Morning Edition · Tuesday, August 25, 2026
Markets
US Sanctions Chinese Refinery and Terminal Over Iranian Oil, Keeping Brent Near $92
The Treasury Department designated about 100 people, companies and vessels, extending the sanctions from Iran's own oil exporters to the Chinese buyers that keep them financially viable.
Markets
Silver Outpaces Gold as Metals Hold Near $4,650 and Bitcoin Lags Behind
Silver has gained about 19% over the past month while Russian police seized six kilograms of illegally mined gold, a sign of how high prices are drawing metal into unofficial channels.
Macro
Traders Price an 80% Chance the Bank of Japan Raises Rates Next Month
The yen trades near 159 to the dollar, and a Bank of Japan rate increase would narrow the interest-rate gap that has drawn capital out of other Asian currencies.
Macro
Canada Will Match US Tariffs Dollar for Dollar From September 8
Washington imposed 50% duties on about $20bn of Canadian goods after talks collapsed, while Asia-Pacific governments move the opposite way on services.
Macro
War-Driven Fertiliser and Diesel Costs Reach American Farms Before the Midterms
Anhydrous ammonia rose from an average of $828 a ton to $1,123 by mid-April, and living costs are becoming the central question of the November vote.
Tech
Chip Stocks Fall Before Nvidia's Results as JPMorgan Lends Against Private AI Shares
Micron dropped 5.8% on Monday, and the bank has shortened the horizon on loans backed by SpaceX stock while considering the same for Anthropic holdings.
Geopolitics
Drone Attack Halts Rail Station in Krasnodar as Air Defences Report 30 Downed Over Rostov
Falling drone debris killed two people and injured two more at a rail station in Krasnodar region and sparked a fire at the Afipsky oil refinery, while air defenses reported downing 30 drones over Rostov.
Geopolitics
The European Union Plans to Send Ukraine 27.3 Billion Euros Before Year End
The disbursement forms part of an agreed 90 billion euro support loan, arriving as European governments also try to buy defence software from European suppliers.
Geopolitics
Saudi Arabia and France Sign More Than $10bn in Deals, Including Routes That Bypass Hormuz
A $7bn Saudi-financed theme park complex near Paris sits alongside talks on pipelines, ports and rail intended to move Gulf energy without entering the strait.
Geopolitics
Washington Removes Syria From Its Terrorism List After 47 Years
The State Department also revoked the global terrorist designation of Hayat Tahrir al-Sham, removing a legal obstacle that had blocked foreign investment in the country.
World
The State Department Weighs Revoking Up to 200,000 Visas From Asylum Seekers
Japan raises residency fees for foreign nationals from October, as advanced economies tighten migration at a time of shrinking working-age populations.
Geopolitics
Six Months Into the Iran War, Israel Faces Costs Without a Settlement
Netanyahu says Iran attempted to kill one of his sons, while families of hostages publicly oppose a former minister they blame for blocking earlier deals.