President Donald Trump says Venezuela has agreed to give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost

The Trump administration enters an agreement with Venezuela that could give the U.S. access to untapped oil reserves, Ontario responds to Trump's 'Lake America', Bessent hosts the G20.

The US government and an unnamed private operator in Venezuela formed a new company that was given the rights to untapped oil fields for 100 years.

President Trump said the U.S. will begin "topping out" its strategic petroleum reserve with Venezuelan oil under last week's agreement. But that's unlikely to provide much relief to Americans facing sustained high gas prices.

Oil pushed higher after the biggest gain in three weeks on Monday as fresh hostilities between the US and Iran raised concerns about prolonged disruptions to energy flows through the Strait of Hormuz.

From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran warby capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change.

The Trump administration is warning Iran of consequences if its military continues targeting ships in the Strait of Hormuz, as rising tensions push oil and gas prices higher and the White House weighs new steps to protect U.

Oil prices gained on Tuesday as the ​resumption of fighting between the U.S. and Iran in the Middle East renewed fears of ‌supply disruptions from the world's key crude-producing region.

How could Warsh’s policy signals reshape FX markets? Learn how to access executable spot prices, tap deep liquidity and trade larger sizes with the FX trading grid.

Barclays expects the U.S. Federal Reserve to raise interest rates by 25 basis points ​in September and again in December after Chair Kevin Warsh's ‌latest remarks signalled a more hawkish stance, the brokerage said on Friday.

Warsh will probably urge the Fed's policy committee to increase short-term interest rates in September. His remarks at the Jackson Hole symposium describe his thinking in greater clarity.

Kevin Warsh’s Jackson Hole inflation warning boosts Fed rate-hike odds as veteran analyst and trader Stephen Guilfoyle sees a possible September move.

The company has faced tariff and duty changes in the U.S. and Europe, along with intense scrutiny of its business practices that hampered its attempts to list in New York and London.

Shares in fast-fashion online retail giant Shein have begun trading on Hong Kong’s stock exchange after a long delay

Shares in online fast-fashion retailer Shein ended flat in their Hong Kong debut on Tuesday, failing to gain a typical first-day pop amid worries about setbacks that have undermined its competitive advantage.

Shares in the company, which was founded in Nanjing, China, in 2008 but is now headquartered in Singapore, tumbled by as much as 10%. Shein pared some losses, ending the day with a decline of about 4% at HK$46.

At gathering of G20 finance ministers, the Treasury secretary accused Canada’s prime minister of starting a “political shouting match” over U.S. trade policies.

There’s a smart use of tariffs. This ain’t it. This is a vanity war,” the Democratic Senate candidate in Michigan said.

Canadian Prime Minister Mark Carney vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal. Carney’s tit-for-tat measures,

As the U.S. and Iran traded more military strikes over the weekend, President Trump is also dealing with an escalating trade war with Canada.

Russian President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting on the sidelines of the Shanghai Cooperation Organisation summit in Bishkek, Kyrgyzstan, August 31, 2026.

Vladimir Putin said digital innovations, particularly AI, were creating new opportunities for Russia's economic development.

The two leaders' meeting took place in a "friendly and constructive atmosphere" and focused on bilateral Russian-Chinese ties, Kremlin spokesperson Dmitry Peskov said.

Vladimir Putin and Xi Jinping are set to meet in Bishkek on August 31 as Russia faces fresh economic pressure from the Ukraine war. Their partnership remains strategically important, but the balance has tilted further toward Beijing.