US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Hormuz Shipping Slows as Iran Threats Lift Oil Risks 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
China Inflation Accelerates in August as CPI, PPI Rise 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Norway Core Inflation Rises to 3% in August 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
ECB Rate Hike in Focus as Oil Tops $100 
Asian Stocks Mixed as Korean Chipmakers Rally 
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Trump Confirms Haley and Pompeo Excluded from 2025 Administration
President-elect Donald Trump announced on Saturday that former U.N. Ambassador Nikki Haley and former Secretary of State Mike Pompeo will not join his upcoming administration. Trump, currently preparing his cabinet ahead of the January 20 inauguration, stated on social media, “I will not be inviting former Ambassador Nikki Haley or former Secretary of State Mike Pompeo to join the Trump Administration, which is currently in formation. I very much enjoyed and appreciated working with them previously and would like to thank them for their service to our country.”
Trump’s decision comes as he considers other candidates for top roles, including Scott Bessent, a prominent investor under consideration for U.S. Treasury Secretary, according to Reuters.
Haley, previously the South Carolina governor and U.S. ambassador to the United Nations under Trump, endorsed Trump’s 2024 candidacy despite their past political disagreements. Pompeo, a former CIA director and Secretary of State under Trump has been mentioned in media discussions as a potential defense secretary, though he declared in 2023 that he would not pursue the Republican presidential nomination.
Trump Taps Inaugural Co-Chairs
Trump also named real estate investor Steve Witkoff and former Senator Kelly Loeffler as co-chairs for his 2025 presidential inauguration. The announcement underscores his administration’s continued reliance on experienced campaign allies as he prepares for his second term.
