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US Threatens Iran’s Trading Partners With Sanctions as Treasury Tightens Economic Grip
Trump administration threatens secondary sanctions on Iran’s trading partners including China, Turkey, and UAE. Treasury Secretary Bessent warns countries to cut ties with Tehran or face US penalties.
Darline Graham Wins South Carolina GOP Senate Runoff on Trump Backing, August 26
Darline Graham wins South Carolina GOP Senate runoff with Trump endorsement and $827,000 in super PAC spending. Political newcomer will face Democrat Annie Andrews in November.
Canada hits US with C$27.6B tariff counterpunch on August 26
Canada imposes C$27.6B in retaliatory tariffs on US goods starting September 8, targeting paper, dairy, steel, and appliances in response to Trump’s 50% tariffs. Kimberly-Clark and Cascades face margin pressure.
Peter Woo’s Family Office Seeks $1 Billion Private Equity Exit
Peter Woo’s family office is looking to sell $1 billion of private equity stakes including HSG and Vista Equity Partners, as secondary PE sales surge globally.
Moonshot AI Negotiates Revenue-Sharing Deals With Microsoft, Amazon and Google
Moonshot AI is negotiating revenue-sharing agreements with Microsoft, Amazon, and Google, Reuters reported on August 26, 2026. The Beijing-based startup wants these three cloud giants to host its Kimi K3 model. Moonshot is seeking up to 30% of revenue generated from K3-related services. A completed deal would mark the first major revenue-sharing pact between a…
Oil Prices Fall Over 2% as Iran Talks Raise Hopes for Strait of Hormuz Reopening
Oil prices fell more than 2% on August 26, 2026, after renewed Iran-Oman talks raised hopes that the Strait of Hormuz could reopen. Brent crude slipped to around $86.30 a barrel, while WTI traded near $80.15, extending the previous session’s losses. Markets are now watching whether diplomatic progress can restore shipping through the waterway. A…
FTSE 100 Holds Near Multi-Week Highs Despite 1.5% Drop in Shell and BP
The FTSE 100 held broadly flat near 10,880 on Wednesday, August 26, 2026. Shell and BP both fell more than 1.5% as crude oil prices dropped sharply. The index stayed close to multi-week highs, building on Tuesday’s 0.3% gain. Oil Majors Drag While Miners Support the Index Brent crude fell around 2% to roughly $86…
Jack Ma Buys Alibaba Shares, But Investor Concerns Over $10 Billion Sale Remain
Jack Ma has purchased more than HK$600 million ($76.5 million) of Alibaba shares since August 23, 2026. The buying followed Alibaba’s record HK$80 billion ($10.2 billion) share placement announced August 23. Chairman Joe Tsai and CEO Eddie Wu together bought at least $25 million more in stock. Despite this insider buying, Alibaba shares remain nearly…
IN Market Today: Sensex Opens Strong, Up 246 Points as Crude Drops Below $90
On August 26, 2026, the Sensex opened on a stronger note, gaining around 246 points as falling crude oil prices lifted investor sentiment. Brent crude slipped below the $90-a-barrel level amid hopes of easing tensions around the Strait of Hormuz. The move matters for India, where lower energy costs can reduce import pressure and support…