SBS News

Global Oil Prices Surge Over 3% Amid U.S.-Iran Military Clashes; Brent Crude Nears $91 At 9:48 a.m. Eastern Time that day, October futures for Brent crude on London's ICE Futures Exchange were trading at $91.22 per barrel, up 3.54% from the previous session. SBS Sep 1, 2026 6:00 AM

Truth Battle Over Hormuz Mines: Iran Claims Tanker Hit, U.S. Says 'Fake News' On X on the 31st of last month , the U.S. Central Command stated, "The Iranian Islamic Revolutionary Guard Corps claims that a supertanker passing through the southern lane of the Strait of Hormuz collided with two marine mines and came to a complete halt. SBS Sep 1, 2026 6:00 AM

Trump Warns of "Strong Strike" Retaliation Against Iran Over Attack on US Base in Jordan President Donald Trump U.S. President Donald Trump has signaled high-intensity retaliation against Iran following an attack on a U.S. SBS Sep 1, 2026 5:59 AM

US Treasury Secretary: Japan Will Take Action for Stronger Yen, Hinting at September Rate Hike Treasury Secretary Scott Bessent attending the G20 Finance Ministers Meeting U.S. SBS Sep 1, 2026 5:18 AM

US Invites Russian Finance Minister to G20 Meeting, Sparking European Backlash Over Group Photo It was Russian Finance Minister Anton Siluanov. This is known to be the first time a Russian finance minister has attended a G20 finance ministers' meeting since Russia invaded Ukraine. SBS Sep 1, 2026 4:17 AM

Suspect in Switzerland Mass Shooting That Left 6 Casualties Apprehended in a Day The suspect in the dance party mass shooting in Switzerland that left six casualties has been apprehended a day later. SBS Sep 1, 2026 2:05 AM

Messi Retires from Argentina National Team: 'No Strength Left to Give' Football legend Lionel Messi has announced his retirement from the Argentina national team. SBS Sep 1, 2026 2:03 AM

Warsh: Era of 'Global Savings Glut' Gives Way to 'Investment Surge' — 'Secular Stagnation' is a Thing of the Past Treasury Secretary Scott Bessent and Federal Reserve Chair Kevin Warsh U.S. Federal Reserve Chair Kevin Warsh has diagnosed that the global economy has entered an era of an "investment surge," moving away from the past era of a "global savings glut." According to Reuters and other outlets on the 31st of last month local time, Chair Warsh said at the opening plenary session of the G20 Finance Ministers and Central Bank Governors meeting held in Asheville, North Carolina, that "if one were to define this very moment, it would be a period of a global investment surge." Noting that "global savings glut" was a major topic of discussion at G20 meetings for years before and after the 2008 global financial crisis, Warsh emphasized that "the situation has reversed." He diagnosed that while funds previously remained on the sidelines without leading to productive investments due to a lack of investment opportunities, the situation has now shifted into a phase where a worldwide expansion of investment drives economic growth. SBS Sep 1, 2026 2:00 AM

Iran's Revolutionary Guard Claims 90% of Missiles Intact and Production Facilities Restored It also stated that production facilities damaged by U.S. and Israeli airstrikes have been promptly restored and are now operating at a higher level than before. SBS Sep 1, 2026 1:31 AM

New Barrier Lakes Spotted, Heightening Alert... "8 Sites at High Risk" The largest barrier lake—formed when a landslide blocked a river, sparking fears of a secondary flood—fortunately found its water naturally clearing a path. SBS Sep 1, 2026 12:37 AM