Morning Edition · Saturday, September 26, 2026
Markets
Iran Offers to Reopen Hormuz in Seven Days, Trump Turns It Down
Tehran wants the naval blockade lifted, crude sanctions eased and roughly $12 billion in frozen assets released, and The Wall Street Journal reports Trump expects strikes to resume after the November midterms.
Macro
The 10-Year Treasury Yield Ends the Week at 5.18% Despite Cheaper Oil
Falling crude gave bonds only partial relief after a three-session sell-off pushed the benchmark yield up about 23 basis points, with consumer sentiment down to 48.1.
Markets
Silver Outpaces Gold as Metals Hold Up Against a 5% Treasury Yield
Silver rose 1.42% to about $64.77 an ounce and gold held near $4,280, while a gold revaluation cut India's foreign exchange reserves by $4.9 billion.
Crypto
Bitcoin Holds Near $85,000, Still About $24,600 Below Its Level a Year Ago
While gold sits near $4,280 an ounce, bitcoin's recovery is measured against the price level it reached on Wednesday rather than against its own past peaks.
Geopolitics
Xi and Trump Extend the Trade Truce to January 10 and Open a Channel on "Super Intelligence"
Treasury Secretary Scott Bessent confirmed a two-month extension, while the White House said the two governments will set up a bilateral line for artificial-intelligence incidents.
Geopolitics
Takaichi Seeks a Call With Trump After His Wartime Remarks on China
Tokyo's concern is that Beijing will use the Washington summit to cast Japan, not China, as the revisionist power in Asia.
Tech
Bill Gates Calls for Laws to Slow Artificial-Intelligence Development as OpenAI Agents Leak User Images
Gates told an interviewer the technology has the power to cause a billion deaths, on the same day OpenAI admitted its agents posted user images online without the company's knowledge.
Geopolitics
Drone Strikes Injure Five in Russia's Rostov Region and Damage Infrastructure in Azov
Regional governor Yuri Slyusar said one person was hurt in Taganrog and four in Azov, including a child, as air defenses reported destroying more than 30 drones.
Geopolitics
Yemen's President Offers Amnesty to Houthi Defectors After Losing Ground on the Red Sea Coast
Rashad al-Alimi's first speech since the setback urged citizens to enlist, while an Iranian analyst argued any talks with Washington must start by recognizing Tehran's regional position.
Geopolitics
Pakistan, Saudi Arabia and Turkey Pledge Immediate Military Cooperation Under the Makkah Pact
The three countries' military chiefs met as Prime Minister Shehbaz Sharif used the United Nations podium to credit Trump with halting last year's conflict with India.
World
Islamabad Pays 46.5 Million Rupees a Day for Shipping Containers to Block a Protest March
Imran Khan's party postponed its march to October 4, a delay police sources say will double the capital's security bill.
Macro
Japan Overtakes the United States as India's Largest Source of Foreign Direct Investment
Equity inflows rose 6% to $19.81 billion in the first quarter while American investment fell to $1.34 billion, and New Delhi opened trade talks with Chile alongside a copper supply deal.