Business and Economy

The hum of the kidney dialysis machine that Onasis Munoz is connected to suddenly stops. The fluorescent lights overhead flicker out, and his room at a clinic in Valencia, Venezuela, is plunged into darkness.

It is not the first time a power cut has interrupted one of the three weekly sessions Munoz needs to do the work his failing kidneys can no longer do, filtering waste and excess fluid from his blood.

For years, electricity would go out every couple of days across parts of Venezuela’s Carabobo state.

But in recent months, Munoz said, the outages have grown to be daily, lasting around seven hours. The clinic’s emergency batteries have since been depleted, and its backup generator no longer works.

He explained that the frequent power failures have disrupted his treatment. His health has slumped as a result.

“I arrive home, exhausted, as if I had run a marathon,” the 34-year-old said.

But often there is no electricity there either, and recent weeks have been sweltering. “I can’t switch on the air conditioning. I cannot rest because of the heat and the mosquitoes. There’s no relief,” Munoz said.

Across Venezuela, the prolonged outages are riling locals, as the electricity supply to homes, businesses and essential services becomes unstable.

Some of the cuts are deliberate, as the government of interim President Delcy Rodriguez rations electricity.

The resulting frustration has spilled onto the streets, where demonstrators hold “cacerolazos” – a traditional form of protest that involves banging pots and pans.

Some have gone as far as blocking roadways and setting tyres on fire. The electricity crisis has also raised concerns about how the government is managing the country’s vast oil supply, a key source of income for the country.

“We are desperate. We cannot understand how a country so rich in resources can be practically left in the dark,” said Patricia Cueva, a lawyer from Maracaibo, the capital of oil-rich Zulia state.

“We cannot rest. We cannot work. Our children cry.”

Job growth in the United States slowed in September, falling short of economists’ expectations as the unemployment rate rose in the final jobs report before the consequential midterm elections.

The US economy added 29,000 jobs in September, according to the Labor Department’s report released on Friday, far below economists’ expectations. Dow Jones had forecast 84,000 jobs, while economists polled by Reuters said they expected 90,000 job additions.

The unemployment rate also rose by 0.1 percentage point, from 4.1 percent to 4.2 percent.

The healthcare sector led the gains, accounting for the majority of new jobs. The industry added 17,000 jobs, marking a slowdown from an average of 33,000 jobs per month over the past year. Construction added 11,000 jobs, while manufacturing added 9,000.

Financial activities, which include sectors such as commercial banking and insurance, shed 7,000 jobs.

Most other sectors were largely unchanged, including retail, oil and gas extraction, and leisure and hospitality.

“Today’s disappointing report shows the labour market is grinding to a halt, marked by slow hiring and declining real wages that leave workers with very little leverage,” Kyle Moore, chief economist at the think tank The Century Foundation, said in remarks provided to Al Jazeera.

Previous jobs reports were also revised downward. July was revised from an initial gain of 21,000 jobs to a loss of 10,000 jobs. August was revised down by 29,000 jobs, from 162,000 to 133,000.

Wages grew by 3 percent, marking the slowest annual wage increase in five years.

Friday’s jobs report caps a week of weakening economic data before the consequential midterm election on November 3.

According to an AP-NORC poll released on Thursday, 61 percent of Americans polled said the US economy is worse off now than when Trump took office in January 2025.

“When businesses are barely hiring and raises aren’t keeping up with rising prices, it’s a stalled economy – and working families are stuck in it,” Breyon Williams, chief economist for Groundwork Collaborative, an economic policy think tank, said in a statement.

Trump has been trying to change the narrative on the slumping economy. On Monday, he said in a Truth Social post that “The United States has the BEST Employment Numbers in HISTORY.”

Stalling growth

On Tuesday, the US Labor Department released the Job Openings and Labor Turnover Survey, or JOLTS report, which showed little change, suggesting what economists call a low-hire, low-fire environment. That means those who have jobs are generally not leaving for new ones, while employers are maintaining the status quo rather than expanding.

On the other hand, ADP’s private payroll report, released on Wednesday, showed that 90,000 jobs were created across the private sector. The sheer number of layoffs fell, too, according to Challenger, Gray & Christmas. The report, released Thursday, showed that employers cut more than 43,000 jobs in September, marking an 18 percent decline in layoffs from August.

Friday’s jobs report comes before the Federal Reserve’s final policy decision before the midterm election. During its two-day policy meeting on October 27-28, the central bank will decide whether to raise, cut or maintain interest rates.

The odds increasingly suggest the Fed will hold rates steady in the 3.75-4.00 percent range, according to CME FedWatch, a tool that tracks the likelihood of monetary policy decisions. The FedWatch tool indicates there is currently a 77.3 percent chance that rates will hold steady, up from 35.8 percent this time last week.

US markets are trending upward on the heels of the report. The tech-heavy Nasdaq is up 1.5 percent, the Dow Jones Industrial Average is up 0.6 percent and the S&P 500 is up 1.1 percent in midday trading.

The price of gold, which is largely considered a safe investment during times of economic uncertainty, rose 1.1 percent to $4,223.49 amid the jobs report.

Both decrees to tackle housing affordability crisis shot down as critics say measures would tighten the housing market.

Spain’s government has lost key votes to ratify emergency measures aimed at tackling the nation’s housing affordability crisis, after protests intensified last month following the eviction of an 87-year-old woman.

The proposed measures, which comprised two separate decrees, were both shot down by the majority of ⁠the 350-seat lower house of parliament on Friday.

The move is a heavy blow to Prime Minister Pedro Sanchez, whose government faces public pressure, including from the hundreds of protesters who had gathered outside parliament demanding help for renters.

The first decree was meant to stop evictions of vulnerable people, make real estate speculation harder, impose tighter restrictions on short-term leases and provide tax incentives to encourage renting and the construction of housing.

The second decree proposed making leases automatically renew when they are set to expire, essentially making them indefinite. A property owner would have to pay a tenant 12 months of rent to break the contract.

The right-wing ⁠Catalan separatist ⁠party Junts refused to back the housing decrees, saying they would ultimately tighten the housing market. The centre-right Popular Party and far-right Vox also voted against the measures.

Sanchez, who leads a coalition government composed of his Socialist Party and the far-left Sumar, ⁠appealed to lawmakers in the run-up to the vote to put aside political calculations and pressure.

“Think about ordinary people, about those who most need the protection of public institutions. Think about the millions of young people who ⁠cannot afford to ⁠move out of their parents’ homes. Think about the families living with the constant ⁠anxiety of ever-rising rents,” he said.

“Do the right ⁠thing, because I ⁠believe that if you do not, history will judge you sooner than you ‌think, and far more harshly than you can imagine.”

Miriam Nogueras of Junts argued the decrees would only lead to owners removing their properties from the rental market, and thus driving up prices even further.

“These decrees still allow speculators to buy property and to evict people,” Nogueras said.

‘Your profits, our misery’

As the vote was under way, protesters marched on the parliament demanding help for renters.

The government decrees were intended to quell a public uproar following the televised eviction on September 23 of Maria del Carmen Abascal, known across Spain as Maricarmen, that set off protests and a camp-in that occupied Madrid’s Puerta del Sol square ever since.

Abascal was living in the property in Madrid’s central Retiro neighbourhood under a rent-capped lease contract signed by her father in the 1950s. The property was then bought by the real estate and investment firm Urbagestion in 2018.

Urbagestion sought to terminate Abascal’s contract and evict her after raising her rent from 500 euros ($572) to 2,650 euros ($3,010) – nearly double her pension of 1,350 euros ($1,533) a month – according to Spanish newspaper El Pais.

When the police carried out her eviction on their fourth attempt, hundreds of activists who had been protesting against her losing a home she had lived in her entire life were waiting outside. Abascal has since been offered a preliminary agreement that would allow her return to her home.

