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Real-time News
U.S. Central Command: 82 vessels were redirected in the Strait of Hormuz, 3 were interfered with, and 2 were boarded to ensure compliance.On August 29th, US President Trump announced on social media that the United States had reached an agreement with Venezuela, gaining "majority control" over more than 65 billion barrels of Venezuelas proven oil reserves. Trump stated that the US and Venezuela collaborated, through partnerships with private companies, to acquire "majority control" of over 65 billion barrels of Venezuelas proven oil reserves, with US taxpayers bearing no cost. Trump claimed that this deal "will more than double the US oil reserves, significantly increase oil supply, and significantly reduce US gasoline prices for a long time to come." However, Trump did not disclose the specific details of the agreement, and the White House has not yet released an official statement.On August 29th, NBC News, citing two sources familiar with the matter, reported that US Defense Secretary Peter Hegseth has been discussing the possibility of running for president in 2028 with close associates in recent months. Hegseth and his wife believe he shares some similarities with Trump, including a tough, confrontational style and conservative stances on social issues, which could garner support from the MAGA base. This month, Hegseth also traveled to Iowa to campaign for Republican lawmakers. Iowa has long been a key outpost in US presidential elections, further fueling speculation that he is preparing to run. If he does run, Hegseth could compete with Vice President JD Vance, Secretary of State Rubio, and others. However, a Pentagon spokesperson denied the claims, stating that "Secretary Hegseth will not run for president," and that his primary focus remains leading the Department of Defense. The report points out that the ongoing war with Iran could be a major political burden for Hegseth, with 18 US military personnel already killed and the average US gasoline price rising from less than $3 per gallon to slightly over $4.On August 29th, Allianz Chief Economic Advisor Mohamed El-Erian stated that todays changes in the US Treasury yield curve released two signals. The spread between the 2-year and 10-year yields narrowed by approximately 7 basis points, and the spread between the 2-year and 30-year yields narrowed by approximately 10 basis points, showing a flattening trend. El-Erian believes this reflects a dual interpretation in the fixed-income market: in the short term, it represents a hawkish repricing following Federal Reserve Chairman Warshs firm commitment to the inflation target; in the long term, it reflects recognition of the Federal Reserves long-term credibility.According to NBC News, U.S. Defense Secretary Hergsays is considering running for president in 2028.
