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US President Donald Trump stated that any renewed military strikes on Iran would likely be short-lived, which temporarily stabilized oil prices after recent geopolitical tensions caused spikes.

The article highlights the 'existential risk' to Jebel Ali Port in Dubai due to disruptions in the Strait of Hormuz, which is a critical maritime route for Gulf trade.

India increased imports of Russia's Far East crude blend ESPO by 6% year-over-year in January-July due to disruptions in Middle Eastern oil supply routes and reduced Chinese spot market activity.

The European Commission sent a trade‑enforcement delegation to Beijing, led by Denis Redonnet, to discuss resolving trade imbalances and avoid a potential trade war before an October deadline set by Brussels.

The article reports a deterioration in U.S.-Canada trade relations under President Trump, which analysts suggest may serve as a case study for China and other U.S.

The article examines Iran's economic resilience despite U.S.

President Trump dismissed concerns about the Iran conflict's impact on U.S.

Canadian Prime Minister Mark Carney's Liberal Party won three special elections, strengthening their parliamentary majority amid escalating US-Canada trade tensions.

The article reports that Europe plans to continue isolating Russia and withhold economic relief until the Ukraine war ends, while Washington signals willingness to reopen diplomatic talks.

US Treasury Secretary Scott Bessent is attempting to refocus G20 finance ministers on growth during an upcoming meeting, despite market skepticism about his credibility due to recent interventionist policies.

The article reports that US Treasury official Bessent stated economic relief for Russia would be tied to the end of the Ukraine war, indicating a potential shift in US economic leverage and diplomatic strategy.

The United States and Canada have escalated their trade conflict following the breakdown of recent talks, resulting in new tariffs and counter-tariffs on imports.