buyback

Published on
20/08/2026 – 8:19 GMT+2

Oil prices rose on Thursday, holding near their highest levels in weeks, as the deadlocked standoff between the United States and Iran kept supply concerns elevated in the Middle East.

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Brent crude, the international benchmark, rose 0.3% to $91.90 a barrel, while US benchmark crude edged up 0.2% to $84.57 a barrel.

Prices have climbed steadily since the start of August, when Brent was trading at around $87.38 a barrel, as the standoff over the Strait of Hormuz keeps supply concerns elevated even without any single new escalation.

Both benchmarks remain well above the barrel prices they were trading at before the war began.

Markets rebound on Treasury move

Global shares rallied on Thursday, reversing course after Wednesday’s heavy sell-off in artificial intelligence-related stocks, after the US Treasury Department said it would at least double the size of its buyback operations for longer-dated government debt, to $4 billion (€3.4bn) or more per operation, starting in September.

The move eased pressure on bond markets that had pushed yields to multi-decade highs in recent months, and lifted risk appetite across Asia.

South Korea’s Kospi surged 6.1% to 6,858.91, rebounding sharply after sinking 5.8% on Wednesday. Samsung Electronics jumped 9.7%, while SK Hynix surged 14.1% after the memory chipmaker announced a share buyback plan.

Japan’s Nikkei 225 added roughly 0.9%, while the Topix rose 0.8%, recovering some of Wednesday’s losses. Hong Kong’s Hang Seng gained 1.1% to 25,786.32, and the Shanghai Composite rose 0.3% to 3,905.23. Australia’s S&P/ASX 200 was up 0.3% to 9,066.40.

Bond yields ease from multi-decade highs

The yield on the 10-year US Treasury fell to around 4.64%, from 4.71% on Tuesday, while the 30-year yield dropped to 5.18% from 5.28% — pulling back from its highest level since 2007.

Yields have climbed in recent months on concerns over inflation stemming from the war in Iran and rising government debt.

Japan’s 10-year government bond yield, which had been trading near a three-decade high, fell to around 2.83% from more than 2.89% on Wednesday.

On Wall Street on Wednesday, the S&P 500 climbed 0.2% for its first gain in four sessions, snapping a three-day losing streak. The Dow Jones Industrial Average and the Nasdaq composite each added 0.2%.

The US dollar rose to 158.60 yen from 158.16, while the euro slipped slightly to $1.1676 from $1.1677.

Additional sources • AP

Australia introduced measures to reduce gun ownership following a deadly attack on Sydney’s Bondi Beach last year.

Australia’s prime minister has said that New South Wales will begin a gun buyback scheme in November as part of a nationwide response to last year’s deadly Sydney beach attack.

The gun buyback scheme will be accompanied by tighter checks for gun licences and ⁠a crackdown on hate, Prime Minister Anthony Albanese said on Sunday.

The measures targeting firearm ownership are a reaction to the December 14, 2025, gun attack at a Bondi Beach Hanukkah celebration in Sydney, New South Wales, that killed 15 people.

The alleged gunmen used powerful firearms that were legally obtained.

Australians owned a record ‌4.1 million firearms last year, the government has said, with more than 1.1 million of those in New South Wales, the country’s most populous state.

New South Wales’ gun buyback scheme is scheduled to start on November 2, and will see the state offer owners up to 1,000 Australian dollars ($700) per handgun or rifle handed in.

“Australians are quite rightly proud of our ⁠gun laws, but the fact is there are more guns in Australia today than there were at ⁠the time of dealing with the Port ⁠Arthur gun buyback,” Albanese said in televised remarks.

In the 1996 Port Arthur attack, a lone gunman killed 35 people and led to sweeping restrictions on ownership of automatic and semi-automatic firearms in Australia.

Since the Bondi Beach attack, New South Wales state has introduced its own laws limiting gun ownership to four guns per person.

Police say the attack was carried out by a father and son duo and was inspired by ISIL (ISIS). The surviving suspect, ‌Naveed ‌Akram, 24, is yet to enter pleas to several charges, including 15 counts of murder.