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Iraqi media report an explosion at an ammunition depot at the Al-Taji military base north of Baghdad. The Iraq Security Media Cell said the blast was caused by elevated internal temperatures. The base is long used by US-led coalition forces. Official

2026-08-02

Iraqi media report an explosion at an ammunition depot at the Al-Taji military base north of Baghdad. The Iraq Security Media Cell said the blast was caused by elevated internal temperatures. The base is long used by US-led coalition forces. Officials said there is no indication the incident was an attack; no further information on casualties has been released.

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2026-08-02

CITIC Securities says having missed this round’s rate-hike window, US equity valuations face near-term pressure regardless of whether the Fed hikes in September; medium-to-long term, realized rate hikes could relieve valuation suppression. The Produc

CITIC Securities says having missed this round’s rate-hike window, US equity valuations face near-term pressure regardless of whether the Fed hikes in September; medium-to-long term, realized rate hikes could relieve valuation suppression. The Productivity and Employment Task Force’s positive tilt toward AI supports a durable US AI narrative. At the July 29 FOMC the Fed held for a fifth meeting; three voters supported a 25bp increase, signaling publicized internal divisions and a market split of short-end dovishness versus long-end hawkishness. Rising inflation expectations are capping the dollar and may open a window for Japan MOF FX intervention. Strong growth in CSP cloud businesses partially eases concerns about the sustainability of AI’s large capex. Rate-sensitive sectors, high-valuation/low-growth segments and small caps are under pressure; the next potential liquidity pivot is Jackson Hole at end-August or the September policy meeting.
2026-08-02

Iran's foreign ministry said on Aug. 1 it is determined to continue a path of resistance and steadfastness until the "enemy's" malice is eradicated. It accused the United States of breaching provisions of the June 18 US‑Iran memorandum by enforcing a

Iran's foreign ministry said on Aug. 1 it is determined to continue a path of resistance and steadfastness until the "enemy's" malice is eradicated. It accused the United States of breaching provisions of the June 18 US‑Iran memorandum by enforcing a maritime blockade of Iranian ports and merchants shipping, launching attacks across Iran, and stepping up economic pressure and illegal threats. The statement said defensive strikes by Iran's armed forces remain ongoing at full strength. It added that the US and some regional allies used the July 8 three‑vessel "accidents" as a pretext to attack Iran and to violate Iranian sovereignty in the Strait of Hormuz.
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