TASNIM NEWS reports Iran has raised power-plant diesel stocks to 3.2 billion liters to prepare for winter demand. The CEO of the Iranian National Refining and Distribution Company (NIOPDC) said the reserves are intended to substitute liquid fuel for natural gas during peak winter gas demand and to support national power generation in cold months. He said power plants consumed about 7–8 million liters of diesel per day in 1H, while non-power sectors consume roughly 80 million liters per day.

The Bank of Korea warned the semiconductor boom could rekindle inflation if corporate and household income gains translate into consumption. It said rising semiconductor export prices have boosted purchasing power and that, if consumption accelerates, demand may exceed current supply capacity — a demand-side price pressure the central bank cited as one reason for its recent string of atypical consecutive rate hikes.

China International Capital Co said in a note that on Aug. 28 Beijing time Fed Chair Kevin Warsh used his Jackson Hole keynote to shift hawkish, reiterating a 2% PCE inflation target and the Fed’s duty to maintain price stability. Market reaction: 2-year U.S. Treasury yields jumped over 10bp, the dollar rallied, gold fell about 3%, and CME futures lifted the odds of a September rate hike from 35% to 58%. The move was not panic-driven: U.S. equity volatility was limited, 10-year UST rose roughly 4bp while 30-year UST declined, indicating markets are pricing a near-term hawkish impulse in exchange for longer-run stability.