Gulf Exports Roar Back To Pre-War Levels, Goldman Says; Blas Sees "Trump Has Advantage" On Hormuz

Britain's Borrowing Outlook Darkens As Energy Shock Deepens Via City AM, The OBR says it underestimated the fiscal damage from the 2022 energy shock and will apply those lessons to the latest Middle East-driven price surge. Higher oil and gas prices could increase UK borrowing through debt interest, welfare payments, and pressure on departmental budgets. The Bank of England has warned that a severe energy shock could push inflation above 6% and force tighter monetary policy. Chancellor Rachel Reeves has been warned that government borrowing is set to spike as a result of the Iran...

Kremlin Skeptical That US-Iran Peace Can Be Achieved: 'Rash' If there's a 'good cop, bad cop' routine happening at the Kremlin, mostly assuredly the role of bad cop always falls to Russia's former president, Dmitry Medvedev. In his maximalist and hyperbolic threats, he can be seen as the "John Bolton of the Kremlin".  With Trump's decision to wage war on Iran, Medvedev's negativity and skepticism has proven right more often than wrong. He is the latest Kremlin top official to weigh in on the bad position Washington once again finds itself embroiled...

Army's Project Janus Selects Five Reactor Companies For Rapid Development The US Army's Project Janus, which we detailed at length back in November, has selected its initial batch of reactor developers to bring advanced nuclear energy to Army installations to ensure resilient and ready power.  BREAKING: The first fully operational commercial nuclear microreactor will be deployed at a U.S. Army installation in 2028. To achieve this, the Army has awarded a combined $2.2 Billion to five competing commercial companies. — Jeff Waksman (@Waksman84) August 26, 2026 The program is looking to move reactor developers...