’ strategy to align even amid pullback: analyst
An F-35C Lightning II, attached to Marine Fighter Attack Squadron (VMFA) 314, prepares to make an arrested landing on the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72), May 25, 2026. US CENTCOM A U.S. pullback from Asia will give regional allies more responsibility for their own defense — but Washington is […]
Trump oil and gas stocks gained up to $15.5 million, Democrats say
US President Donald Trump points to someone in the crowd after speaking at a campaign rally for US Senator Darline Graham at Myrtle Beach Convention Center in Myrtle Beach, South Carolina on August 21, 2026. Saul Loeb | AFP | Getty Images President Donald Trump’s oil and gas stock holdings may have gained as much […]
Macron, Burnham, Merz to co-chair Ukraine discussions.
French President Emmanuel Macron, U.K. Prime Minister Andy Burnham and German Chancellor Friedrich Merz will co-chair a Coalition of the Willing meeting Monday aimed at strengthening support for Ukraine and increasing pressure on Russia. European leaders are pledging further support to Kyiv, days after a Russian drone attack on a crowded shopping mall in Kryvyi […]
Iran warns of Hormuz ship seizures ahead of Bessent’s planned sanctions push
U.S. Treasury Secretary Scott Bessent speaks to reporters at the White House in Washington, D.C., U.S., Aug. 20, 2026. Kevin Lamarque | Reuters The U.S will unveil “the single greatest financial offensive ever” against Iran on Monday, Treasury Secretary Scott Bessent said, while Tehran threatened to seize vessels that violate transit rules in the Strait […]