Of 907 supertankers worldwide, only 740 can move crude legally — and nearly 40% of those are more than 15 years old. New orders are rising but the current orderbook covers only about 17% of the global fleet, not enough to replace what is set to retire.
The Fed hiked its benchmark rate by a quarter point to 3.75%-4.00%, with policymakers signalling more increases could follow. President Trump called for rates of 1% or lower; Fed chair Kevin Warsh defended the bank's independence.
The 1,200-km East-West Pipeline was shut last week after drone attacks damaged two pumping stations. Aramco is selling extra crude to Asian buyers in the meantime to offset lost exports.
The bank has formally abandoned its baseline oil-market view for the first time since fighting began seven months ago. Brent is trading near $106 a barrel, about $16 above JPMorgan's fair-value estimate, and the bank says it cannot model how or when the conflict ends.
Saudi Arabia's East-West pipeline has been shut since 10 September after Houthi strikes caused serious damage. No crude has left Yanbu since the following day, and at least three European refiners have had late-September cargoes pushed back to as late as November.
Tokyo's move came as Wall Street climbed following a US rate rise, with more increases possible later this year. Alibaba, Tencent and ByteDance have each chosen a different route to the same destination: the computing infrastructure the AI race demands.
The country's capital markets regulator blocked withdrawals from seven asset management firms and ordered 130 funds to close. Investors pulled as much as $1 billion from Turkish funds in a single day as the BIST 100 fell more than 5 percent.
The expected move to 1.25% would be the first increase in three months, driven by oil approaching $100 a barrel and a yen that has slipped to 152 per dollar. Analysts polled by Reuters expect rates to keep climbing, reaching 1.75% by mid-2027.
The Innovation Exemption lets designated venues offer tokenised shares around the clock with instant settlement and fractional ownership. But companies get 30 days' notice and can veto tokenisation of their own stock.
The Fed's benchmark rate is now 3.75% to 4%, after a unanimous vote under chair Kevin Warsh. Inflation stands at 3.4%, well above the Fed's 2% target, and borrowing costs are expected to rise.
Markets put the odds of a quarter-point rise on Wednesday at above 92%, with inflation still running at 3.4%. A further increase in December is seen as more likely than not, with CNBC putting the odds at above 75%.
Commercial crude inventories fell 0.6 million barrels to 423.4 million in the week ending 11 September, even as imports rose to 7.1 million barrels a day. Gasoline and distillate stocks both increased, pushing total petroleum inventories up 2.6 million barrels.
The Federal Reserve lifted its benchmark rate to 3.75%–4%, with Chair Kevin Warsh saying inflation remains too high. The Fed does not expect to hit its 2% target until 2029, and most officials expect at least one further rise this year.
Gains spread across 12 of 13 major retail categories, easily beating forecasts of 0.7% to 0.8% growth. Economists have raised their third-quarter GDP estimates after the result.
Consumer prices rose 4.2% year-on-year in May, more than two points above the Fed's target. Trump criticised the move within hours, though he said he still has confidence in Fed Chair Kevin Warsh.
The PHLX semiconductor index fell 5.9% on Monday after Anthropic's Dario Amodei warned that AI development was outpacing safety controls, with OpenAI's Sam Altman backing his concerns. Microsoft bucked the trend, rising 2.5% after publishing a provisional AI code of conduct.
The bank called such a move 'very unlikely' as recently as last month. Hotter-than-expected August inflation data has since pushed market odds of a quarter-point hike to around 88%.
Dario Amodei's essay warning that AI agents could take over the entire internet within a year rattled investors. Nvidia, SoftBank and Samsung were among those to record sharp declines.
The yield touched 4.99% on Friday after inflation came in hotter than expected, driven by gasoline topping $4.29 a gallon nationally and oil above $100 a barrel. Markets now put the odds of a Fed rate rise next week at 86%.
The 1,200km East-West pipeline, which carries around 4 million barrels a day to the Red Sea, could be down for five to six weeks. Yanbu port has enough stocks to last only five to seven days, and crude has already climbed above $100 a barrel.
Supply shocks — from fighting near the Strait of Hormuz to Russia's export ban — have tightened global markets sharply. Businesses have mostly held back from passing the costs on, but economists say households will feel the effects before the year is out.
The kingdom produced 6.238 million barrels per day in August, down nearly two million from the previous month. Houthi strikes on oil facilities and blockades of key shipping routes have forced Saudi Arabia to reroute crude, while Brent futures crossed $100 a barrel.
Rising oil and gas prices have pushed inflation well above the bank's 2% target, with the Middle East conflict adding to the pressure. Households and businesses now face higher mortgage and borrowing costs as winter approaches and gas storage remains below normal levels.
The repurchase was three times the Treasury's usual volume and designed to push borrowing costs lower. Bond markets moved in the opposite direction after the expanded programme was announced.
Oil prices have surged roughly $20 in a few weeks after tanker attacks by the US and Iran in the Gulf of Oman raised fears about the Strait of Hormuz, which carries about a fifth of the world's oil and gas supplies.
Fires at energy installations in four southern Saudi cities forced a temporary halt to operations, wounding 73 people including children. A Houthi spokesperson warned that a broader operation deep into Saudi Arabia was still to come.
