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News
Oil Surges Over $3 Amid Iran Strait Tensions
8+ hour, 51+ min ago (1601+ words) Crude oil prices jumped sharply Monday, with Brent crude reaching $107.54 per barrel and U.S. West Texas Intermediate hitting $102.34, amid mounting Middle East security concerns and new Iranian restrictions on Strait of Hormuz navigation. Oil prices surged sharply on Monday, driven by…...
Syria Fuel Price Hike: Banias Refinery Shutdown
1+ day, 6+ hour ago (903+ words) Syria has temporarily increased fuel prices starting Sunday due to rising global costs and the need to ensure domestic supply continuity. The move follows a major refinery shutdown and ongoing import dependency. The Permanent Committee for Setting Prices of Petroleum…...
Trump 50% Tariffs on 70+ Canadian Goods Effective 15 Sep
5+ day, 6+ hour ago (235+ words) Former U.S. President Donald Trump broadened the scope of 50% tariffs to encompass more than 70 newly designated Canadian goods. The additions include cheese, furniture, motor vehicles, and construction materials. According to an annex to the White House decision, over 70 new product categories…...
Georges Braks Warns of $30/L Gas Price in Lebanon
5+ day, 6+ hour ago (168+ words) Braks: We Are on the Brink of $30 per Liter for Gasoline in Lebanon Daily Beirut George Braks, a member of the Lebanese Fuel Stations Owners Association, stated: "Unfortunately, due to escalating military tensions and attacks on energy facilities in the…...
Carol Roth Reveals Debt Fix for $40 Trillion Crisis
5+ day, 7+ hour ago (365+ words) The U.S. faces a $40 trillion debt crisis, and a famous billionaire knows how to fix it—but will Congress have the political will? The United States is facing a $40 trillion debt crisis, and a well-known billionaire knows how to solve it....
Karim Sayed: $79.5B Deposits at Risk in Lebanon
6+ day, 20+ hour ago (761+ words) Lebanon's Central Bank Governor Karim Sayed outlines a timeline for passing the critical fiscal gap law, revealing that deposits totaling $79.5 billion are at risk and gold reserves may be used only under extreme circumstances. Lebanon's Central Bank Governor Karim Sayed…...
Banque du Liban New Investment Rules 2026
1+ week, 6+ hour ago (166+ words) Banque du Liban issues new regulations to strengthen governance and oversight of investments made through financial facilitations since 2013, ensuring accountability and recovery of funds. Issued by Banque du Liban: Central Bank of Lebanon: Continues Full Cooperation with Alvarez & Marsal Until…...
Iran Doubles Gasoline Prices Amid U.S. Blockade
1+ week, 9+ hour ago (170+ words) Iran has doubled the price of its third fuel tier amid intensified U.S. economic sanctions and maritime blockade, with the new rates taking effect from September 8. The Iranian authorities announced a doubling of the price for the third fuel tier for…...
Alvarez & Marsal Audit Launches in Lebanon
1+ week, 5+ day ago (274+ words) The Central Bank of Lebanon confirms it is maintaining full cooperation with Alvarez & Marsal following the award of a criminal audit contract, aiming to enhance transparency and accountability. Issued by the Central Bank of Lebanon: Following the official commencement of…...
Gold, Bitcoin Surge as US Debt Hits $40 Trillion
1+ week, 6+ day ago (356+ words) Gold rose over 10% in August and Bitcoin gained nearly 28%, following U.S. Treasury’s expansion of long-term bond buybacks amid rising concerns over the dollar as federal debt surpassed $40 trillion. Gold and Bitcoin re-emerged as leading alternative assets in August after U.S. Treasury…...