Protesters rallying at the chamber in downtown Madrid on Friday held up homemade signs with images of vultures on them, denouncing the real estate speculators they blame for driving up prices.

Some people gathered outside the assembly chanted “your profits, our misery” as lawmakers voted down the government’s decree.

The average rent in Spain has almost doubled in the past 10 years. The average price per square metre has risen from 8.20 euros (about $9.08 at the time) in 2016 to 15.1 euros ($17.15) this year, according to the real estate website Idealista.

Carney declared the pipeline a project of national interest, smoothening its way to a single federal regulatory review process.

Canada will fast track the approval process for a new proposed crude oil export pipeline to its west coast that could generate billions in revenue and boost economic growth, Prime Minister Mark Carney has said.

Carney made the announcement on Thursday to fast-track the pipeline, which is a crucial part of his bid to diversify the economy away from the United States and help lessen the effect of US President Donald Trump’s tariffs.

Carney said Ottawa is officially listing the Pacific Link pipeline, which had been announced in July, as a project of national interest. That will ensure it proceeds through a single federal regulatory review process. He said Ottawa aimed to complete the process by September 1, 2027.

“A pipeline to the west coast is part of our mission to transform our economy, to double our non-US exports over the next decade … [and] to unlock our full potential as a global energy superpower,” he told reporters in Fort McMurray, hub of Alberta’s tar sands industry.

Ottawa says the 1 million barrel a day project would create 140,000 jobs and generate more than 20 billion Canadian dollars ($14bn) in gross domestic product (GDP) per year and 100 billion Canadian dollars ($70bn) in government revenue by 2060.

Canada currently has just one east-west oil export pipeline in Canada, the 890,000-barrel-per-day Trans Mountain pipeline. An expansion of that pipeline was completed in 2024, but it is already running at capacity.

For years, Canada has sent more than 90 percent of its crude oil exports to the US via pipeline. A new oil export pipeline could make Canada a major global energy supplier, as Asia’s top importers seek oil from outside the Middle East in the wake of the Iran conflict.

Filling the pipeline, however, would require new tar sands expansions of the type no company has undertaken in more than a decade.

The pipeline will be built by government-owned Trans Mountain Corp in coordination with Pembina Pipeline Corp. Alberta estimates it could cost between 35.2 billion Canadian dollars and 43.7 billion Canadian dollars ($24.7bn – $30.7bn).

The majority owners will be the federal government and the government of Alberta. Indigenous communities will be offered a minimum of 10 percent ownership interest.

Previous oil pipeline projects in Canada have faced strong opposition from environmentalists and Indigenous groups, resulting in the cancellation of some projects and leading to cost overruns and construction delays with others.

Alberta separatism

Carney made the announcement alongside Alberta Premier Danielle Smith in Fort McMurray in the heart of Canada’s tar sands, a move meant to mend relations with oil-rich Alberta as separatists push for a referendum on leaving Canada.

Alberta is holding a public vote on October 19 on whether to hold a referendum on leaving Canada. Smith has long complained that Carney’s predecessor, Justin Trudeau, hindered Alberta’s energy industry and fuelled separatist sentiment.

Smith said she would vote to keep Alberta in Canada and called the roughly 22 percent support for separation in a recent poll “still too high for my liking”.

“I don’t like the fact that many of our fellow citizens have given up on Canada,” Smith said, adding that the pipeline was an example of how “cooperative federalism can work in action”.

Asked what message Albertans considering separation should take from the announcement, Carney said it demonstrated that “Canada is working” and showed what the country could achieve by acting together.

TA419 hackers used deceptive tactics, impersonating real figures like a former White House AI official

Chinese hackers have been impersonating artificial intelligence (AI) experts in the United States, including a former government official, according to a new report from cybersecurity firm Proofpoint.

The report, released on Thursday, found that in July, a China-aligned hacking group called TA419 targeted a slate of US policy experts by impersonating prominent figures, including Lynne Edwards Parker, the former principal deputy director of the White House Office of Science and Technology Policy.

The hackers, who had been operating since April 2025, first sent otherwise harmless-looking emails intended to engage a target, such as requests to join an “AI Policy Advisory Committee”, and, once they responded, the target would be sent to a fake login page designed to steal their credentials.

The targets included policy experts at think tanks, defence contractors, universities and law firms in both the US and Japan.

The report used a technique that creates a fake browser pop-up window inside a legitimate webpage that mimics an authentic-looking sign-in prompt to deceive victims and make it harder for them to realise they are handing over their information to hackers.

Proofpoint did not specifically name the targets hacked, but the Reuters news agency was able to confirm at least one of them as Alex Engler, a former White House official who now heads the Penn Center on Media, Technology, and Democracy.

Engler told Reuters that he got one of the emails, but after checking with industry colleagues, he discovered that he had received the email from an impersonator.

In February, the same group was behind the impersonation of a “prominent” Anthropic employee in efforts to target AI policy experts. The cybersecurity firm behind the report believes that the group will continue to target think tanks and other policy experts and will continue to use the identity of real-world experts to do it.

Parker did not respond to Al Jazeera’s request for comment.

Exports jump 83.5 percent to top $120bn for the first time amid ferocious semiconductor demand.

South Korea’s exports have surged to a monthly record amid explosive demand for chips used to power artificial intelligence.

Exports jumped 83.5 percent year-on-year to $120.9bn in September, eclipsing the previous monthly record of $102.25bn set in June, preliminary customs figures showed on Thursday.

Chip shipments accounted for nearly half of exports, soaring more than 260 percent to $60.3bn, according to data from the Korea Customs Service.

Total exports from January through September hit $814.5bn, exceeding those for all of 2025, when exports reached a record $709.7bn.

During the first nine months of the year, the country recorded a trade surplus of $49.85bn.

“This is a valuable achievement that once again demonstrates the strength of our industries and companies, and is thanks to the sweat and efforts of our entrepreneurs who have competed fiercely in the global market,” said Kim Jeong-kwan, South Korea’s minister for trade and industry, in a statement.

“While we expect to achieve $1 trillion in annual exports, the strengthening of global protectionism and tensions in the Middle East remain major variables affecting our exports,” Kim said.

South Korea’s economy has been running red-hot this year amid a global shortage of memory chips used in AI.

Asia’s fourth-largest economy is home to one of the world’s largest semiconductor industries, led by top memory chip makers SK Hynix and Samsung Electronics.

SK Hynix and Samsung Electronics together control roughly 80 percent of the global market for high-bandwidth memory and 60 percent of the market for dynamic random-access memory, according to Counterpoint Research.

South Korea’s nominal gross domestic product (GDP) growth hit a five-decade high in the April-June quarter, skyrocketing 26.4 percent year-on-year.

South Korea’s Ministry of Finance and Economy has forecast real GDP to grow 3 percent in 2026, which would be the strongest performance since 2017, excluding the outlier years of the COVID-19 pandemic.

The AI boom has also propelled the country’s stock market into the ranks of the best-performing bourses this year, with the benchmark Kospi rising nearly 60 percent.

As Iran and the United States work with mediators to end seven months of hostilities, the reality in the Strait of Hormuz is shifting in ways that could prove to be a game-changer in ongoing negotiations.

According to the latest data from tanker-tracker websites, traffic through the key waterway has been steadily increasing, with some estimates putting oil and petroleum flow through the Strait of Hormuz at nearly 80 percent of what it was before the US-Israeli war on Iran began on February 28.

This could dent Iran’s leverage in reaching a favourable deal for itself in its attempts to end the fighting, which has seriously hampered its already heavily sanctioned economy, amid the US blockade of Iranian ships and ports.

Despite that, experts believe it would be a mistake to think normality in the Strait of Hormuz is imminent, or that Iran will fold easily despite growing economic hardship.