Brent crude touched $98 a barrel and WTI neared $93 after the two sides traded strikes on tankers, warships and military targets over the weekend. Goldman Sachs says prices could reach $120 if attacks on shipping intensify.
The result was well above consensus estimates of around 60,000 and follows two weak months for payrolls. Wage growth hit its lowest level since 2021, complicating the picture for Federal Reserve rate decisions.
Nonfarm payrolls grew by 162,000 — roughly three times what economists had expected and the strongest monthly gain since March. Rate futures now put the chance of a Federal Reserve increase at 60 percent, up from 49 percent the day before.
Three policymakers already dissented in favour of a hike at the July meeting, and the minutes suggest that number could grow. Futures markets put the chance of a September increase at around 38%.
Andrew Bailey, governor of the Bank of England and chair of the Financial Stability Board, warned G20 finance ministers that frontier AI could transform the speed and scale of attacks on financial systems. He singled out the small number of cloud and technology providers that much of the global system depends on as a critical vulnerability.
Kevin Warsh delivered the keynote at the annual Wyoming symposium on 28 August 2026. Federal Reserve leaders have long used the occasion to prepare markets for shifts in policy, making the choice of words — and tone — as closely watched as any formal announcement.
The chip giant's data-centre revenue more than doubled in a year, and its new forecast for fiscal 2028 is well above what Wall Street expected. CEO Jensen Huang says the only thing holding growth back is a shortage of components, not demand.
India's markets regulator has cleared Mukesh Ambani's digital services giant to raise $3.8 billion in a listing that would surpass every public offering in the country's history. No date or price band has been set yet.
Kevin Warsh sharpened the Fed's inflation warning and said the central bank has 'work to do' if prices stay stubborn. He also rejected the use of forward guidance, the tool markets rely on to anticipate the Fed's next move.
Oura Health is targeting a September listing on a US exchange. The Finnish-American company says it is on track to triple its 2024 revenue this year, reaching $1.5 billion in sales.
The Federal Reserve chair arrived with a philosophy of 'more thinking, less talking' — and bond markets have revolted twice in three months. His Friday address at Jackson Hole is his first real chance to explain himself.
Core consumer prices rose 1.8% in July, accelerating for a second straight month. Wholesale inflation hit 7.2%, and Bank of Japan board members are pushing to move faster than the current pace of two hikes a year.
The gross federal debt reached $40.047 trillion on 19 August, with a trillion dollars now being added roughly every five months. Interest payments have already surpassed the defence budget this year, and the legal borrowing ceiling is projected to be hit sometime in 2027.
US 30-year Treasury yields have reached 5.33%, their highest since 2007, as tech giants flood markets with debt to fund AI infrastructure. Yields are surging across the developed world, from Japan to Germany to Britain, with oil back above $90 a barrel adding to fears that inflation will stay high.
Brent crude closed at $90.87 a barrel on August 17, the day a 60-day negotiating window expired without a deal. Prices are now nearly 50% higher than at the start of the year, with US gasoline averaging $4.06 a gallon.
The near-closure of the Strait of Hormuz has caused the largest oil market disruption on record, sending Brent crude as high as $120 a barrel. The windfall is going into stockpiles, not new wells.
The AI hedge fund collapse and semiconductor selloff made July the firm's worst month in roughly a decade. Despite that, Jane Street had generated more than $40 billion in net trading revenue through July — more than its entire 2025 record.
An SEC filing reveals Nvidia owns roughly 122.8 million SpaceX shares, acquired through its $10bn investment in Elon Musk's xAI. SpaceX has since pledged to use only Nvidia chips in its AI data centres.
The social media company becomes only the second pure social media firm in the benchmark, after Meta. Its stock is still down 31% this year, weighed down by fears that AI is eating into its Google search traffic.
The server maker's guidance came in more than $12 billion above analyst consensus — and its near-term outlook beat even the most optimistic individual projection. A record order backlog from AI data centre customers explains much of the confidence.
Tehran presented a lengthy list of conditions for reopening the waterway, collapsing hopes of a near-term deal that had briefly seemed within reach. Equity markets are taking it far more calmly than oil traders are.
Tehran is now demanding billions in compensation, a US troop withdrawal and an end to the naval blockade before the strait reopens. The conditions caught markets off guard after American stocks just had their best week since April.
Tehran hit what it called hostile targets in the waterway that carries a fifth of the world's oil, sending prices up more than 1% in a single session. A deal brokered by Oman was reported close last week, but Iran presented Washington with a new list of demands over the weekend and no agreement has been signed.
With margin debt at an all-time $1.5 trillion, the Buffett Indicator near 218%, and the Fed expected to hold or hike, the conditions growth stocks require and the conditions that actually exist have rarely been further apart.
The closure of the Strait of Hormuz has removed 11 million barrels of oil per day from global supply; a peace deal is expected, but infrastructure timelines and price trajectories remain deeply uncertain.
Spot gold slid roughly 12–13% in June 2026, its steepest monthly decline in nearly two decades, as hawkish Federal Reserve expectations and a stronger dollar outweighed the metal's traditional appeal in times of conflict.
The Japanese currency touched 162.41 per dollar on 30 June, its weakest level since 1986, as analysts warn that further intervention is likely but structural pressures remain unresolved.
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