An unprecedented deal for the U.S. to gain access to a fifth of Venezuela's oil reserves - and the central role a Venezuelan businessman will play - is ​prompting questions and hesitation from some oil companies evaluating potential investments in the country,

Vice President JD Vance says the U.S. is already seeing a significant increase in oil production out of Venezuela after the Trump administration secured a historic deal.

The deal gives the Pentagon a 35% ownership stake of the private company being created, and the State Department will get a guarantee to purchase 20% of the output at cost.

President Trump is downplaying concerns about a new oil reserve agreement with Venezuela that experts say could take years to get up and running. CBS News' Lilia Luciano has more.

U.S. futures are falling as American forces struck Iranian rocket launchers on the Strait of Hormuz, marking their first military action in a month

The price of oil is rising and U.S. stocks are falling after American forces struck Iranian rocket launchers on the Strait of Hormuz, marking the first military action in a month. Brent crude rose 2.5% Monday and is back above $90 a barrel.

Crude oil prices climbed sharply on Monday as renewed military tensions between the United States and Iran raised fresh concerns over energy supplies from the Middle East. The latest escalation, involving attacks and counterattacks,

Six months into the Iran-related conflict, Gulf oil disruptions helped push Brent crude higher earlier in the year and tightened supplies of diesel and jet fuel, while global equities climbed on AI-driven investment inflows.

Canadian Prime Minister Mark Carney vowed “dollar-for-dollar” tariffs in response to the United States’ 50% tariffs on $20 billion in Canadian goods after the two sides failed to reach a trade deal. Carney’s tit-for-tat measures,

As the U.S. and Iran traded more military strikes over the weekend, President Trump is also dealing with an escalating trade war with Canada.

Canadian officials say they targeted specific states and industries with retaliatory tariffs — such as those on food products, beverages and appliances — to apply political pressure on U.S. officials.

The president ranted about America’s northern neighbor not once, not twice, but three times on his Truth Social platform.

Private-equity giant KKR has owned USI Insurance since 2017.

Aon on Monday agreed to acquire insurance brokerage USI from private equity firm KKR for around $17 billion in cash. Why it matters: This will help Aon, one of the world's largest professional services firms,

Aon is near an agreement to buy insurance brokerage USI Insurance from private-equity firm KKR for roughly $17 billion, including debt, according to people familiar with the matter. A deal could be announced as soon as Monday,

Aon is nearing a roughly $17 billion deal, including debt, to acquire insurance brokerage USI from KKR, the Journal reported.

The company has faced tariff and duty changes in the U.S. and Europe, along with intense scrutiny of its business practices that hampered its attempts to list in New York and London.

Fast-fashion giant Shein slid in its long-awaited trading debut, as regulatory headwinds and slowing sales challenge a company once valued at about US$66 billion.

Shein shares fell sharply below their offer price on Tuesday as the fast-fashion retailer made its long-awaited trading debut in Hong Kong. The company had priced shares at HK$48.56 ($6.19) in the middle of its range,

Shares in fast-fashion online retail giant Shein have begun trading on Hong Kong’s stock exchange after a long delay

Russian President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting on the sidelines of the Shanghai Cooperation Organisation summit in Bishkek, Kyrgyzstan, August 31, 2026.

The shifting power status of the two leaders will be front and center on Monday, when they are set to meet in Kyrgyzstan.

Vladimir Putin said digital innovations, particularly AI, were creating new opportunities for Russia's economic development.

The two leaders' meeting took place in a "friendly and constructive atmosphere" and focused on bilateral Russian-Chinese ties, Kremlin spokesperson Dmitry Peskov said.