“The fact that oil is getting through the Strait of Hormuz is encouraging, but flows are not yet regarded as completely secure or guaranteed, particularly while the wider conflict remains unresolved,” Susannah Streeter, chief investment strategist at Wealth Club, told Al Jazeera.

Moreover, oil prices remain high globally, including in the US, where President Donald Trump faces a crucial midterm election that could see his party swept away in both houses of Congress.

Tanker insurance costs also remain elevated and energy flows through Hormuz are still far from secure, suggesting Iran’s leverage may be weakening rather than disappearing.

Oil flows through Hormuz recovering

The latest data from commodity analytics firm Kpler points to a significant recovery in oil exports from the Middle East.

Crude exports reached an estimated 16.328 million barrels per day (bpd) in September – their highest level since the war began in late February, the firm reported this week.

Flows through the Strait of Hormuz itself were expected to reach about 9.719 million bpd during the month. Saudi Arabia has driven much of the increase, with its exports rebounding from 2.446 million bpd in August to about 5.4 million bpd in September.

Kpler said Middle East crude exports have recovered to just under 80 percent of their pre-war level. But the figures remain about 3.2 million bpd below the 19.513 million bpd exported in February.

The data also does not include ships crossing Hormuz with their tracking systems switched off, meaning actual traffic could be higher.

Prior to the war, an estimated 120-140 vessels crossed through the waterway daily, roughly half of them oil tankers moving approximately 20 million barrels per day. At the height of the fighting, traffic through the waterway collapsed to as few as two tankers a day after Iran in effect closed the strait in retaliation for US-Israeli attacks.

Is Iran losing leverage?

The rebound in oil flow presents a challenge for Tehran. Iran has sought to use its ability to disrupt the Strait of Hormuz – one of the world’s most important energy chokepoints – as leverage against Washington’s military and economic pressure.

But if large volumes of oil can continue moving through the strait while Iran itself remains under a US naval blockade, Tehran’s bargaining power could diminish.

Iran, however, rejects any assessment that its control over the strait is slipping.

Islamic Revolutionary Guard Corps spokesperson Hossein Mohebbi on Tuesday said the ability of vessels to transit the waterway with US assistance did not mean Hormuz had returned to normal.

Oil prices are another indication that Iran has not lost all of its leverage.

Brent crude fell 2.6 percent to $102.59 a barrel on Tuesday as traders focused on recovering Middle East exports. But it was still heading for a roughly 13 percent gain in September.

Chris Beauchamp, an analyst at IG, said markets were beginning to incorporate evidence of recovering flows but remained wary about how durable that recovery would be.

“It takes time for evidence to filter through to markets,” Beauchamp said. “Oil prices came off yesterday as the narrative began to take hold, and should continue to fall.”

But he said concerns persisted over whether the US protection system could withstand a renewed barrage of Iranian missiles and drones.

Streeter of Wealth Club said the market still had a geopolitical risk premium built into crude prices, despite the improving flows.

“Insurance costs for tankers also remain elevated because of the perceived risks of operating in the region, adding to the cost of transporting crude even as more ships make it through the waterway,” she said.

Moreover, Streeter warned that crude figures tell only part of the story. Flows of refined fuels, particularly diesel and gasoline, remain constrained, while damage to infrastructure has placed additional pressure on energy supply chains, she added.

There is another vulnerability, the investment strategist pointed out. Countries including the US have relied heavily on strategic oil reserves to cushion the impact of the disruption and help contain prices.

“With those stockpiles now significantly depleted, there is a thinner buffer if there is another disruption, which is helping to keep a floor under crude prices,” Streeter added.

‘Economic war’ on Iran

There is little doubt that economic pressure on Iran is intensifying, potentially increasing Tehran’s incentive to reach an agreement.

Official data from the Statistical Center of Iran earlier this month showed gross domestic product (GDP) contracting 10.1 percent year on year between March 21 and June 20, while the crucial oil and gas sector shrank 26.4 percent.

Iran has also been battling high inflation and a plunging currency as the US blockade constrains oil exports and foreign currency earnings.

Twelve-month average inflation reached 69.9 percent earlier in September, while the rial had fallen beyond 2.2 million to the US dollar in early September.

In August, the US announced a fresh economic pressure campaign against Iran, promising to target Tehran’s financial interests across the world.

Mohammad Eslami, a research fellow at the University of Tehran, told Al Jazeera that Iran was facing an “economic war” alongside the military conflict.

“There is a US blockade of the Strait of Hormuz, which affects Iran’s revenues from oil exports and other products such as petrochemicals, which are important to Iran’s economy,” Eslami said. “As a result, Iran’s dollar revenues have been affected by the blockade.”

But he cautioned against judging Iran’s economy solely through the value of its currency.

“The exchange rate is a very important indicator, but it is not the only measure for explaining what is happening or the difficulties and challenges facing Iran’s economy,” Eslami said, adding that Iran has faced US economic pressure for “five decades”.

Can a deal be reached?

Despite the military and economic pressure, negotiations have not collapsed.

At the United Nations General Assembly last week, Tehran and Washington engaged in three hours of indirect talks, as US special envoys Steve Witkoff and Jared Kushner met with Iranian Foreign Minister Abbas Araghchi.

President Trump later described the encounter as “very good” and “very productive.”

Iran also proposed a seven-day roadmap under which the Strait of Hormuz could be reopened and normal maritime traffic restored if Washington meets Tehran’s conditions, a plan Trump categorically rejected.

Those conditions included ending the naval blockade on Iran, easing sanctions and releasing frozen Iranian funds.

However, on Wednesday, Reuters news agency reported that Araghchi had received US feedback on the proposal through Qatari mediators.

An official briefed on the talks said the main disagreement now centred on the sequencing of measures rather than the components of the plan.

Rising goods and fuel costs are cited as key factors in the sharp drop in consumer confidence.

United States consumer confidence has fallen to its lowest level since 2014, just over one month before the congressional midterm elections.

Consumers pointed to higher costs for goods and services as the primary reason for the decline, according to The Conference Board, which released its monthly report on Tuesday.

“The Consumer Confidence Index deteriorated notably in September, following two prior months of softening,” Dana M Peterson, chief economist at The Conference Board, said in a release announcing the report.

Consumers pointed to higher prices at the pump as one of the driving factors. The average price for a gallon (3.78 litres) of petrol has jumped 37 cents over the past month, according to the American Automobile Association (AAA), which tracks daily petrol prices. The average price stood at $4.45 on Tuesday, compared with $4.08 a month ago.

“Oil and gas prices in particular rose to new heights, reflecting September’s surge in fuel costs. Comments about war/conflict eased this month but remained elevated,” Peterson said.

The consumer confidence report comes a day ahead of a key inflation report that the Federal Reserve uses to gauge the state of inflation, the personal consumption expenditures (PCE) index, which was up 3.7 percent in June from a year earlier.

The US central bank raised interest rates for the first time in three years earlier this month, driving up costs of credit cards and car and bank loans. It is set to make another decision on interest rates at its October 27-28 meeting, putting pressure on Republicans as consumer sentiment tumbles across political affiliations.

Consumer confidence fell among all political affiliations, according to the report, the second-to-last major consumer confidence reading before the midterm elections, which will determine the balance of power in Washington, DC.

US consumers think the Democratic Party would handle the economy better than their Republican counterparts, with 42 percent saying Democrats would do a better job compared with 34 percent for Republicans, according to a recent Marist poll.

US markets are only slightly lower as the trading day comes to a close. The tech-heavy Nasdaq closed down 0.08 percent, the Dow Jones Industrial Average declined 0.2 percent and the S&P 500 was down 0.1 percent.

Trump retaliated against Canada’s counter-tariffs on $20bn worth of US imports by banning $1bn of Canadian goods.

The United States is implementing a ban on nearly $1bn in imports from Canada, including alcoholic beverages, dairy products and motorcycles.

