
Iran War Escalates as US, Houthis Target Ships Near Key Oil Routes
Aug 12, 2026 04:30 am UTC| Economy Politics
The United States and Yemens Iran-aligned Houthis reported separate attacks on commercial shipping Tuesday as hopes for a quick end to the Iran war faded. Tehran warned that the Strait of Hormuz, a critical route for...

Canada, US Hold Fresh Trade Talks as August 19 Tariff Deadline Nears
Aug 12, 2026 04:25 am UTC| Economy Politics
Canada and the United States held another round of high-level trade talks on Tuesday as Ottawa seeks to prevent new U.S. tariffs on Canadian goods from taking effect on August 19. Dominic LeBlanc, Canadas minister...

Australia Sets New Minimum Pay, Insurance Rules for Gig Workers
Aug 12, 2026 03:55 am UTC| Economy
Australias Fair Work Commission (FWC) has approved new minimum standards for food and grocery delivery workers, giving gig economy workers higher pay and greater protection against workplace injuries. Under the new rules,...

Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets
Aug 12, 2026 03:52 am UTC| Economy
Gold prices climbed on Wednesday, remaining close to the $4,400-an-ounce mark as uncertainty surrounding the reopening of the Strait of Hormuz boosted oil prices and kept investors focused on the Federal Reserves...

Oil Prices Rise as Hormuz Tensions Threaten Global Supply
Aug 12, 2026 03:51 am UTC| Economy
Oil prices climbed on Wednesday, approaching a two-week high as uncertainty over the Strait of Hormuz and fresh attacks on shipping raised concerns about prolonged disruptions to global crude supplies. Brent crude oil...

Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI
Aug 12, 2026 03:50 am UTC| Economy
Oil and gold prices moved higher on Wednesday as rising geopolitical tensions kept investors cautious ahead of key U.S. inflation data, while Asian stocks posted modest gains. U.S. crude oil rose 0.89% to $83.94 a barrel,...

Trump Weighs Capital Gains Tax Cuts Ahead of Midterms
Aug 12, 2026 03:45 am UTC| Politics Economy
U.S. President Donald Trump is considering proposing capital gains tax cuts as part of a broader economic agenda Republicans could promote ahead of the 2026 midterm elections, Bloomberg reported Tuesday. The potential...