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A political affairs official from the Iranian Revolutionary Guard Navy stated: "We have complete control over the Strait of Hormuz in order to defend the interests of our people."

2026-10-09

A political affairs official from the Iranian Revolutionary Guard Navy stated: "We have complete control over the Strait of Hormuz in order to defend the interests of our people."

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2026-10-08

Bank of England Governor Bailey warned rising borrowing costs and weak growth are eroding governments' fiscal capacity and could leave them unable to mount an effective response to a future recession. He said higher borrowing costs and sluggish growt

Bank of England Governor Bailey warned rising borrowing costs and weak growth are eroding governments' fiscal capacity and could leave them unable to mount an effective response to a future recession. He said higher borrowing costs and sluggish growth push up government debt-to-GDP while calls for greater fiscal spending are increasing; if markets doubt fiscal trajectories, bond yields would rise further, creating a negative feedback loop. Bailey added that although governments have historically countered severe downturns by borrowing and then rebuilding fiscal space as growth recovered, repeated shocks, weaker potential growth and rising debt levels are making that increasingly difficult approach.
2026-10-09

The Central Bank of Russia reported that net foreign exchange sales by non-financial companies rose 26.1% month-on-month to $23.7 billion in September, mainly due to rising oil prices.

The Central Bank of Russia reported that net foreign exchange sales by non-financial companies rose 26.1% month-on-month to $23.7 billion in September, mainly due to rising oil prices.
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