The ban took effect early Tuesday and is likely to further strain already-tense relations between the two neighbours.

Ottawa and Washington DC have long been allies and trade partners, with approximately $880bn worth of annual two-way trade. That relationship has been upended during US President Donald Trump’s second term as he unleashed tariffs on most trading partners, including Canada, and referred to the northern neighbour as the 51st state of the US.

Most recently, the US slapped 50 percent levies on Canadian goods worth $20bn, including dairy and motorcycles, on August 22 after trade negotiations failed. Canadian Prime Minister Mark Carney retaliated, saying Ottawa will match US tariffs “dollar for dollar in order to protect Canadian workers, farmers, families and businesses”. Canada levied tariffs of 15 percent, 25 percent and 50 percent on US exports of a similar value.

Tuesday’s ban was Trump’s punishment for Canada’s retaliatory tariffs.

“The impact of such a ban will be minor, it is only $1bn while we trade hundreds of billions with Canada,” Professor Gary Shields at Wayne State University’s School of Business told Al Jazeera. “It is, however, rather astonishing how President Trump treats our allies in Canada and Europe, while rolling out the red carpet for China’s dictator when he visited the US last week”.

“It is a tit-for-tat. It will not reduce people’s taxes and won’t put money in their pockets. It is kind of personal and a way of showing off toughness,” Shields added.

Canada’s economy grew by an estimated 0.2 percent in August after remaining unchanged in July, according to Statistics Canada. But the new US-Canada tariffs, tighter financial conditions and a shrinking population should further weaken growth in late 2026 and early 2027, Michael Davenport, senior Canada economist at Oxford Economics, said in a note provided to Al Jazeera.

America.gov for now functions like a chatbot comparable to ChatGPT or Claude, pointing users to official gov’t websites.

The administration of United States President Donald Trump has launched a new website called America.gov aimed at simplifying access to government information.

The website functions much like a chatbot comparable to OpenAI’s ChatGPT and Anthropic’s Claude and points users to official government sources for questions such as passport renewals.

The president announced the new site on Tuesday alongside several Cabinet officials, including Secretary of State Marco Rubio and Transportation Secretary Sean Duffy.

In a speech, the president claimed that the website would not store user information and used the opportunity to tout simplified access to information about elections and applications for citizenship.

The site is powered by Google’s Gemini AI and xAI’s Grok, according to the chief design officer, Joe Gebbia.

The executive order announcing the new site calls it “a unified digital front door to the Federal Government for every individual in the United States seeking Federal information or services”.

It also says the site will provide “an entry through which an individual may sign in, communicate in plain language, receive accurate answers, and, where authorized and technically available, complete Government transactions without being required to navigate the websites of multiple agencies.”

White House officials told Al Jazeera that the website will abide by the security protocols of the government agency users inquire about, and it will be retained by those agencies and not America.gov, for example, Medicare.

Al Jazeera tested the answers the website provides to see how they align with the president’s views.

When asked “who is the fake news?”, it said, “I don’t label news outlets or comment on media.” When asked who won the 2020 presidential election, it said Joe Biden. When asked whether the department in which Pete Hegseth is secretary is the Department of Defense or Department of War, it said, “Department of Defense (DoD). That is still the name in statute until Congress changes it.”

When asked about obtaining specific records, such as individual tax information, citizenship records, political donations or Securities and Exchange Commission filings, it directed users to the government websites that provide that data for individuals.

However, in the presentation announcing the new site, Rubio showed that, in the future, the website may be able to help Americans apply for passports directly through the site and even take and upload their passport photos.

The website was created in coordination with the National Design Studio, which is part of the Executive Office of the President and was established by Trump in August 2025.

Tehran, Iran – Iranians are stocking up on food and medicines as fears grow that the country will face dire shortages as the United States tightens an embargo on the country.

The Iranian government had managed to keep household staples flowing during the early months of the war. But a US naval blockade and pivot to draconian sanctions have led to fears that imports will be limited.

More recently, the US announced a ban on Iranian airlines worldwide and is pressing other countries to cut trade ties with Iran in a bid to isolate the country.

Addressing the United Nations General Assembly last week, Iranian President Masoud Pezeshkian condemned Washington for its blockade on his country, saying it will prevent food and medicine from reaching the Iranian people.

On Saturday, US President Donald Trump rejected Iran’s offer for a seven-day truce that would see it reopen the Strait of Hormuz in exchange for economic relief and other conditions.

As the war enters its eighth month and hopes for a diplomatic solution dim, Al Jazeera looks at how some Iranians are faring under a US embargo.

Consumers

Tehran’s stores remain stocked, but shoppers are keeping an eye on shop shelves. Their anxiety has deepened since a flurry of social media posts urging people to ensure they have several days of food before a possible new round of fighting with the US.

At one shopping centre, Ali, 51, was loading a trolley packed with rice, flour, pasta, pulses, cooking oil and canned food.

He is stocking up because he is convinced that Iran’s adversary is seeking to “starve” the people to push them to turn on their government.

“This is not a war in the traditional sense. It targets the people to put pressure on the authorities,” he said.

With flights to some nearby countries suspended, imports of certain medicines and mobile phone headsets are hard to find. The prices of those still available in shops have been pushed up.

Haj Pasandideh, a 71-year-old grocer, said he believed warehouses were well-stocked with basic goods at the moment. But the problem lies in the daily price increases due to Iran’s weakening rial, prompting him to bulk-buy goods before the expected hikes.

He sometimes caps cooking oil at one bottle per sale to ensure as many customers can purchase the goods as possible.

Exporters crushed

Farmers are also on edge due to the embargo, unable to ship out their produce and forced to sell to local markets.

The war has worsened the economic situation, even after years of sanctions that have pushed the country from being a regional exporter of agricultural and food products to being one of the region’s main importers.

Mehran, an apple grower, told Al Jazeera that due to the difficulties of exporting, he had sold only a third of this year’s harvest, all of it inside Iran.

Some neighbouring countries have halted trade with Iran in recent months, he said, while trucks now spend days at crossings they once cleared in a day, causing fruit to spoil before it reaches buyers.

“The blockade has not only closed the sea and air but also the land routes but in an undeclared manner,” he said.

Pharmaceutical shortages

The war has also deepened an already-dire shortage of medications. Some pharmacies Al Jazeera visited in southern Tehran had run out of infant formula and dozens of other types of medications.

Although officials have assured Iranians that substitute products were available, pharmacy staff expressed concern about the increasing number of customers searching for infant formula in vain.

“Imported medicines are disappearing fast, and lately people have been coming in to buy certain items before they need them for fear they will run out in future,” Mahsa, a 23-year-old pharmacy assistant, told Al Jazeera.

She said the health authorities had introduced “smart systems” to track the quantity and type of medication each person buys.

Breaking the blockade

The prospect of a prolonged siege and deteriorating economic conditions have driven some Iranians to call for a military solution.

On Tehran’s main thoroughfare, several people told Al Jazeera that another round of fighting with the US was unavoidable. Some urged the government to break the blockade by force before it is tightened further.

Mohsen, a 23-year-old economics student, believes Washington’s goal is to strangle the Iranian economy and the cost will ultimately be felt by Iranian citizens.

Iran possesses many strong cards that it must use to break the air and sea blockade before they develop into a land blockade that would completely choke Tehran, he said.

Alireza Taghavinia, an Iranian international relations expert, told Al Jazeera that the gap between Washington and Tehran was too wide to be bridged. “The siege imposed by force will only be lifted by force,” he said.

In a worst-case scenario, falling living standards could bring protesters onto the streets, he added.

“The enemy is counting on stirring up chaos inside Iran because it believes no military strike will achieve its objectives without internal unrest,” he said.

Reserve Bank of Australia lifts benchmark rate to 4.6 percent amid stubborn inflation.

