August 10, 2026
United States:
Trump Signals Restraint on Iran, Favors Economic Pressure
US President Donald Trump signaled he’s prepared to let economic pressure on Iran build rather than launch fresh military strikes to force a reopening of the Strait of Hormuz, even as the Islamic Republic reiterated that the conditions still aren’t in place to allow free passage through the key waterway.
“We are just watching Iran with its huge inflation and the fact they have no money,” Trump told Axios in an interview on Sunday, saying that a US naval blockade of the country was deepening its financial woes.
Europe:
Euro Zone Set for Firmer Growth After Bumper Second Quarter
Economic growth in the euro zone is set to quicken after showing surprising resilience to the Iran war, according to a Bloomberg survey of analysts.
The 21-nation bloc is forecast to expand 0.8% in 2026, up from a 0.5% estimate in July.
Asia:
BOJ Flags Upside Price Risks and Possible Faster Rate Hikes
The Bank of Japan flagged rising risks of inflation heating up in a summary of opinions from its July meeting, with one board member pointing to the possibility of an acceleration in the pace of interest rate hikes.
“Given that underlying CPI inflation has been approaching 2 percent and greater consideration should be given to upside risks to prices than before, it could be considered that the pace of policy interest rate hikes will be faster than market expectations,” one of the nine board members said, according to a summary from the July 30-31 meeting released Monday.
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