President Donald Trump told reporters again last week that he was hopeful that the Iran War was nearing its completion and said Tehran wants the war over.
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IRAN WAR’S FUEL PRICE SPIKE HAS COST AMERICANS $107 BILLION
Since the Iran War began, Americans have paid about $107 billion more for gasoline and diesel fuel than they would have if fuel prices had remained about where they were before Israel and the U.S. attacked Iran on 28 February, according to an analysis by Brown University’s Climate Solutions Lab.
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IEA CUTS ITS OUTLOOK FOR GLOBAL OIL SUPPLY AND DEMAND
On 18 September, the International Energy Agency (IEA) sharply reduced its forecast for the world’s oil supply and demand this year, citing the lack of progress in settling the U.S.’s war on Iran and renewed strikes along the Persian Gulf.
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TRUMP TELLS RALLY THAT HIGH GAS PRICES ARE A SMALL PRICE TO PAY FOR WHAT THE U.S. HAS ACCOMPLISHED IN IRAN
President Donald Trump told a rally in North Carolina last week that higher gas prices are a small price to pay for what his administration has managed to achieve in its war of aggression against Iran, to persuade voters to cast a ballot for Republicans in the midterms.
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LVMH SHARE PRICE CRASHES AS GLOBAL CHAOS CRIMPS LUXURY SALES
The share price of LVMH, which owns 75 luxury brands ranging from Givenchy and Louis Vuitton to Moët & Chandon and Tiffany, has fallen by more than half since its 2023 peak.
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AI BORROWERS DESCEND ON SWITZERLAND’S BOND MARKET
The AI industry’s borrowing spree has spread to the traditionally conservative Swiss bond market, where AI-related businesses are issuing billions of francs worth of debt to continue data centers’ global buildout.
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ARGENTINA’S ECONOMY STUMBLES UNDER MILEI’S REFORMS
When Javier Milei was sworn in as Argentina’s president in December 2023, he immediately launched his draconian plan to scrap the government’s traditional protectionist policies and open the country’s markets to the world.
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IRAN USES CRYPTO TO PROP UP ITS WAR-RAVAGED ECONOMY
Due to international sanctions and Iran’s draconian currency controls, Iranian businesses dealing abroad have not been able to bring an estimated $100 billion back home, at least not legally.
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FRANCE CUTS GROWTH FORECAST, FAILS TO REDUCE DEFICIT
The French government has halved its growth forecast for this year from 1 percent to 0.5 percent, finance minister Roland Lescure announced to reporters on 11 September.
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WORLD FOOD PRICES RISE, REFLECTING WORRIES ABOUT SUPPLY
Around the world, food prices rose again last month as bad weather and supply disruptions in the Middle East and Black Sea regions curtailed deliveries, the U.N.’s Food and Agriculture Organization (FAO) reported.