LATESTBusiness

Oil Prices Hit Six-Week High as US-Iran Strikes Escalate in Hormuz

Oil Prices Hit Six-Week High as US-Iran Strikes Escalate in Hormuz

AI-generated representative image: An oil tanker transits the Strait of Hormuz amid rising crude prices and heightened US-Iran tensions.

Brent crude nears $97 as tanker attacks deepen global supply fears and push US fuel costs higher

By Editorial TeamSep 8, 2026 · 7:33 AM
Canada Retaliatory Tariffs on US: Trade War Escalates
Business

Canada Retaliatory Tariffs on US: Trade War Escalates

Carney matches Washington's 50 percent levies dollar for dollar on steel, dairy and electronics

Fifa World Cup Stake Sale to Tech Investors Collapses Amid Backlash
Business

Fifa World Cup Stake Sale to Tech Investors Collapses Amid Backlash

How Silicon Valley's Thrive Eternal consortium pursued a $20 billion World Cup investment deal — and why football's governing body was forced to walk away.

Trump Imposes 15% Tariff on Polysilicon Imports Amid US-China Tech Rivalry
Business

Trump Imposes 15% Tariff on Polysilicon Imports Amid US-China Tech Rivalry

Executive order targets critical semiconductor and solar panel material as Washington moves to rebuild domestic polysilicon production capacity

New Zealand Unemployment Hits 5.6%: Highest Since Late 2015
Business

New Zealand Unemployment Hits 5.6%: Highest Since Late 2015

June quarter jobless rate surpasses forecasts as rising participation and spare labor capacity cloud RBNZ rate hike outlook

China Imposes Drone Export Controls and Sanctions on US Entities
Business

China Imposes Drone Export Controls and Sanctions on US Entities

Beijing blacklists seven American firms and tightens drone technology shipments in retaliatory countermeasures against Washington

S&P 500 Hits Record High Above 7,700 on Strait of Hormuz Deal Hopes
Business

S&P 500 Hits Record High Above 7,700 on Strait of Hormuz Deal Hopes

Dow also notches fresh record as oil prices slide on Iran-Oman talks to restore the critical crude shipping route

White House AI Safety Meeting Set After OpenAI and Anthropic Breaches
Business

White House AI Safety Meeting Set After OpenAI and Anthropic Breaches

Trump administration seeks early access to advanced models for federal safety testing as state AGs demand OpenAI documentation.

US Stocks Near Record High as Oil Slides on Trump Iran Talks
Business

US Stocks Near Record High as Oil Slides on Trump Iran Talks

S&P 500 rallies toward all-time high while Brent crude tumbles amid conflicting US-Iran diplomacy signals