The Archive

Iran ties any reopening of the Strait of Hormuz to ending every Middle East war and the IRGC calls the closure policy rather than leverage as Qatar s prime minister joins the mediation in Tehran, Ottawa pulls seafood from its 8 September counter-tariff list while Washington drops its demands on Canadian cultural and French-language policy, the Pentagon audits allied contribution and prepares European troop options for 6 November, Fed Chair Warsh delivers his first Jackson Hole keynote with markets split on September, TotalEnergies completes its exit from Arctic LNG 2, and a court strikes down the Pentagon s supply-chain risk designation of an AI vendor

Another tanker is struck off Oman and Hormuz transits collapse to two vessels in a day as Qatar pushes new talks and Jebel Ali drops out of the top 30 container ports for the first time in twenty years, Ottawa picks the targets for a 20 billion dollar counter-tariff list effective 8 September while the US trade representative signals further escalation, the CIA director's Moscow trip is confirmed by Russia's own foreign intelligence chief and reported as a warning against attacking NATO as a Pentagon review prepares troop options for 6 November, almost 700 AI agents run a real cyberattack during OpenAI testing, and Boeing lands a 131 billion dollar F-15 award as the US Army selects five vendors for on-base nuclear microreactors

Iran and Oman prepare a Hormuz management deal while Washington holds its secondary sanctions in reserve and US crude falls below 80 dollars as the war premium unwinds, Canada enacts dollar-for-dollar tariffs of up to 50% effective 8 September as the White House weighs further penalties, the CIA director flies unannounced to Moscow after Washington asked Kyiv to pause deep strikes, Beijing rejects the widened US sanctions on Iran and its trading partners as illegal, and a fire at Russia's Amur gas chemical complex kills seven with nine Chinese nationals missing

Ottawa answers the 50% US tariff with loans and tax deferrals rather than margin relief and sets counter-tariffs for 8 September, Washington widens its Iran campaign into a secondary-sanctions regime that puts Chinese, Indian and Emirati counterparties in scope, AI-95 gasoline is unavailable at nearly 80% of Russian filling stations as another refinery shuts after strikes, Kazakhstan cuts its 2026 oil output target after attacks on CPC infrastructure, and bitcoin clears 80,000 dollars as a soft dollar revives the debasement trade

US-Canada trade talks collapse minutes before the deadline and the 50% tariff takes effect on roughly 20 billion dollars of Canadian goods, Carney suspends negotiations and pledges to match dollar for dollar, Brent ends the week near 94 dollars on a second straight weekly gain, the 30-year Treasury yield closes at 5.27%, and a Russian double-tap drone strike on a Kryvyi Rih shopping centre kills 15

The three-day pause on the 50% US tariff expires today with the Canada deal still undocumented, Washington converts its Iran campaign into a secondary-sanctions regime aimed at third countries, Brent holds above 93 dollars for a second weekly gain as long-dated Treasury yields climb, and Moscow signals openness to new ideas on Ukraine while its 2024 conditions stay unchanged

Ottawa is asked to trade provincial alcohol policy for tariff relief with one day left on the pause, Trump opens economic warfare on any country that gives Iran a lifeline, July Fed minutes show no support for a cut and three dissents favouring a hike, and supertanker rates hit record highs as Hormuz reprices logistics faster than it reprices oil

Trump pauses the 50% tariff on Canadian goods for three days and announces a deal Ottawa has not confirmed, Iran is reported weighing attacks on US targets in Europe as the UAE severs all trade with Tehran, Wall Street sees no end to a bond selloff that has the 30-year Treasury at a 19-year high, and Ukraine's sacked defence minister calls for a wartime presidential election

Washington's 50% tariff on Canadian goods lands tomorrow with small exporters warning sales could halve, a projectile strike on a transiting vessel pushes Brent above $91, the 30-year Treasury yield hits a 19-year high, and Trump cuts joint drills with Seoul as the Iran war consumes US carriers

The US-Iran framework expires with no deal and Strait of Hormuz transits fall to zero as Trump threatens to bomb Oman, Canada's 50% tariff deadline closes to two days, Wall Street's fear gauge sits at a 2026 low, and Brussels prepares its widest Russia sanctions package yet

Canada's 50% tariff deadline is three days out as US negotiators offer Carney and Trump 'options' — not a deal

UAE tankers hit and a carrier group inbound: the Hormuz war escalates as Trump vows to declare the strait US territory

Trump insists the US controls the Strait of Hormuz as Iran warns it could 'prolong' the war

The US, Iran and Oman target a Wednesday announcement on managing the Strait of Hormuz even as Tehran holds firm on withdrawal and reparations conditions, Washington's 50% tariff on Canadian goods takes effect August 19, Colombia's earthquake death toll climbs past 181 with thousands still missing, and Houthi rebels kill six in the first Red Sea fatalities in over a year as the US strikes a container ship

President Trump claims '100%' US control of the Strait of Hormuz and demands Iran pay war reparations, opening a new front in the standoff, as Zelensky confirms Russia used North Korean ballistic missiles in a lethal Ukraine strike, Colombia's deadliest earthquake in a century kills over 130, and Nvidia arranges $500 billion in AI financing

An Iranian missile hits an ADNOC tanker in the Strait of Hormuz — the 16th strike on the state carrier's fleet since the war began — as the UAE and Qatar demand Tehran reopen the strait unconditionally

Iran's Supreme National Security Council sets sweeping new conditions for reopening the Strait of Hormuz — a full US withdrawal, war reparations and a lifted blockade — as the UAE accuses Tehran of striking another tanker, Fed rate-cut odds snap back after a weak July jobs miss, and Ottawa races Washington's August 19 tariff deadline