🇮🇷 Iran says the Strait of Hormuz will remain closed until the U.S. lifts its naval blockade and the war permanently ends, including fighting in Lebanon.

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🚨🚨 An oil tanker has been struck in the Strait of Hormuz.

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🇨🇳 China successfully tested a drug in mice that can extend human life to 150 years: Report

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🇺🇸 New York City is the wealthiest city in the world, with an estimated 1 out of every 22 residents being a millionaire.

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🇮🇳 Indian Investors pumped $457 million into foreign markets in June, their largest monthly overseas investment in history.

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🇺🇸 Meta is set to pay $18 billion to settle lawsuits over social media addiction among children in the United States.

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🚨🚨 JPMorgan warns global food prices could nearly double by 2027 due to fertilizer shortages and a possible El Niño.

The bank sees food inflation rising from 2.8% now to 5% by early 2027.

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🇰🇷 Bank of Korea raises interest rates by 25 BPS to 3.00%, marking its second consecutive rate hike.

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🇨🇳 Chinese yuan hits its highest level against the U.S. dollar since January 2023.

The yuan has now strengthened more than 9% against the dollar in the last 4 months.

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🇯🇵 Bank of Japan is moving closer to another rate hike, with markets now pricing an 82% chance of a September move.

BOJ Deputy Governor Ryozo Himino says the bank needs to pay more attention to the risk of inflation moving above its 2% target.

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🇯🇵 Japanese investors sold ¥1.97 Trillion of foreign bonds last week, the largest weekly sale in 5 months.

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🇺🇸 US wages and salaries fall to just 43% of national income, the lowest since the Great Depression.

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🇺🇸 Venezuela discusses leaving OPEC as U.S. negotiates stake in oil fields, aiming to diminish OPEC influence.

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🇺🇸 Federal judge rules the Trump administration's blacklisting of Anthropic was illegal, finding it violated the company's First Amendment rights.

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🇯🇵 Japan's 2-Year Yield jumps to highest level in more than 31 years.

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🇺🇸 President Trump says the US has made a deal to secure majority control of more than 65 billion barrels of Venezuelan crude oil "at no cost" to the American taxpayer.

Trump says this more than doubles US oil reserves and is "the biggest oil deal in world history."

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🇯🇵🇺🇸 USDJPY reclaims the 160, its highest level since July 31

Kevin Warsh's hawkish Jackson Hole speech is pushing US interest rate expectations higher, which pulls money into the dollar.

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🚨🚨 Wheat prices have exploded 35% in just the last 2 months as US wheat production hits its lowest level since 1971.

US wheat stockpiles are set to drop 22% this year, down to 722 million bushels.

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🇬🇧 British pound has lost 90% of its purchasing power since 1976.

£100 in 1976 would need to be £1,000 today to buy the same goods and services.

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🇺🇸 US Treasury will buy back $12,500,000,000 of its own debt next week.

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