Writing in The Washington Post, President Lula criticized recent U.S. tariff pressure on Brazil. He said negotiations and a U.S. Supreme Court ruling annulled the initial tariff measures introduced in July last year, but in July this year the U.S. imposed new tariffs of 12.5%–37.5%. Lula called the new duties unfair and a strategic error, saying they harm the U.S. economy and the bilateral partnership and will, over the medium to long term, disrupt highly integrated supply chains as Brazilian fi

Oil has rebounded toward $100/bbl, reviving inflation and rate-hike concerns for major central banks. The Fed, Bank of England and Bank of Japan may show varying degrees of vigilance while the ECB has signalled readiness to tighten; market pricing now assigns a meaningful chance that several central banks act as early as September. Emkay Global’s Madhavi Arora says Brent’s rally is no longer driven solely by Strait of Hormuz risks and recent Red Sea disruptions: visible traffic through the Strait has fallen to near zero, global inventories have been drawn down to near exhaustion, and fresh supply interruptions are tightening the market. Russian fuel exports remain constrained after months of Ukrainian drone strikes, and Kazakhstan has cut output following a Caspian Pipeline Consortium export-terminal shutdown, adding to supply-side strain.

DRC health ministry said in a report on the 25th the current Ebola outbreak has reached 3,075 confirmed cases with 1,354 deaths. As of the 24th, 755 patients are in isolation or hospital and 556 have recovered. The outbreak has affected five provinces: Ituri, North Kivu, South Kivu, Haut-Uele and Tshopo.