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President Pezeshkian said under the Islamabad memorandum the other side had pledged to lift the blockade and remove sanctions on banking, oil and petrochemicals and to return frozen funds. He said Iran exported about 90 mln barrels of oil during the

2026-08-29

President Pezeshkian said under the Islamabad memorandum the other side had pledged to lift the blockade and remove sanctions on banking, oil and petrochemicals and to return frozen funds. He said Iran exported about 90 mln barrels of oil during the memorandum period but cannot do that now. Pezeshkian said Iran would reciprocate if the other party fulfills its commitments and that dialogue continues. He added the other side had planned roughly $300 bln in investment and Iran held talks with Qatar and the UAE to facilitate it, but said ongoing war would prevent those investments.

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2026-08-29

S&P expects disruptions in the Strait of Hormuz to push energy prices higher and to exert a modest drag on Portugal's 2026 economy.

S&P expects disruptions in the Strait of Hormuz to push energy prices higher and to exert a modest drag on Portugal's 2026 economy.
2026-08-28

Federal Reserve Chair Kevin Warsh said that although this summer's PCE and CPI prints beat expectations, they have not convinced him that underlying inflation trends have materially improved. "Market pricing reflects a belief that we will achieve pri

Federal Reserve Chair Kevin Warsh said that although this summer's PCE and CPI prints beat expectations, they have not convinced him that underlying inflation trends have materially improved. "Market pricing reflects a belief that we will achieve price stability. I can assure you the market's judgment is correct," he said. Warsh added that with inflation above 2% the Fed's "primary focus should be prices." His more detailed remarks appeared aimed at critics who say his streamlined communication has left near-term economic and policy intentions unclear; he reiterated that price stability will not occur automatically and that achieving it is the Fed's responsibility.
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