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Gas Hits Record $4.15 on Labor Day as Iran War Strains Oil Supply
U.S. gas prices hit a record $4.15 per gallon for Labor Day 2026, nearly $1 higher than last year. The Iran War and Strait of Hormuz blockade are constraining global oil supply.
US Navy Blockade Cuts Iran Oil Exports 80% as Trump Shifts to Economic Warfare
US Navy blockade reduces Iran’s August oil exports 80% to 260,000 bpd. Trump administration launches Operation Economic Outcast to cut remaining revenue sources as economic warfare replaces military strikes.
Autodesk (ADSK) Stock Falls 4% Despite Q2 Earnings Beat as Fiscal 2027 Guidance Disappoints
Autodesk (ADSK) stock fell about 4% on August 28, 2026, even after the company beat Wall Street estimates in its fiscal second-quarter results. Autodesk posted $2.05 billion in revenue and $3.30 in adjusted EPS, both above expectations. Investors quickly turned their attention to the fiscal 2027 outlook. The strong Q2 numbers were not enough to…
Oil Flows Through Strait of Hormuz Recover to Two-Thirds of Pre-War Levels, Goldman Sachs Says
Goldman Sachs said Thursday that oil flows through the Strait of Hormuz have recovered to roughly two-thirds of pre-war levels. Total Gulf exports of crude and oil products have climbed to 15 million to 16 million barrels per day. Goldman Sachs said the recovery is limiting the Iran war’s overall impact on global crude prices….
SK Gas Tanker Pays Record $5.3 Million for Priority Transit Through Panama Canal
SK Gas paid a record $5.3 million to secure priority passage through the Panama Canal, the waterway’s deputy administrator confirmed Thursday, August 27, 2026. The South Korean company won the auction for its G. Spirit LPG tanker to transit northbound on September 1. This fee breaks the previous record of $4.6 million, set just two…
Darline Graham Wins South Carolina GOP Senate Runoff on Trump Backing, August 26
Darline Graham wins South Carolina GOP Senate runoff with Trump endorsement and $827,000 in super PAC spending. Political newcomer will face Democrat Annie Andrews in November.
Canada hits US with C$27.6B tariff counterpunch on August 26
Canada imposes C$27.6B in retaliatory tariffs on US goods starting September 8, targeting paper, dairy, steel, and appliances in response to Trump’s 50% tariffs. Kimberly-Clark and Cascades face margin pressure.
Peter Woo’s Family Office Seeks $1 Billion Private Equity Exit
Peter Woo’s family office is looking to sell $1 billion of private equity stakes including HSG and Vista Equity Partners, as secondary PE sales surge globally.
Oil Prices Fall Over 2% as Iran Talks Raise Hopes for Strait of Hormuz Reopening
Oil prices fell more than 2% on August 26, 2026, after renewed Iran-Oman talks raised hopes that the Strait of Hormuz could reopen. Brent crude slipped to around $86.30 a barrel, while WTI traded near $80.15, extending the previous session’s losses. Markets are now watching whether diplomatic progress can restore shipping through the waterway. A…