Swiss National Bank executive board member Tschudin said the Swiss franc weakened as foreign interest-rate expectations rose.

Muyuan Foods said on Aug. 20 at its 2026 interim results meeting it plans to reduce its breeding sow herd to below 3.0 million head by end-September, roughly 600,000 head lower than last year’s peak. The company said the reduction responds to national hog capacity controls and aligns with current industry conditions and the government’s long-term pork-sector planning.

A senior Iranian official said Tehran plans an economic offensive including attacks on Gulf oil reroute export facilities to push up US gasoline prices and damage support for Trump’s party before the November midterms. Targets would include the two main alternatives used to bypass the Strait of Hormuz — Saudi Arabia’s Yanbu pipeline and the UAE’s Fujairah oil terminal — which together handle about 5.5 mln bpd. The official said if Iran also cut the US‑supported “shadow fleet” flows currently transiting the Strait, roughly 5.0 mln bpd, it would significantly reduce the alternate transport capacity that sustains Gulf exports under a wider blockade. With Brent near $93/bbl, any credible strike on Yanbu or Fujairah could be seen by traders as a supply shock larger than prior disruptions.