Reuters World News - US-Iran escalation, bond rout and Venezuela oil

Episode Date: September 2, 2026

The U.S. and ​Iran exchange the most significant attacks in weeks, with Washington threatening further escalation. Global bonds extend a rout that is raising borrowing costs to multi-decade highs. And the Trump administration pushes back against criticism of an oil deal with Venezuela. 📲 Podcasts, breaking news, and video analysis from the source. ⁠⁠⁠Download the Reuters app here.⁠⁠⁠ Listen to the Morning Bid podcast ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Sign up for the Reuters Econ World newsletter ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Listen to the Reuters Econ World podcast ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Visit the ⁠⁠Thomson Reuters Privacy Statement⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hi, I'm Carmel Crimmons in Dublin. And I'm Christopher Walgessper in Chicago. It's Wednesday, September 2nd, today. Iran says a U.S. attack has killed and injured civilians at a wedding celebration. A bond sell-off deepens as the conflict pushes up energy prices. And the USS Abraham Lincoln arrives in Thailand after 286 days at sea. This is Reuters World News, bringing you everything you need. to know from the front lines in 10 minutes, seven days a week.

A lull in the Iran war appears to be over, after the most significant exchange in weeks. Washington is threatening even more devastating strikes, while Iran is protesting an attack that it says killed and wounded several civilians at a wedding. With one man shown on Iranian state media lying in a hospital bed, saying the explosion happened when he arrived at the wedding. Official statements from Tehran say it struck US assets in Jordan and Iraq, with the Revolutionary Garz Corps saying it killed a large number of US forces in Jordan. But two US officials have told Reuters there are no reported casualties so far.

As the Middle East conflict pushes up energy prices, the bond market is feeling the pain. Mike Dolan from our sister podcast Morning Bid explains. The bond market itself goes on today. The rising energy prices have added fuel to that. that fire. We saw Brent crude, global crude oil price hitting as high as $97 a barrel this morning as exchanges resume in the Gulf between the US and Iran. And that just is one of a number of things affecting the bond markets. But the sell-off there is now concentrated in that economically sensitive 10-year Treasury area. And that 10-year sets the benchmark for mortgages and many home loans and other borrowings across the economy.

That's hit 4.8% its highest in three years today. Thanks, Mike, and you can catch morning bid wherever you get your podcasts. Google has dodged a breakup attempt. The U.S. Justice Department's efforts to dismantle Google's advertising technology business has been rejected by a federal judge in Virginia. That's despite a ruling last year, finding that the tech giant holds illegal monopolies in online ad markets. It's the third straight time a judge has.

blocked U.S. antitrust enforcers from dismantling big tech firms. It follows similar setbacks in cases against meta and Google's search business. The rulings raise questions about whether courts are willing to check industry consolidation, even when monopolies are found. After 286 days at sea, the USS Abraham Lincoln has docked in Thailand. The aircraft carrier's deployment in the Middle East included combat operations in the Iran War and reports of supply shortages and deteriorating mental health on board. Now roughly 5,000 personnel are descending upon the resort city of Pataia. And as our reporter Chalini Therasupa explains,

Thai business owners are excited for the influx of new customers, while officials are working hard to monitor the area's nightlife districts for illegal activity. In Patea, a fishing village partly transformed into a tourism center for U.S. servicemen during the Vietnam War. The nurses are hoping for a much-needed boost. Officials estimate each visitor could spend between about 30 to 90 US dollars per day. But the visit is also drawing attention to sex tourism in Pataya, despite prostitution being illegal in Thailand. Ahead of the carrier's arrival, police step up, patrols and carried out rates that led to doses of detentions over suspected prostitution.

Researchers say the influx of visitors could bring an economic point. boost, but also raises concerns about sexual exploitation and public health. Golf legend Tiger Woods has pleaded no contest to charges of reckless driving and refusal to submit to testing. That follows a March rollover crash near his home in Florida. The 50-year-old golfer's driver's license will be suspended for five years after reaching a plea deal in his DUI case. Deputies found two hydrocodone pills in his pocket after the crash and Woods failed field sobriety tests. The judge warned Woods that if he gets behind the wheel again,

for the safety of the public, he will immediately face jail time. Woods was also ordered to pay $1,500 in fines. Those deals will lead to a more than doubling of Venezuelan oil production in the next few years. That's U.S. Energy Secretary Chris Wright in Venezuela for a one-day visit. He's the latest member of the Trump administration to push back against criticism of U.S. oil deals with Caracas, including one that gives the U.S. access to roughly one-fifth of Venezuela's oil reserves. Venezuela's own ruling party-dominated National Assembly

has backed the pact. U.S. officials argue the deal is about more than energy. They say it could help counter Chinese and Russian influence and help support Venezuela's economy. Roider's White House correspondent Jared Renshaw has more. They clearly want to get China out of their sphere of influence. And not just oil, but in other places, but oil, most importantly, because China doesn't have access to crude oil. They don't have huge resources. So China is short crude oil and they need steady supply contracts. So having a footprint in Venezuela is a huge natural security plus for China because they don't have their own domestic resources of crude. So you kick China out, you take over those inventories. Not only have you kick China out, now you

have a say where that crude that's coming out of the round goes. And if you don't particularly like what China's doing, maybe you say, China, we're not selling to you. At the center of the agreement is businessman Alejandro Betancourt and his company North American Blue Energy Partners. Betancourt has been the subject of investigations by U.S. and European authorities. But U.S. officials say he was thoroughly vetted and faces no charges in the United States. You need Venezuela buy-in from the public to give this thing credibility. And does his involvement in that make that challenging? Does it make that impossible?

That's honestly for the Venezuelan people to decide. But it's certainly something we're watching. Canadian Prime Minister Mark Carney says there's still a chance to strike a trade deal with the U.S. And when the Americans stop doing memes, stop throwing shade, stop trying to be tough, and start being serious about having those discussions, we can have those discussions. But it's not constructive, but that's their democracy. Canada walked away from negotiations to avoid additional US tariffs late last month. Ottawa says Washington's last-minute demands were unacceptable.

Since then, President Trump has declared that Lake Ontario should be renamed Lake America. Apple has become the latest tech company to change the name of Lake Ontario to Lake America on the web version of its Apple Maps following Trump's executive order. The move follows a decision by alphabet to change the name of the lake on its Google Maps for US users. More US parents are skipping a routine vitamin K shot given to newborns. An exclusive data analysis for Reuters found the percentage of infants who didn't receive shot at birth jumped sharply this year.

The doctors we spoke to say the rise appears to be part of broader skepticism towards routine childhood medical care and that they're seeing the consequences. Doctors stress vitamin K is not a vaccine, it's given shortly after birth to prevent dangerous bleeding. Alison Bartlett is interim chief of pediatric infectious diseases at Comer Children's Hospital in Chicago. The downstream effect of that is that we are seeing some of these severe episodes of bleeding that I didn't see during my training because we were so much more diligent

with our eye in my key shots. Doctors warned that as refusals rise, more babies could face a potentially deadly condition that's largely preventable. For more in any of the stories from today, as well as more analysis and news shaping our world, check out roiders.com or the Reuters app. There's a link in the description to download it and start getting pure news straight from the source. Don't forget to follow us on your favorite podcast player.

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