U.S. Inflation Rises 2.9% in August: Food and Gas Prices Lead the Surge

The August inflation data overlaps with President Trump’s latest round of tariffs on major U.S. trading partners. But while the direct impact is up for debate, beef’s surge suggests tariffs may already be filtering into consumer prices.

Russia’s Crude Oil Exports Stay High — But Flows Shift Sharply Toward Asia

Despite sanctions, Russia’s crude oil exports remain steady. Trade flows have pivoted from Europe to Asia, with China and India now the top buyers. India’s growing imports—and its refusal to join Western sanctions—have triggered steep new U.S. tariffs.