U.S. sanctions Turkish bank over Iran ties.
Today's events
Turkish bank blacklisted.
Treasury designated Türkiye-based Golden Global Bank under Executive Order 13902, the newest step in Operation Economic Outcast, the campaign to cut the Iranian regime off from the international financial system.1Sep 4 · StateAugust payrolls.
The White House reported 162,000 jobs added last month, nearly triple forecasts, with manufacturing up 16,000 — its best month in three years — and construction up 22,000.2Sep 4 · WHChrome engine flaw.
CISA added a type-confusion bug in Google Chromium's V8 engine to its exploited-vulnerabilities catalog on evidence of active attacks, ordering federal civilian agencies to patch exposed systems first.3Sep 4 · CISABeef market order.
Trump ordered tougher enforcement of livestock competition law and wider interstate shipment of state-inspected meat; the four largest packers now buy 85 percent of steers and heifers, up from 36 percent.4Sep 4 · WHProxy advisers.
The Justice Department withdrew a 1987 antitrust clearance letter to Institutional Shareholder Services, saying the foreign-owned firm now advises on corporate operations, not just governance votes.5Sep 4 · DOJEnergy emergency order.
A federal court upheld Energy Secretary Wright's Defense Production Act directive keeping the Santa Ynez pipeline running over California's objection; it carries more than a million barrels of crude monthly.6Sep 3 · DOJPost-quantum warning.
CISA and the Group of Seven cyber working group published a five-priority call for governments and companies to start migrating to encryption that quantum computers cannot break.7Sep 3 · CISAPhilippine alliance.
Gen. Caine met the Philippine armed-forces chief for the first time at the Indo-Pacific defense chiefs conference in Victoria, Canada, reaffirming deterrence in the South China Sea.8Sep 3 · Joint ChiefsBreast-cancer approval.
FDA granted accelerated approval to camizestrant for advanced breast cancer — the first cancer therapy cleared on a resistance mutation found in blood before scans show the disease progressing.9Sep 4 · FDA
This week
Venezuela oil deal.
Secretaries Rubio and Hegseth signed an agreement on September 2 giving the United States majority control of more than 65 billion barrels of proven reserves across 17 Venezuelan fields, most of them previously operated by Russian or Chinese companies. A new private firm, North American Blue Energy Partners, holds 100-year concessions on the fields; the War Department took a 35 percent equity stake in its parent.1Sep 2 · WHStrikes on Iran.
Central Command struck Revolutionary Guard air-defense, radar, maritime, mine-laying and communications sites across Iran on September 1, after attempted Guard attacks on commercial shipping in the Strait of Hormuz and on American service members.2 Three days later Treasury blacklisted Türkiye-based Golden Global Bank, part of the campaign to cut the Iranian government out of the international financial system.3Sep 1 · CENTCOMGroup of Twenty statement.
Twenty economies — China, Russia and the European Union among them — closed a two-day, Commerce-hosted ministerial in Chapel Hill on September 3 with a consensus statement and the “Carolina Principles” on artificial intelligence, intellectual property and supply chains. Commerce Secretary Lutnick called consensus in the group “no small feat.” The meeting ran the same week Washington took control of Venezuelan fields Chinese and Russian firms had operated.4Sep 3 · WHGrid emergency.
Executive Order 14421 declared a national emergency over the security of the U.S. bulk-power system, filed for Federal Register publication on August 31.5 It was one of two energy emergency authorities in play this week: a federal court on September 3 upheld the Energy Secretary’s Defense Production Act order keeping California’s Santa Ynez pipeline running over the state’s objection, carrying more than a million barrels of crude a month.6Aug 28 · Fed. Reg.FTC v. Amazon.
The Federal Trade Commission and 22 states sued Amazon on August 31 over an undisclosed surcharge added to its search-advertising auctions from 2019, which the complaint says cost more than a million brands and sellers tens of billions of dollars.7 It was one of three competition actions in the week; KKR agreed to a $250 million civil penalty for at least sixteen incomplete premerger filings.8Aug 31 · FTCTrade gap and jobs.
The July goods-and-services deficit widened to $88.6 billion from $71.2 billion, on a $14.4 billion jump in capital-goods imports — computers, computer accessories and semiconductors.9 The August jobs report followed at 162,000, with manufacturing up 16,000, its best month in three years.10 Fed Governor Waller said he would support holding rates on September 15 and 16 if disinflation holds.11Sep 3 · BEA
Allied Governments
Syria chemical weapons.
