Morning Edition · Wednesday, October 14, 2026
Markets
Houthi missile sets fire to Saudi Aramco office building in Dhahran as Brent holds near $106
The strike came hours after a Saudi-led coalition raid on an oil site in Sanaa. Crude rose less than 1% because the missile struck offices rather than export capacity. Tanker rates, which OilPrice describes as the highest on record, are already straining crude shipping.
Macro
Fed's Williams says no rate increases should be needed in 2027, against futures pricing, before US inflation data
Bitcoin rose about 1.5%, approaching $84,000, as the dollar weakened. Gold fell 0.4% to about $4,157 an ounce, and silver lost nearly 2%.
Geopolitics
Trump says the US has "had it" with Iran and will decide "very soon," while Tehran tells Britain to prove its Fairford accusation
Israeli officials say no new intelligence justifies a military operation, and Gulf states have warned that Iran could send ground forces into their territory if US bombing resumes.
Macro
Japanese banks and insurers buy domestic bonds again as 30-year yields stay above 4%
The shift will show whether some of Japan's large overseas holdings start coming home, even as MUFG considers taking majority control of India's Shriram Finance.
Macro
IMF's Georgieva says growth alone will not reduce US debt of more than $40 trillion
Speaking at the IMF and World Bank meetings in Bangkok, she said the US needs fiscal measures, and warned that high energy prices and bond-market strain have made the fund's new outlook more pessimistic.
Geopolitics
Russian officials report hundreds of drones aimed at Moscow overnight, and a strike in Balakovo kills one person
Moscow's mayor said 493 drones were launched toward the capital region between Tuesday evening and Wednesday morning, according to Kommersant, and more than 20 Moscow-bound flights landed in St Petersburg instead.
Geopolitics
Russian missile hits Kyiv's CHP-4 power plant, and Zelensky says allies gave no early warning for a second night
Trump says US intelligence still reaches Kyiv, while Britain says it will speed up deliveries of Lightweight Multirole Missiles to meet Ukraine's winter needs.
Macro
Sitharaman says the Reserve Bank of India will keep limiting rupee swings without fixing a level
The rupee closed at 95.78 per dollar on Monday after the central bank opened a dollar window for state oil importers and tightened rules on currency derivatives.
Geopolitics
Trump says Taiwan will buy 30% of Alaska LNG output for 20 years and invest $4.4 billion
Trump announced the commitment at a campaign rally in a state hurt by high energy prices. It adds to South Korea's $50 billion pledge for a project that has signed buyers for 13 million of its planned 20 million tons a year.
World
Lula promises a university version of Pé-de-Meia as Brazil's Senate weighs ending the six-day work week before the October 25 runoff
Business groups call the work-week amendment a potential "socioeconomic disaster," Petrobras has received R$16 billion in fuel subsidies, and several poll aggregates show Flávio Bolsonaro ahead.
Tech
FBI charges Saudi OpenAI engineer with hiding a recording device in an executive conference room
OpenAI says it found the device behind a television on September 30 and used its own AI models to identify the employee, who was arrested on October 9.
Geopolitics
Argentina asks the Law of the Sea tribunal to stop the Sea Lion oil project near the Falkland Islands
Britain responded with measures to protect companies from Argentine sanctions, and a UK minister accused President Javier Milei of using the islanders as a prop before next year's Argentine elections.