Wednesday, August 26, 2026 — Oil slides, UK gilt yields hit mid-August lows, dollar softens on Iran sanctions/Treasury buybacks; rupee strengthens to 95.41.

Iran's Ghalibaf calls Treasury Secretary Bessent's sanctions "economic D-Day" — Seoul is already bracing for expanded US sanctions fallout; gold edges up after a four-day gain, dollar stays heavy. UK gilt yields fall to lowest since mid-August as oil price slides — lower energy is the macro driver; dollar edges lower as Treasury buybacks and Iran sanctions get weighed together. Sugar prices cool 18% from record high, ex-mill rates fall to Rs55/kg — big relief for India food inflation and RBI room; gold's four-day grind higher tracks Treasury moves. Rupee strengthens to 95.41 after oil cools — good signal for importers and RBI reserves; Nifty's September question is whether the index can extend without crude snapping back. FedEx unveils $150M Delhi cargo hub, capacity 600 to 5,000 packages/hour; Axis Bank set to raise $700M via ECB swap — trade capacity and dollar funding both building out. Lumino Industries raises Rs207 crore from anchor investors, IPO opens Aug 27 — watch primary

Iran's Ghalibaf calls Treasury Secretary Bessent's sanctions "economic D-Day" — Seoul is already bracing for expanded US sanctions fallout; gold edges up after a four-day gain, dollar stays heavy.