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Global Bond Yields Hit 30-Year Highs on August 19 as Oil Soars Past $91
Global bond yields surge to 30-year highs as Middle East tensions spike oil to $91/barrel and stall U.S.-Iran peace talks. Japan’s 10-year yield hits highest level since 1996.
Royal Navy Port Security Exposed: Ex-Defence Minister Flies Over Carriers Unchallenged
Ex-defence minister Tobias Ellwood flew over UK aircraft carriers in Portsmouth unchallenged, exposing gaps in Royal Navy port security and air defence capabilities amid growing drone threats.
CBA Overhauls Loyalty Program: 9 Million Customers Shift to Yello Points on October 1
Commonwealth Bank launches Yello rewards program on October 1, affecting 9 million customers. New scheme favors Virgin Velocity over Qantas points and rewards bundled banking products.
Qantas A380 Flew to Dallas With 33cm Maintenance Light in Wing, August 18
Qantas A380 flew Sydney to Dallas and back with a 13-inch maintenance light left in the wing. ATSB investigation found breakdowns in tool-control procedures. Qantas strengthens safety checks.
Cathay Pacific Crew’s Radio Error Led to NATO Jet Interception Over Romania
Investigation reveals Cathay Pacific pilots selected wrong radio frequency on July 4 flight, triggering NATO interception. Crew mistakenly responded to instructions meant for another aircraft.
Canada’s Fuel Excise Tax Set to Return Sept. 7; Poilievre Pushes Extension to 2027
Poilievre urges Carney to extend Canada’s fuel excise tax pause until Canada Day 2027. The 10-cent-per-litre break expires Sept. 7. Gas prices up 25.7% year-over-year.
Jeanie Buss Contests Family Vote to Sell 17.8% Lakers Stake on August 18
Lakers governor Jeanie Buss contests her siblings’ vote to sell the family’s 17.8% ownership stake to Bob Iger and Josh Kushner, citing a 2017 court ruling that requires co-trustee approval.
Trump Threatens Oman, Iran War Deal Expires August 19
Trump’s 60-day Iran deal expires without progress. He threatens to bomb Oman and claims the Strait of Hormuz as U.S. territory as oil prices surge and shipping halts.
Oil Prices Today: Brent Jumps to $91.30, WTI Hits $85.31 as U.S.-Iran Peace Hopes Fade and Hormuz Risks Rise
Oil prices moved higher on August 18, 2026, with Brent crude trading above $91 a barrel and WTI near $85 as hopes for a U.S.-Iran peace deal weakened. The Strait of Hormuz remains a major concern for traders, as limited tanker traffic could tighten global energy supplies. Iran has taken a harder stance, while the…