Economy · Important news for 12 August 2026

IEA Warns Oil Stockpiles Rapidly Depleting Amid Strait of Hormuz Pressures

The Guardian

The International Energy Agency warned that global oil stockpiles are rapidly depleting and called for reopening the Strait of Hormuz, while OPEC lowered its demand growth forecast.

IEA warns global oil stockpiles are rapidly depleting.
IEA calls for urgent reopening of the Strait of Hormuz.
OPEC lowers full-year world oil demand growth forecast for the fourth consecutive month.

South Africa Unemployment Rate Hits Four-Year High

Semafor

Germany Weighs Emergency Measures as Low River Levels Trigger Price Surges

Fortune

US Imposes 15% Tariff and Price Floors on Imported Polysilicon

Semafor

US Credit Card Debt Reaches $1.26 Trillion, NY Fed Reports

CNBC

EU Study Warns Pesticide Import Curbs Could Raise Food Prices

Fortune

US Existing Home Sales Fall for Second Straight Month in July

Yahoo Finance

Treasury Department Issues Guidance on Pre-Tax Contributions to Trump Accounts

CNBC

Federal Reserve Rate Decision Hinges on Upcoming July Inflation Report

MarketWatch

Panama Canal Fees Surge Due to Climate Pressures and Conflict

The Guardian

U.S. Home Sales Decline in July Amid Rising Mortgage Rates

Yahoo Finance

US Taxpayers Owe $4 Billion After Cancelled Offshore Wind Leases

Semafor

Latin American Oil Producers Exceed Production Forecasts in First Half of Year

Semafor

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