⚠️🇩🇪 German auto components manufacturer Prinz & Co. Stahlrohre has announced its bankruptcy after 130 years of operation, as reported by Bild.
🛢 Former President Donald Trump indicated the potential for the U.S. to exit Iran unless a decision is made to remain and potentially take control of oil resources, similar to actions taken in Venezuela.
⚠️🧠 Slowing AI development will lead the U.S. to lag behind China, according to House Speaker Johnson, in response to Anthropic's call to decelerate AI growth.
🚨🌍 At a BRICS+ meeting, Xi Jinping urged countries in the Global South to reform and enhance the international financial architecture.
🔍🇺🇸 Goldman and Citi anticipate a rate hike by the Federal Reserve at the meeting on September 16. Players estimate the probability of the Fed rate hike in the upcoming week has exceeded 86%—according to CME FedWatch data. Ahead of the FOMC meeting, Trump reiterated that the U.S. should have the lowest interest rates in the world.
⚠️🛢️ Regional talks initially set for September 14 in Oman, involving Iran, Iraq, and other neighboring nations to discuss safe commercial shipping routes in the Strait of Hormuz, have been postponed in the "interest of reaching a consensus."
⚠️ In a meeting with Republican leadership in Dublin, Donald Trump discussed the unification of Ireland. He also announced plans to lift U.S. tariffs on Irish whiskey. Previously, Trump backed Argentina's claim over the Falkland Islands, which Britain considers its own. Experts view these actions as a significant U.S. move against Britain. The Telegraph reports that leaders from Scotland, Wales, and Northern Ireland will discuss exiting the UK on September 14.
🚫🛢 Saudi Arabia's oil reserves for sale are rapidly depleting due to a blockade by Yemeni Houthis in the Red Sea, the closure of the Strait of Hormuz, damage to refineries and the key East-West pipeline, as well as ongoing attacks on Saudi Aramco's infrastructure, analysts report.
🇷🇺🇪🇹 Russia has initiated a "constructive dialogue" with Ethiopia regarding the supply of fertilizers, according to Agriculture Minister Oksana Lut, reports VESTI.
Russia experienced deflation in August, with prices decreasing by 0.08%, according to Rosstat. This figure was slightly below economists' forecast of a 0.09% decline and represents the first monthly deflation since August 2025. Meanwhile, annual inflation increased to 6.33% in August, up from 5.98% in July. Rosstat also confirmed a 1.3% year-over-year GDP growth for Russia in the second quarter, following a 0.2% contraction in the first quarter.
CNN reported yesterday on the damage sustained by Saudi Arabia's "East-West" oil pipeline.
A Russian representative is scheduled to attend the G20 energy summit in Houston next week, according to the White House and RTRS.