Iran foreign minister Araghchi wrote to the UN secretary-general, Security Council and member states saying the US Aug. 24 announcement of an "economic isolation" action — using secondary sanctions and restrictions on access to the US financial system — is intended to coerce other countries to end legitimate economic ties with Iran and represents extraterritorial application of US law. He warned the measures will affect basic needs including food, medicine, medical devices and energy, cited the

加拿大總理卡尼計劃於九月中旬在歐盟議會發表講話。

Global central bankers meet in Jackson Hole this week to reassess inflation and the risk that renewed supply shocks could push borrowing costs higher. Thin Ice Macro economist Spiros said policymakers will likely err on the side of caution, treating inflation as the most feared risk because supply shocks can occur unexpectedly. SOCGEN US head of research Subhadra Rajappa said countries’ exposure to energy-price swings differs with import dependence, leaving Europe and Japan more sensitive to Middle East developments and oil. Goldman Sachs’ chief Europe economist said policy rates in the US and UK remain restrictive, giving the Fed and Bank of England more time to observe how energy-driven shocks evolve. Former Philadelphia Fed president Patrick Harker said the Iran war has shifted policymakers’ framing and choices, and that the global economy is now facing multiple simultaneous supply shocks.