Real-time News

The U.S. Treasury Department reports that the U.S. deficit for fiscal year 2026 to date is $1.966 trillion, compared to a deficit of $1.973 trillion in the same period of fiscal year 2025.

U.S. Treasury Department: U.S. net customs revenue in August was $12.836 billion, gross revenue was $23.377 billion, and refunds were $10.541 billion.

European Central Bank Chief Economist Lane: Wages will not be significantly affected by energy shocks this year.

Intercontinental Exchange: As of the week ending September 8, fuel oil speculators increased their net long positions by 3,465 contracts to 93,533 contracts.

According to Canada's Globe and Mail, Canadian artificial intelligence company Cohere is in advanced talks to raise up to $3 billion. The deal would value Cohere at $20 billion.

ECB Chief Economist Lane: If rising energy prices continue, it could affect consumption in the fall, but this remains an uncertain issue.

The Federal Reserve accepted a total of $5.255 billion from three counterparties in its fixed-rate reverse repurchase operations.

Baker Hughes: U.S. energy companies add drilling rigs for the first time in four weeks.

The total number of natural gas drilling rigs in the United States for the week ending September 11 was 132, compared with 130 in the previous week.

Peruvian Minister: Peru and India have entered the final stage of free trade negotiations and an agreement is expected to be reached in 2027.

September 12 (Reuters) - The White House is exploring the use of the Defense Production Act to expand U.S. refining capacity as the U.S.-Iran conflict exposes the vulnerability of the U.S. to global oil supply disruptions and soaring prices. The proposal was recently discussed in a meeting between Trump and nearly 12 U.S. refiners, but no final decision has been made. Refining executives told the government that federal funds are better suited for improving the efficiency of existing refineries or expanding existing facilities, rather than building new, more expensive, and time-consuming refineries. Latest data shows that U.S. refinery utilization is at 98%, nearing full capacity. The national average price of diesel has surpassed $6 per gallon for the first time, and gasoline prices remain high. The White House stated that expanding refining capacity is a priority for Trump and his energy team, and they are currently evaluating specific options such as regulatory reform, expedited approvals, and increased investment.

Russian President Vladimir Putin met with Egyptian President Abdel Fattah al-Sisi.

According to Saudi media Alhadath: Sources say that Houthi forces in Yemen were subjected to heavy artillery fire in the Zubab region.

On September 12th, CNN, citing two US officials, reported that Saudi Arabia's crucial East-West oil pipeline system was attacked by projectiles on Thursday. Preliminary analysis indicates that pumping stations adjacent to the pipeline were hit; satellite images show one pumping station severely damaged by a fire, while another experienced a smaller fire and emitted thick smoke. It is currently unclear who was responsible for the attack, whether the pipeline itself was damaged, and the time required for repairs. A US official stated that the drone that carried out the attack originated from Iraq. The East-West oil pipeline has become increasingly important since the outbreak of the Iraq War. Due to Iran's de facto closure of the Strait of Hormuz, Saudi Arabia has diverted approximately 5 million barrels per day of crude oil originally destined for the Persian Gulf to the Red Sea port of Yanbu via this pipeline. Meanwhile, the Houthi rebels have declared their intention to strike any Saudi vessels attempting to pass through the Bab el-Mandeb Strait, putting this alternative oil export route at risk.

According to NBC News, when asked about the $5,000 payment, U.S. Commerce Secretary Rutnick mentioned the U.S. government's holdings in Intel (INTC.O).

According to NBC News, U.S. Commerce Secretary Rutnick said the U.S. could try to "earn" funds to issue $5,000 checks without relying on tax revenue.

A spokesperson for the Yemeni Ministry of Defense stated that the Air Force has begun bombing the previously announced strike areas. We urge civilians to avoid using the Taiz-Muha and Muha-Zubab highways.