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2026-10-16T16:43:56.000Z

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Coalition targets Houthi sea weapons smuggling

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Coalition targets Houthi sea weapons smuggling

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Gulf and Europe support Aspis effort in Red Sea

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U.S. budget deficit rises 12% to 2 trillion

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23 Hrs2026-10-16T19:43:56.000Z
U.S. budget deficit rises 12% to 2 trillion
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U.S. import prices rise on energy

U.S. import prices rise on energy

The rise in energy costs led to a greater-than-expected increase in U.S. import prices in September 2026, with a 1.1% increase following a 0.5% rise in August, reflecting ongoing inflationary pressures in the country. Despite higher production costs due to increased prices for diesel and gasoline, the American manufacturing sector continued to grow, with industrial output rising by 0.3% in September, especially in durable goods and artificial intelligence sectors, despite challenges linked to the Iran conflict and rising energy prices. Markets expect the Federal Reserve to remain cautious about raising interest rates amid rising inflation and energy market tensions.

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