US and Iran resume military strikes - Oil prices traded nearly 2% higher
Oil prices traded nearly 2% higher on Monday after the US attacked an Iranian island in the Strait of Hormuz and Tehran retaliated, as the conflict stretched into its sixth month. Brent crude futures rose 2% to $89.87 a barrel, while U.S. crude traded at $84.85.
US forces struck two missile launch systems on Iran's Larak Island in the Strait of Hormuz. In response, Iran attacked two US air bases in Jordan.
US President Donald Trump said in a brief social media post on Sunday that Iran's energy hub, Kharg Island, was being "blown to pieces," but there was no evidence the island was under attack. Iran denied the attack on the island, adding that oil operations continued.
Negotiations to end the conflict are deadlocked as mediators work to reopen the Strait of Hormuz, through which a fifth of the world's oil passed before the war began in late February.
The number of visible cargo ships sailing through the strait fell to five a day over the weekend, shipping data showed on Monday, reflecting caution among companies wary of attacks on ships. The UK's Merchant Marine Operations reported that a tanker was hit by a shell while sailing through the strait.
Treasury Secretary Scott Bessent said the US could impose new sanctions on Iran every week.
How did this month end for the major currencies?
The US dollar closed the month of August negatively, failing to recover the loss it suffered during this period, as it was bought today at 79.3 lek and sold......
Cost of war in Iran reaches £2,400 - Analysis for UK households by end of 2027
UK households will have suffered an average financial hit of £2,400 from the war in Iran by the end of 2027, an analysis shows. The Centre for Economic and......
Meloni, ready to set a record - On Friday, her government becomes the longest-lasting in Italy's history
Italy's Prime Minister, Giorgia Meloni, is set to reach a historic milestone on Friday (September 4), when her government becomes the longest-serving in the......
Europe, on alert before winter - Natural gas storage facilities are emptying
Europe is facing a new energy problem as winter approaches and natural gas reserves remain at particularly low levels. The war in the Middle East and the......
Still far from the eurozone - ECB report: Not much progress is being made on membership
European Union countries outside the euro have made little or no progress on convergence in recent years and even Hungary, the country most actively......
Iceland says “no” to EU - Referendum rejects reopening of negotiations
Icelanders have voted against reopening talks on the country's membership in the European Union, ending, at least for the time being, the government's......
Public Procurement, 122 complaints in July - PPC reviews them on average for 34 days
122 complaints were registered during the month of July with the Public Procurement Commission. Most of them are related to procurement procedures for goods......
Wheat and corn in a dive, only barley growing - Cereals, near 6-year minimum. We lost an average of 12 thousand tons per year
Grain production in the country has continued to decline in 2025. According to data on the production of field crops, 624 thousand tons of grain were......
