ABE NEWS | August 30, 2026 The United States and Iran have exchanged direct military strikes again, abruptly ending weeks of relative restraint and threatening to push the Middle East back into another dangerous phase of a conflict that has already shaken global energy markets and disrupted one of the world’s most important shipping…
ABE NEWS | August 29, 2026 The United States is making an extraordinary move into Venezuela’s vast oil industry. President Donald Trump says Washington, working with Venezuela’s interim government and private companies, has secured majority control over more than 65 billion barrels of proven Venezuelan oil reserves — an amount equivalent to roughly one-fifth…
ABE NEWS | THE WEEK IN BUSINESS | August 28, 2026 It was a week when artificial intelligence delivered staggering numbers, Canada discovered its economy was stronger than expected just as another trade shock arrived, one of the world’s biggest social-media companies agreed to one of the most consequential settlements in the industry’s history,…
ABE NEWS | WEDNESDAY, AUGUST 26, 2026 Oil prices are falling sharply, global markets are breathing a little easier, and one of the most economically important waterways on Earth may finally be moving toward a partial reopening. But beneath Wednesday morning’s optimism lies a much more complicated reality: the Strait of Hormuz remains severely…
ABE NEWS | TUESDAY, AUGUST 25, 2026 | NEWS O’CLOCK For days, Washington had been promising what Treasury Secretary Scott Bessent described as an “economic D-Day” against Iran. Now the first major pieces of that campaign have arrived, and they reveal an American strategy that is both aggressive and surprisingly cautious. The United States…
ABE NEWS | SUNDAY, AUGUST 23, 2026 There is a narrow stretch of water between Iran and Oman that most people will never see. It is only about 33 kilometres wide at its narrowest point. Yet what happens there can influence how much families pay to fill their cars, how much airlines spend on…
ABE NEWS | THURSDAY, AUGUST 20, 2026 Africa’s biggest oil refinery is preparing for another enormous milestone. Nigeria’s Dangote Refinery has secured a $1 billion underwriting program ahead of a planned stock-market listing that could become the largest initial public offering in African history. The refinery, majority-owned by Nigerian billionaire Aliko Dangote, has already…
ABE NEWS | TUESDAY, AUGUST 18, 2026 Two days ago, the question was: What happens if the Strait of Hormuz stays disrupted? Tuesday morning gave us another part of the answer. A ship has been hit. A crew casualty has been reported. Oil has climbed above $90. Iran says the strait will remain closed…
Oil is climbing again. But this story is no longer just about the price of a barrel. It’s about a narrow stretch of water connecting the Persian Gulf to the rest of the world. The Strait of Hormuz. Before the current war, roughly one-fifth of the world’s oil and liquefied natural gas flows passed…
Oil is rising. Ships are being attacked. Traffic through one of the most important waterways in the global economy has nearly ground to a halt. The United States says its naval blockade of Iran could continue indefinitely. And Wall Street? Almost nothing. Global stocks entered Friday trading close to record highs. The MSCI All-World…
