Bessent Turns Up the Heat to Steer Yen and Yields

A litre of unleaded now costs 167.17p which is the biggest weekly increase since April, data shows.

China’s oil demand is expected to fall by 600,000 barrels a day in 2026 on the impact of the US-Iran war and spread of electric vehicles, according to the research arm of Sinopec Group, the top state-owned refiner.

Treasury Secretary Scott Bessent challenged traders to test his resolve on boosting Japan’s currency. “I am the house now, so when we intervene with the Japanese yen, I have pretty good.

The risk of a US stock pullback of as much as 10% is rising as midterm elections approach and the market heads into a seasonally challenging stretch, according to RBC Capital Markets strategists.

Africa’s biggest oil refinery cut its debt by $570 million as it raised output and sales ahead of what will be the continent’s biggest share offering, one that could expand by as much as 30% depending on demand.

Ghana’s cocoa industry regulator has proposed raising farmers’ pay by about 6% for the new season, which would further widen the gap over prices in neighboring Ivory Coast and risk more smuggling over the border.