Grist
Trump Declared an Energy Emergency, Then Accidentally Created a Real One
Trump declared a national energy emergency, then started a war that created an actual one - and his emergency powers can't fix it.
Grist
Trump declared a national energy emergency, then started a war that created an actual one - and his emergency powers can't fix it.
The Hill
White House economist finds silver lining in report showing inflation hit 3.7%, gas prices jumped 9.1% monthly, and real wages fell 0.5% - optimism truly is a renewable resource.
BBC Business
Diesel tops £2 a litre, and a North East cancer charity is now spending £15,000 a month at the pump - which is £5,000 more than the cost of being a functioning charity last year.
The Guardian
Defense secretary visits sailors who spent 260 days at sea without a port call, tells them it 'wasn't easy,' blames the media, and hands out a heroism medal. What could possibly be the issue?
BBC Business
Chancellor must decide whether to plan for a war that might end before the Budget or one that might not, while bond markets circle like wolves and the IMF tells everyone to eat their vegetables.
The Hill
Over 30 business groups beg Trump not to ban diesel exports, arguing it would raise costs - which is, awkwardly, the exact thing the ban was supposed to fix.
BBC World
Trump says the Iran war will end right after the November midterms, which is either a diplomatic strategy or an admission that the war is now a campaign prop.
BBC Business
Andy Burnham refuses to rule out tax rises while promising to be 'careful' - because nothing says careful like borrowing more than expected and hoping for the best.
BBC Business
UK job vacancies hit a five-year low as small firms blame costs, Iran war energy prices, and policy uncertainty; young job seekers apply to hundreds of roles with little luck.
BBC World
In a Tennessee town where churches outnumber Democrats, residents keep the faith in Trump even as his approval tanks - because the local bomb plant keeps the economy booming.
The Guardian
Persimmon banks on a 'Burnham bounce' to build more homes, while war-related inflation looms - because what's a housing market without a bit of geopolitical chaos?
BBC Politics
Bank of England likely to hold interest rates at 3.75%, citing global uncertainty and the Iran war, while mortgage rates climb and savers get a rare win.
The Guardian Europe
Trump's new tariffs on 85 countries get roasted as a sham by Democrats, while the Pentagon's Iran war death toll mysteriously 'glitches' to exclude recent casualties - because apparently, the war ended in April?
Trump's war in Iran has claimed 17 U.S. lives, and the president - who once wriggled out of scandals like a greased pig - finally faces a jam he can't escape, with no plan and a growing mess.
BBC Business
Ryanair's profits drop 34% as war, fuel costs, and nervous flyers force fare cuts; Mediterranean flights still full but passengers booking later.
BBC Business
China's economy grew a measly 4.3% in Q2, missing its target as the Iran war and domestic ennui spoiled the party, but hey, exports are booming.
NPR Economy
Moody's Analytics estimates the Iran war has cost each U.S. household about $1,100 - roughly the annual fruit-and-vegetable budget, but with more geopolitical baggage.
NPR Economy
The Iran war cost $132 billion, raised gas to $4.56, killed 13 U.S. service members, and made everyone's mortgage more expensive - but hey, oil companies are doing great.
The Guardian
Japan's central bank raises rates to a 31-year high of 1%, because apparently 0.75% was just too thrill a minute for an economy that once saw 9%.
BBC World
Australian farmers face a record mouse plague - think 10,000 rodents per rugby field, plus rising costs from the Iran war - because apparently farming wasn't stressful enough.
The Good Times
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