Australia’s central bank has raised interest rates to a 15-year high, spelling higher mortgage payments for millions of Australian households.

The Reserve Bank of Australia (RBA) on Tuesday lifted the benchmark rate by 0.25 percent to 4.6 percent, its highest since 2011.

The RBA said inflation remained elevated and that previously flagged “upside risks” had materialised, including higher energy prices due to the United States-Israel war on Iran and rising tech costs.

“There continue to be heightened uncertainties about the outlook for domestic economic activity and inflation,” the bank’s monetary board said in a statement.

“The Middle East conflict remains unresolved, and there are scenarios where inflation is higher and activity lower than forecast,” it said.

“Global oil supply disruptions are maintaining upward pressure on global and domestic energy prices and inflation. A period of prolonged uncertainty may also cause growth to be lower overseas and in Australia.”

Australia’s annual rate of inflation stood at 3.5 percent in July, well above the central bank’s 2–3 percent target.

Central banks typically raise their benchmark interest rate when policymakers believe prices are rising too fast.

Higher interest rates raise the cost of borrowing, including mortgages, cooling consumer demand and bringing down inflation.

The latest hike is set to heap further strain on Australian households already grappling with three previous increases this year.

In a research report earlier this month, Roy Morgan said nearly one-third of Australian mortgage holders, or nearly 1.8 million people, were at risk of “mortgage stress” – where households spend 25-45 percent of after-tax income on payments – as of July.

Australia’s Treasurer Jim Chalmers, who is not responsible for setting interest rates, acknowledged that the hike would mean greater hardship for many Australians.

“We know a lot of Australians are under pressure and this will make things harder,” Chalmers said in a post on X.

“Inflation and interest rates are going up around the world but we know that doesn’t take the sting out of today’s decision.”

Chalmers said the government would take responsibility for “our part of the fight against inflation”.

“That means continuing to manage the budget responsibly, rolling out tax cuts and cost of living help, and addressing the longer term challenges in our economy in an uncertain global environment,” he said.

DEVELOPING STORYDEVELOPING STORY,

OpenAI has cancelled the release of its latest AI model over safety concerns, according to media reports.

The move to scrap the release of GPT-6.1 Astra, reported by the Wall Street Journal and CNN on Monday, comes amid heightened concerns about AI’s potential to do catastrophic harm following a slew of incidents involving AI agents going rogue.

More to follow…

Gold hits seven-week low; silver follows suit and records a nearly 5 percent loss.

Gold prices are falling as concerns of rising fuel prices stoke inflation worries on the back of the war between the United States and Iran.

Spot gold prices fell by 3.3 percent to reach a more than seven-week low at $4,146.51 per ounce on Monday.

Rising oil prices, a higher US dollar and Treasury yields stoked inflation concerns, creating further headwinds for the metal.

This is the lowest level for gold values since August 5. US gold futures also fell by 3.3 percent to $4,178.40.

Although gold is traditionally considered an inflation hedge, higher interest rates dent ⁠its appeal as investors prefer yield-bearing assets.

“There might be no notable direct impact on regular people due to that. However, investors who had turned to gold will see a hit, especially under the current high inflation rates,” Sherif Othman, CEO of the Maryland-based Poise Investment Advisors, told Al Jazeera.

“Gold does not yield interest, so when Treasury yields go up, investors turn away from gold, impacting its value”, he added.

The Fed lifted benchmark rates by a quarter ⁠percentage point earlier this month and flagged that at least one more hike is likely in the coming months.

The US dollar was steady near a two-month high, and oil prices spiked about 3 percent as US President Donald Trump rejected an Iranian offer ⁠to resolve the conflict and reopen the Strait of Hormuz.

Such factors triggered several policymakers to warn that inflation risks remain elevated and that interest rates may need to rise, with Cleveland Fed President Beth Hammack among the latest officials to reiterate that view.

Higher Treasury yields and the US dollar are “creating a perfect storm to push the metals prices sharply lower,” according to Jim Wyckoff, a market analyst at American Gold Exchange.

Spot silver also fell by 4.7 percent to $61.27 per ounce, platinum declined 2.9 percent to $1,726.30 and palladium lost 4.4 percent to $1,211.45.

Amid tight Iowa midterm races, President Trump emphasises steel industry revival with project announcement.

Just weeks before the midterm elections, United States President Donald Trump has announced that a Minnesota-based steel manufacturer intends to build a $15bn steel mill project in Iowa, as the White House tries to highlight its focus on domestic manufacturing.

On Monday, joined by executives from Mesabi Metallics, which recently opened Minnesota’s first new iron ore mine in 50 years, Trump announced the project. It is expected to begin production in 2030 and could bring more than 1,700 jobs to the region, with an initial production capacity of 7.5 million tonnes per year.

The first phase of construction for the project will generate 5,000–6,000 construction jobs, a White House official told Al Jazeera.

The plant in Iowa will use iron ore from the Mesabi Iron Range in nearby Minnesota. Mesabi, which is owned by Indian conglomerate Essar Group, invested more than $2.5bn to build the mine in Minnesota.

“President Trump is delivering on his promise to rebuild American industry, re-shore manufacturing, and create new jobs. Today’s announcement underscores the president’s historic efforts to revitalize the US steel industry—supporting local communities, strengthening supply chains, and protecting our national security,” White House Spokeswoman Taylor Rogers said in a statement to Al Jazeera.

The steel industry has loomed over the first half of Trump’s second term in office. The president imposed 50 percent tariffs on steel and aluminium imports last year in an effort to boost domestic production, but also threatened to increase prices of products that use those materials, from soda cans to washing machines to cars.

“These are your 232 tariffs, the steel tariffs at work. Without those tariffs, this mine does not get built, and this steel plant does not get built”, US Commerce Secretary Howard Lutnick said in the Oval Office on Monday.

Trump also solidified the US government’s stake in US Steel, which was acquired by Japan’s Nippon Steel in June 2025. As part of the deal, the US government received a so-called “golden share”, which gives the president the authority to appoint a board member to weigh in on decisions that would impact domestic steel production.

Midterm stakes

The announcement comes a little more than a month ahead of the US midterm elections, and the economy is top of mind for US voters.

Among Republicans, Trump is losing steam on his handling of economic issues, with a new September 21 Ipsos poll finding that 56 percent approve of his handling of the economy, down from 80 percent.

Iowa is in play as a seat Democrats could flip in the midterm elections, with Republican Ashley Hinson facing Democrat Josh Turek in November and with polls suggesting a tight race.

Hinson joined the president in the Oval Office for the announcement.

A poll conducted by the Republican-aligned pollster the Trafalgar Group showed Hinson with a two-point lead, while an InsiderAdvantage poll, which is considered more nonpartisan, found Turek leading by two points.

California jury finds Apple infringed two Taction patents but did not willfully violate them; Apple plans to appeal.

Apple has been ordered to pay more than $5.7bn for using patented technology from Taction Technology to power haptic feedback, the vibrations users feel when they receive a notification or press a button.

A jury in federal court in the Southern district of California found that the iPhone maker infringed two patents owned by the San Diego-based company.

“We’re happy the jury found for Taction and vindicated its patent rights,” said Taction attorney Lance Yang following the verdict on Friday.

The verdict is the culmination of a legal battle that began in 2021, when Taction first filed its lawsuit against Apple. In 2023, a federal judge ruled that Apple had not infringed Taction’s patents, but an appeals court revived the case last year.

“Apple is capitalising on Taction’s innovation and success by selling devices that infringe Taction’s patents. Apple is utilising Taction’s patented inventions without license or authority from Taction. Taction has brought this action to remedy Apple’s infringement,” Taction said in the original 31-page complaint.

