US consumer inflation slows in July as energy prices briefly retreat
Energy prices declined 1.5 percent in July but remain 14.7 percent higher compared with a year ago.
![US President Donald Trump speaks during an event to sign an executive order regarding vaccine flexibility, in the Oval Office at the White House in Washington, DC, US on Aug. 10, 2026. [Kylie Cooper]](/wp-content/uploads/2026/08/image-1786395261.jpg?resize=770%2C513&quality=80)
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US president says he is using economic pressure, not strikes, on Iran
US relying on sanctions and naval blockade as oil prices stabilise, easing economic strain on American consumers.
Oil prices climb as Iranian demands cloud outlook for Strait of Hormuz
Brent crude prices rise as Tehran says critical waterway will not reopen without major US concessions.
From: NewsFeed
Vance says US ‘destroyed’ Iran’s nuclear programme
US Vice President JD Vance claims Washington has “destroyed” Iran’s nuclear programme and degraded its military.
Published On 8 Aug 2026
US Senate passes sweeping Russian energy sanctions bill amid Ukraine war
Legislation implements aggressive economic sanctions, including 100 percent tariff on Russian oil and gas importers.
![A file photo of late Senator Lindsey Graham from November 19, 2025. The US Senate on Friday passed a sweeping sanctions legislation package targeting Russia's energy revenues, championed by Graham. [File: /Julia Demaree Nikhinson/AP Photo]](/wp-content/uploads/2026/08/AP26218679962056-1786142915.jpg?resize=770%2C513&quality=80)
From: NewsFeed
War on Iran: Saudi Arabia, Turkiye and Pakistan sign defence pact
Saudi Arabia, Turkiye and Pakistan have signed a trilateral defence pact in Mecca aimed at deterring aggression.
Published On 7 Aug 2026
EXPLAINER
Trump says war ‘can’t go much longer’ – what’s the latest on talks?
Reports suggest that Tehran is discussing a bill barring US and Israeli vessels from passing the Strait of Hormuz.
From: NewsFeed
War on Iran: US-Iran deal edges closer
A deal between the US and Iran could be signed within 48 hours, according to US officials.
Published On 5 Aug 2026
EXPLAINER
Iran, Oman, US ‘close’ to Hormuz deal: What do they all want?
An agreement could restore shipping through crucial waterway, paving way for peace talks between Tehran and Washington.
EXPLAINER
Why are oil companies posting record profits amid Iran war disruption?
Big Oil companies have bagged astronomical profits as the critical Strait of Hormuz remains closed.
Petrol prices strain US households as oil giants Chevron, Exxon profits soar
Low-income US households are hit hardest, spending more than 10 percent of monthly income on petrol as prices rise.
