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The World in Brief from The Economist
Iran threatens to keep Hormuz shut; a win for moderate Democrats in Wisconsin, and more
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The new head of Iran’s Supreme National Security Council said the Strait of Hormuz would not reopen until America “changes its behaviour.” Also, Francesca Hong, a progressive, narrowly lost to David Crowley, a moderate, in the Democratic primary for governor of Wisconsin.
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America due to unveil sanctions on Iran’s trade partners; Mark Carney vows retaliation, and more
09:24|Pakistan’s army chief, Asim Munir, will visit Tehran on Monday as his country continues to try to mediate an end to the war in Iran; Mark Carney, Canada’s prime minister, said his country would retaliate “dollar for dollar” against America’s new 50% tariffs, with its own levies taking effect on September 8th.America’s tariff on Canadian goods; TikTok and ByteDance settle lawsuit, and more
13:57|Mark Carney, Canada’s prime minister, said his country would retaliate “dollar for dollar” against America’s new 50% tariffs, with its own levies taking effect on September 8th; Vladimir Putin threatened to hit Ukraine’s “most sensitive economic sectors” after it attacked a warehouse run by Ozon, Russia’s second-largest online marketplace, and reportedly targeted a nearby oil refinery20260823. Putin threatens Ukraine; America’s tariff on Canadian goods, and more
02:28||Ep. 20260823Iran accused America of violating other countries’ sovereignty with new sanctions due to be announced on MondayAmerica’s tariff on Canadian goods; Putin threatens Ukraine, and more
08:50|Iran accused America of violating other countries’ sovereignty with new sanctions due to be announced on MondayAmerica’s tariff on Canadian goods; Iran’s “position of power”, and more
14:12|America imposed a 50% tariff on some Canadian goods entering the country after the two countries failed to reach a deal; Masoud Pezeshkian, Iran’s president, said that now would be a good time to end the war with America, while his country was in a “position of power and dignity”20260822. Treasury yields rise; Iran fumes at American sanctions, and more
03:54||Ep. 20260822America’s Supreme Court allowed the construction of Mr Trump’s $400m White House ballroom project to continue, for nowIran fumes at American sanctions; Treasury yields rise, and more
13:52|Iran threatened “devastating responses” to any miscalculation by its “enemies”, after Donald Trump promised the strongest-ever sanctions against the Islamic Republic; Yields on American 30-year Treasuries rose, despite an attempt this week by Scott Bessent, the treasury secretary, to hold them down by buying the bonds.China pushes back at America on Iran: Treasury yields climb, and more
12:03|China warned that America’s threat of “economic warfare” against Iran and its trading partners would not work. Also, yields on 30-year Treasuries rose, reversing some of the decline that followed the US treasury secretary’s long-term debt buyback on Wednesday.20260821. Treasury yields climb; America announces more sanctions on Cuba, and more
04:10||Ep. 20260821Yields on American 30-year Treasuries climbed on Thursday.