It also claimed that Apple “at a minimum believed there was a high probability that the accused products were covered by Taction’s patents, but willfully blinded itself to Taction’s patents and the infringing nature of the Accused Products”.

The jury, however, found that Apple did not wilfully infringe the patents.

Apple said it plans to appeal the verdict.

“Apple’s Taptic Engine is fundamentally different from Taction’s technology, which Taction’s own testing of Apple’s products confirmed during trial,” Apple said in response.

The verdict comes at a pivotal moment for the company, amid transitions in its C-suite. In September, John Ternus took over as CEO from Tim Cook, who led Apple for 15 years. The leadership change comes as the Cupertino, California-based tech giant lags behind other major technology companies in rolling out its artificial intelligence products.

Apple shares fell on Monday, declining about two percent as trading got underway.

Beef prices are soaring in China. Across the Pacific Ocean in the United States, cattle farmers are complaining that their businesses are becoming increasingly unsustainable. And in India, poultry rearers are slashing their production targets because they cannot afford feed.

More than 90 percent of the world’s population eats meat in one form or another — and a looming meat crisis threatens to affect what they buy at the market, what they cook at home, and what’s served on the table.

At the heart of this is a chain of decisions and uncertainties that consumers rarely see. A cow has to be raised for years before it can become beef. Chickens need feed, much of it tied to global grain and soya bean markets. Farmers need land, water and weather conditions that allow them to keep animals alive and productive.

When any link in this chain is disrupted, a spiralling crisis ensues.

So what is putting the pressure on meat production, and what does it mean for billions of people around the world?

Declining cattle stocks in Brazil, US and China

Brazil, the US and China are the world’s three biggest beef producers, together supplying more than half of the world’s beef. But their cattle herds are shrinking at the same time.

According to a March estimate by the US Department of Agriculture (USDA), Brazil’s total herd this year is estimated at 177.4 million cattle — a nearly 8 percent drop from 192.5 million in 2024.

Over in the US, cattle numbers are at a historic low.

The USDA counted 86.2 million cattle and calves on farms on January 1, 2026. The number of beef cows — the females needed to produce future calves — was 27.6 million, down 1 percent from a year earlier. The 2025 calf crop was also down 2 percent.

In China, the USDA estimated a cattle head count of 94 million in January 2026, down 14 percent from 105 million in January 2024.

In all three cases, beef production is also projected to be down in 2026.

The USDA predicts a 2 percent decline in Brazil’s beef production and a 5 percent fall in exports. As for the US, beef production in 2026 is likely to be 4 percent lower than last year. China’s total beef supply this year is projected to be 12 percent lower than 2024.

The decline in domestic production, coupled with shrinking supplies that can be imported, has sent prices soaring in China — the world’s largest beef consumer and importer.

What’s driving down cattle herds and beef production?

The reasons are many, and they vary from country to country.

Brazil counts China and the European Union as two major markets for its beef exports. But both have imposed import restrictions that have disincentivised Brazilian beef manufacturers. That is partly responsible for the country’s decreased cattle head count, according to an analysis by Augusto Neto at S&P Global, the market intelligence firm.

Additionally, Brazil is currently in what is known as a cattle reversion cycle — when rearers reduce the slaughter of animals and instead try to preserve their female stock to help rebuild their herd — according to the USDA.

In the US, droughts have hit 60 percent of the country’s cattle-rearing area, according to a report by Sampad Nandy of S&P Global. With grazing areas decreasing, feed costs have risen.

Three major organisations, representing breeders in the states of Texas, Oklahoma and Kansas, issued a joint statement this week arguing that Immigration and Customs Enforcement (ICE) raids were disrupting their already strained operations. The meat industry depends heavily on immigrant workers.

If beef prices are rising, shouldn’t rearers want to produce more beef?

In theory, yes. But in practice, high prices do not automatically mean that more cattle can be produced quickly.

Cattle production is constrained by biological supply cycles, Kenneth Foster, professor of agricultural economics at Purdue University, told Al Jazeera. It can take a couple of years for a producer who receives a signal from the market to expand production and actually see the resulting animals enter the beef supply. The quickest way to rebuild a herd is to keep female cattle that might otherwise have been sold and use them for breeding. That is what Brazil is now doing.

But that creates a difficult economic calculation. A producer can sell an animal today at a high price, or keep it for breeding and wait for the next generation. That means carrying the costs and risks of keeping the animal while waiting for it to reproduce.

The result is a market in which strong demand and limited supply can persist even when prices are already high.

The USDA expects the cattle herd to begin rebuilding in the US, but the process is gradual.

The US and Brazil cases illustrate one of the central problems facing meat production: sometimes the constraint is not technology, land or money.

It is time.

Europe’s move from beef to poultry

Meanwhile, Europe presents a different picture. The continent is witnessing a structural change in what consumers are eating.

The EU produced about 42.7 million tonnes of meat in 2025. But EU meat production is projected to decline by about 3 percent between 2025 and 2035, with beef production projected to fall by 10 percent and pork by 7 percent. Poultry is the exception: production is projected to rise by 5 percent.

This shift is also visible in consumption.

Consumption of EU beef and pigmeat is projected to decline through 2035, while poultry consumption is expected to increase by 9 percent.

Beef and pork require longer production cycles and face different economic and environmental pressures. Poultry, by contrast, can respond much more quickly to changes in demand because chickens reach market weight within weeks rather than years.

That difference is becoming increasingly important. The OECD-FAO Agricultural Outlook expects poultry to be the fastest-growing major meat category globally over the next decade, helped by its relatively low cost and short production cycle.

Europe is therefore becoming an example of how a meat system can adapt without simply producing more of everything. Some forms of meat become harder or more expensive to produce, while others expand to fill part of the space.

Poultry has problems too — as India shows

Yet the poultry industry faces its own challenges, with India offering an example.

In June, a large section of India’s poultry industry announced plans to cut production by 25 percent after soya meal prices rose by more than 40 percent in a month.

The decision was announced by the All India Poultry Breeders’ Association after producers faced sharply higher feed costs and a seasonal decline in demand. Producers also began culling parent breeder stocks — birds needed to produce future generations of poultry.

Soya meal is an important protein source in animal feed. When its price rises sharply, poultry producers face a choice: absorb higher costs, raise prices, or reduce the number of birds they produce.

In India’s case, producers chose to cut production.

The consequences extended beyond individual farms. The Reuters news agency reported in May that Indian soya meal prices had risen 41 percent in one month to a four-year high of 66,000 rupees ($687.5) per tonne. India subsequently cancelled 25,000 tonnes of soya meal export contracts and began turning to soya bean imports from African countries.

The takeaway: a shock in one part of the agricultural system can move quickly through the meat supply chain globally.

As farmers try to protect their livelihoods and families try to keep food on the table, changing climates, rising prices, shifting dietary preferences and growing trade barriers are together reshaping the future of meat — and what we eat.

The United States and China have unveiled a list of goods recommended for reduced tariffs following last week’s summit between Presidents Donald Trump and Xi Jinping.

The release of the list on Sunday comes after Trump and Xi agreed to work towards lowering tariffs on $60bn worth of trade.

The agreement, which covers $30bn of each side’s imports, identifies 77 Chinese goods and more than 1,600 US products to be considered for more favourable tariff treatment.

Chinese goods on the list include microwave ovens, fish hooks, artificial flowers and weighing scales.

US exports identified for lower tariffs include poultry, dairy products, noodles, eggs, peanuts, canned tomatoes, pure-breed breeding horses, and silk.

US Trade Representative Jamieson Greer said the agreement would improve market access for about 30 percent of US exports to China and also benefit US consumers.

“The Trump Administration will continue to pursue fair, balanced, and reciprocal trade with China by ensuring compliance with commitments on agricultural and energy purchases, pursuing balanced trade in non-sensitive goods, and securing market access for American farmers, manufacturers, businesses, and workers,” Greer said in a statement.

