π Oil dips as Trump threatens economic war on Iran π₯
Oil prices fell on Monday, August 24, 2026, as investors reacted to a proposed U.S. plan to isolate Iran's economy. This move is part of a new campaign by U.S. Treasury boss Scott Bessent, who promised more details on Monday. Global markets saw mixed results, with Asian stocks generally down, except for Sydney, Jakarta, and Bangkok. Meanwhile, tech giants like Alibaba are fueling their AI ambitions with major funding rounds. Traders are also awaiting clarity on U.S. monetary policy at the Jackson Hole meeting.