China’s Ministry of Commerce, which confirmed the list on Monday, shortly after the White House announcement, said the sides would discuss “a reciprocal tariff reduction framework of $30 billion for $30 billion, aiming to reach a consensus”.

“This arrangement will help stabilize China-US trade, create better conditions for Chinese exports of relevant products to the US, meet domestic market demand, and strengthen trade cooperation in agricultural products, energy, manufactured goods, and consumer goods,” the ministry said in a statement.

While Trump and Xi’s summit was heavy on pomp and ceremony, their talks wrapped up on Friday with few concrete announcements on the myriad divisions between the superpower rivals, which span everything from trade to artificial intelligence and Taiwan.

Trump and Xi, who have held three face-to-face summits since last October, are expected to meet again at the Asia-Pacific Economic Cooperation (APEC) summit in Shenzhen, China, in November, and the Group of 20 gathering in Miami, Florida, in December.

Trade between the US and China, the world’s two largest economies, has declined substantially since Trump, a longtime critic of free trade policies, returned to the White House in January last year.

Two-way trade totalled $495bn in 2025, down 25 percent from the previous year, according to the US Trade Representative.

Deborah Elms, head of trade policy at the Hinrich Foundation in Singapore, said the latest announcement did not point to a major shift in US-China trade.

“Instead, both sides have largely listed goods that do not move the needle on overall trade flows,” Elms told Al Jazeera.

“They may reduce some prices in the US for consumers, but none is going to make a dramatic difference in inflation figures or result in meaningful sighs of relief by most US buyers,” Elms added.

“The same is broadly true with the Chinese list. Although there are many different agricultural products on the list, most are not actually exported to China or not exported in meaningful quantities.”

Private dinner will be the first one-on-one meeting between the two men, according to reports.

Anthropic CEO Dario Amodei is set to dine one-on-one with US President Donald Trump at the White House.

The meeting on Sunday evening, confirmed by Trump, comes after months of open conflict between the artificial intelligence startup and the Trump administration.

The private dinner would be the first one-on-one meeting between the two men, according to US media, including Axios, which first reported the dinner.

Trump confirmed the dinner on Sunday evening and reaffirmed his stance against slowing the pace of AI development.

Trump also reiterated his belief that new regulations would open the door for China to outpace the United States in AI advancement.

Although he acknowledged Amodei’s concern that going too fast on artificial intelligence could expand risks, Trump said it was more important for the US to maintain a technological edge over China.

“We’re about maybe a year and a half up on China,” Trump told Fox News while attending the Presidents Cup golf tournament in Illinois.

“We’re leading, and we’re building tremendous, trillions of dollars’ worth of places. And why should we give that up?”

The meeting comes two days after a federal appeals court upheld the Pentagon’s decision to classify Anthropic as a “supply chain risk”, which prohibits the US military from using its models.

The startup was sanctioned by the Trump administration after refusing in February to allow its tools to be used for fully autonomous weapons or domestic mass surveillance.

Trump also badmouthed Amodei, saying he was trying to be “a perfect little angel” after the Anthropic chief called for a pause in AI development.

Amodei was absent from the state dinner held for Chinese President Xi Jinping on Thursday, attended by AI industry leaders, including Amodei’s rival Sam Altman of OpenAI.

Despite mounting calls to slow down AI development due to the risk of losing control of the technology, the US government believes that the sector’s major players – OpenAI, Anthropic, Google, and Meta – cannot afford to slow down for fear that China will gain the upper hand.

Trump and Mike Johnson, the speaker of the House of Representatives, are set to meet with leading AI executives on Tuesday.

The US president said he would end a so-called ‘EV mandate’ that steered consumers to electric vehicles.

United States President Donald Trump has announced new fuel economy standards that roll back requirements adopted under his predecessor, arguing they will lower automobile prices and encourage manufacturers to expand production in the US.

In a social media post on Saturday, Trump said the new standards would “TERMINATE” what he called former US President Joe Biden’s “EV (electric vehicle) mandate”, accusing the previous administration of imposing costly requirements on carmakers and steering consumers towards electric vehicles.

“These new Standards will take the waste out of building cars in America. That means LOWER PRICES, saving families thousands on a new, beautiful, and safe car,” Trump wrote.

The changes form part of a broader Trump administration effort to reverse Biden-era policies supporting lower-emission vehicles, increasing the gap between US policy and global trends favouring electric vehicles.

While Trump and US Republicans have used the term “EV mandate” to describe higher fuel efficiency requirements instituted under Biden, a Democrat, there are no federal guidelines or laws that require Americans to buy electric cars or bar the sale of ones powered by petrol.

At the centre are Corporate Average Fuel Economy (CAFE) standards. This system, established by the US Congress in 1975, requires automakers to meet average fuel economy targets across all cars and light trucks they sell, meaning that a brand that sells an inefficient vehicle would also have to sell a more efficient one to help comply with the government’s standards.

Under rules finalised by the Biden administration in 2024, the required fleetwide fuel economy was scheduled to rise from 39.1 miles per gallon (mpg) to about 50.4mpg by 2031. The administration said then the measures would reduce fuel consumption and emissions to combat climate change while helping motorists save money at the pump.

As a result, auto manufacturers have ramped up production of EVs to help meet the Biden-imposed fuel economy requirements. The Republican-controlled US Congress, however, gutted consumer tax incentives last year for electric vehicles as part of Trump’s One Big Beautiful Bill Act.

Trump did not provide details regarding what the new fuel economy standards would be. But in December 2025, he announced a proposal that would set the industry fleetwide average for light-duty vehicles at roughly 34.5mpg by 2031, more than 30 percent lower than the Biden-era rule.

In a reposting of Trump’s announcement, US Transportation Secretary Sean Duffy said an announcement would be “COMING MONDAY”.

Al Jazeera has reached out to the White House for comment.

Diesel prices have hit record highs as the tensions between the United States and Iran, along with the war between Russia and Ukraine, disrupt key oil and fuel trade routes.

On Friday, the average price for a gallon (3.79 litres) of diesel was $6.50, up from $5.61 a month earlier, according to the American Automobile Association (AAA), which tracks fuel prices daily.

The spike has prompted the administration of US President Donald Trump and Republican lawmakers to consider restricting US diesel exports ahead of upcoming midterm elections.

A Reuters/Ipsos poll conducted in August found that 47 percent of voters said the cost of living was the single most important factor in deciding how they would vote in the midterms — more than twice the share who cited the next-most important issue, “democratic values and norms”.

A new Marist poll also found that Americans have more confidence in Democrats than Republicans to handle the economy, with 42 percent choosing Democrats compared with 34 percent for Republicans.

Amid that voter sentiment, US Energy Secretary Chris Wright said on Thursday that he was in touch with major oil refiners to gauge interest in a potential voluntary restriction on diesel exports, according to the Reuters news agency.

That followed remarks by Trump on Tuesday that he supported restricting diesel exports from the US, the world’s largest diesel exporter.

Energy analysts and industry groups have warned that an export ban could have unintended consequences, potentially pushing up fuel prices in the US and abroad.

Why are diesel prices so high?

Even though the US is the world’s largest diesel exporter, diesel is traded on a global market.

Disruptions to refineries in Russia and the Middle East have reduced the amount of fuel available worldwide, putting more pressure on US producers to fill the gap. In Russia, for example, drone attacks have damaged major refineries, forcing a cutback or halt in production.

“While US refineries are running at full tilt and higher than normal, the global gaps remain,” Rachel Ziemba, senior adjunct fellow at the Center for a New American Security, told Al Jazeera.

It comes as US diesel supplies are also shrinking. As of September 11, inventories had fallen to 107.9 million barrels, the lowest in more than four decades, according to the US Energy Information Administration.

With global supplies tightening, diesel prices have risen around the world — including in the US. Because American producers can sell their fuel into the global market, they are drawn to the soaring global prices rather than simply setting a lower price for domestic consumers.

Why is the US considering an export ban?

In Washington, DC, leaders have flirted with the idea of pushing US companies to stop or slow exporting diesel.

Republicans have been pushing for a slowdown or outright ban of exports in an effort to lower costs for consumers ahead of the pivotal midterm elections, where cost of living is becoming a critical issue.

Such a move, they hope, would reduce local diesel prices, which is significant as diesel is used in trucks to haul food and most products, Ziemba said, adding that US diesel exports are equivalent to about 40 percent of domestic consumption.

On Tuesday, Chuck Grassley, a Republican from Iowa, called on the president to put in place a temporary halt on exports.

“I encourage President Trump to put a temporary embargo on diesel exports through executive action,” Grassley said.

Republican Senator Dan Sullivan of Alaska made a similar call: “The cost of diesel is just too damn high. I’m calling for a temporary pause of American diesel exports so that we can rebuild our reserves ahead of winter,” Sullivan said in a statement on Tuesday.

In the House of Representatives, Congressman Tim Burchett of Tennessee introduced two bills that would restrict US diesel exports: One would impose a ban through January 2027, while the other would restrict exports if the national average price reaches $5 a gallon.

The administration has not made any official policy announcements, and the White House told Al Jazeera that the president is evaluating all options.

Oil and gas industry experts say that a ban could drive up prices rather than bringing them down.

“Diesel trades on a world market, just like corn. farmers don’t sell cheaper to Americans, and refiners can’t either since they buy crude at global prices. force a lower price and they’ll make less diesel. less supply means higher prices, not lower,” Patrick De Haan, head of petroleum analysis at GasBuddy, said in a post on X.

How would an export ban work?

A ban would prevent or restrict US refiners from selling diesel to buyers overseas, theoretically leaving more fuel available in the domestic market.

Analysts at Wood Mackenzie, a research and consulting firm, say that keeping more diesel stateside would ultimately fill up US storage tanks but also force refineries to cut production. That could affect other markets that rely heavily on US fuel, including Latin America and Europe, forcing them to compete with other global buyers for supplies and driving up prices for the global market.

Wood Mackenzie says China is the only major producer with enough spare refining capacity to potentially make up much of the shortfall.

“China is currently the only country with material spare refining capacity that could cover the loss of US refinery throughputs. However, China may well decide it is not in its interest to intercede,” analysts said.

Wood Mackenzie has warned that a ban could quickly fill US diesel inventories, forcing refiners to cut crude runs and potentially increasing US petrol imports.

That was also the view of an S&P Global analysis, which found that a complete ban could also mean that production would be reduced as storage capacity is filled up with unsold diesel. According to the analysis, that could lead to production cuts of as much as 750,000 barrels a day, which could put the US into being a net importer of petrol in the fourth quarter of this year.

Who would an export ban affect?

An export ban would affect US refiners and consumers, as well as countries that rely on US diesel.

“They [export bans] may provide temporary relief, but diesel is a global commodity. Treat one part of the system, and the effects travel elsewhere. Trade-offs are inevitable. Refiners are unlikely to cheer a blanket ban. Voluntary, controlled export reductions would generally be less disruptive in the short term,” Maksim Sonin, visiting scholar at Stanford University’s Precourt Institute for Energy, told Al Jazeera.

Disruptions to US exports could reduce the amount of fuel available on the global market. Wood Mackenzie analysts say countries in Europe and Latin America that rely heavily on US fuel could be forced to compete with other producers for supplies.

“If implemented, it would lead to European and Asian product prices increasing as the buyers of US fuel, mostly in Latin America, scramble to find new supplies, bidding up supplies. European crack spreads could widen, and overall we might see more disruptions,” Ziemba added.

“Given these issues, the US may opt for a mixture of carrots and sticks aiming to incentivise refineries to keep producing, perhaps including penalties if they cut production. There may be voluntary export quotas rather than a formal ban, and there may be exemptions for countries that provide crude oil to the US, like Mexico,” Ziemba said.

That could put pressure on consumers not only at the petrol pump but in the skies as well.

Airlines for America, an airline industry trade group, has also warned that an export ban could lead to higher prices for airlines and travellers, according to the Reuters news agency. The trade group did not respond to Al Jazeera’s request for comment.

The broader concern from analysts is that restricting exports could reduce US refinery production rather than simply redirecting diesel to US consumers, potentially putting upward pressure on fuel prices both domestically and internationally.

“It’s unlikely to help US consumers much given how it fails to solve underlying problems and could backfire if refineries hold on to production. The best way to address this is to end the conflicts prompting the shortages,” Ziemba said.

The lawsuit comes two months after the state filed a similar lawsuit against competitor Kalshi.

New York State has filed a lawsuit against prediction market company Polymarket amid allegations that it violated state laws against illegal gambling.

The suit, filed on Thursday by New York State Attorney General Letitia James, comes two months after the state filed a similar lawsuit against competitor Kalshi. That followed the state suing Coinbase and Gemini for offering users the ability to bet on “sports, entertainment, and elections, in violation of New York laws”, according to a release from the attorney general’s office at the time.

The state accused all the companies of operating without licences from the State Gaming Commission.

“Our gambling laws exist to protect New Yorkers, prevent the potential harms of problem gambling, and ensure funding for educational and public benefit programs,” James said in a statement announcing the suit.

“By skirting New York’s laws, Polymarket is targeting the most vulnerable and depriving New York families of critical services and support. My office will never hesitate to take action to defend our laws and keep New Yorkers safe.”

The suit also alleges that the company encouraged gambling among young people. It accuses Polymarket of targeting users as young as 18, while state law requires users to be at least 21 years old to take part in mobile sports betting.

“By running an unlicensed gambling operation, Polymarket has done more than just knowingly violate state law, they have put New Yorkers at risk, especially those underage who are most vulnerable to problem gaming,” New York Governor Kathy Hochul said in a statement.

The more than 30-page lawsuit claims that Polymarket, which is valued at more than $20bn, has advertised sports betting in particular since July 2025. It pointed to a post on X from August 17, 2025, about the launch of its US mobile app that said it was “BAD NEWS (For sportsbooks)”.

Prediction markets allow users to wager on so-called event contracts, covering political events, sports, elections and even award shows. Concerns about the role of prediction markets came to a head earlier this year when wagers were made in the hours before the United States and Israel first struck Iran, prompting widespread backlash in Washington.

Polymarket pushed back on the allegations.

“We chose to engage with them directly on the substance and address their concerns,” chief legal officer Neal Kumar said in a statement.

“They preferred the media hit. Any time the [attorney general’s] office wants to swing by, our door is open for a conversation about how we protect consumers and offer fair, transparent and legal markets.”

Kalshi is facing similar allegations in New York State. Kalshi has been critical of reporting on lawsuits against it and allegations that it is akin to a sports betting or gambling platform.

Polymarket did not respond to Al Jazeera’s request for comment.

The Polymarket lawsuit comes days after reporting from the Wall Street Journal that alleged a wave of users had linked stolen bank debit cards and then used them to make wagers, effectively draining the accounts. According to the report, when CEO Shayne Coplan was made aware of the issue, he responded: “Just keep growing and pay a fine if regulators ever find out.”

Political pressure

New York State’s lawsuit joins a growing list of states that have sued prediction market platforms, including Arizona, Massachusetts, Nevada and many others. Those states are at odds with the federal government, as the Commodity Futures Trading Commission has claimed that the federal agency exerts authority over the regulation of prediction markets.

Polymarket has close ties with the family of US President Donald Trump. The prediction market platform has investment from 1789 Capital, a venture capital firm backed by Donald Trump Jr, the president’s eldest son, who also serves on the company’s advisory board.