Britain told the Security Council it welcomed the first verified destruction of Syrian chemical munitions since 2014, and has committed more than $14 million to that work since December 2024.aSep 3 · UK FCDOIndia trade graduation.
India will leave Britain's Developing Countries Trading Scheme after a two-year transition, following the UK–India free-trade agreement.bSep 4 · UK FCDOFukushima water sampling.
Japan said nuclear-agency officials and laboratories from China, South Korea and Switzerland will collect samples on September 11, the eleventh such mission since October 2024.cSep 4 · Japan MoFA
Voices
“This action sends a clear message to financial institutions worldwide: facilitating Iran's illicit financial activity carries serious consequences.”
State Dept. press statement, Spokesman Tommy Pigott · Sept 41
“Tariffs are making people onshore activity; the expensing is making people want to invest like crazy, and that's creating construction jobs and also beginning to show up in factory jobs.”
National Economic Council Director Kevin Hassett · Sept 42
“This type of vulnerability is a frequent attack vector for malicious cyber actors and poses significant risks to the federal enterprise.”
CISA, Known Exploited Vulnerabilities Catalog · Sept 43
“States cannot stop the Executive Branch from acting pursuant to Congress's authorization, especially when it comes to ensuring American energy dominance.”
Associate Attorney General Stanley E. Woodward Jr. · Sept 36
“ISS and Glass, Lewis & Co. LLC … control more than 90 percent of the proxy advisory market.”
DOJ Antitrust Division statement on the withdrawn 1987 letter · Sept 45
“Women living with metastatic breast cancer face an uphill battle as their tumors continuously evolve to escape treatment. We owe them every weapon in our arsenal.”
Acting FDA Commissioner Kyle Diamantas · Sept 49
Sources
- U.S. Dept. of State, “U.S. Sanctions Dismantle the Iranian Regime's Revenue Streams,” September 4, 2026. state.gov/releases/…/u-s-sanctions-dismantle-the-iranian-regimes-revenue-streams
- White House, “Made in America: Manufacturing, Private Hiring Power Explosive August Jobs Report,” September 4, 2026. whitehouse.gov/releases/…/made-in-america-manufacturing-private-hiring-power-explosive-august-jobs-report
- CISA, “CISA Adds One Known Exploited Vulnerability to Catalog” (CVE-2026-85046, Google Chromium V8), September 4, 2026. cisa.gov/news-events/alerts/…/cisa-adds-one-known-exploited-vulnerability-catalog
- White House, “Fact Sheet: President Donald J. Trump Promotes Fair Competition in Livestock Markets and Expands Market Access for American Meat Producers,” September 4, 2026. whitehouse.gov/fact-sheets/…/fair-competition-in-livestock-markets
- U.S. Dept. of Justice (Antitrust Division), “Justice Department Withdraws Business Review Letter Issued to Proxy Advisory Firm,” September 4, 2026. justice.gov/opa/pr/…/withdraws-business-review-letter-issued-proxy-advisory-firm
- U.S. Dept. of Justice, “Federal Court Protects National Energy Security and Rejects Dangerous State Efforts to Obstruct Sable Offshore Corporation's Operation of the Santa Ynez Pipeline,” September 3, 2026. justice.gov/opa/pr/…/federal-court-protects-national-energy-security
- CISA (with the G7 Cyber Security Working Group), “Preparing for the Post-Quantum Era: A Call to Action,” September 3, 2026. cisa.gov/resources-tools/resources/preparing-post-quantum-era-call-action
- Joint Chiefs of Staff, “Readout of the Chairman of the Joint Chiefs of Staff Gen. Dan Caine's Meeting with Chief of Staff of the Armed Forces of the Philippines Gen. Antonio Nafarrete,” September 3, 2026. jcs.mil/Media/News/…/caine-meeting-philippines-nafarrete
- U.S. Food and Drug Administration, “FDA Grants Accelerated Approval to a New Breast Cancer Treatment,” September 4, 2026. fda.gov/news-events/press-announcements/…/accelerated-approval-new-breast-cancer-treatment
- UK Foreign, Commonwealth & Development Office, “Chemical weapons have no place in Syria, or anywhere in the world: UK statement at the UN Security Council,” September 3, 2026. gov.uk/government/speeches/…/uk-statement-at-the-un-security-council
- UK Foreign, Commonwealth & Development Office, “Country Graduation from the Developing Countries Trading Scheme: India,” September 4, 2026. gov.uk/government/publications/…/country-graduation-developing-countries-trading-scheme-india
- Japan Ministry of Foreign Affairs, “Additional Measures under the IAEA Framework Related to the Discharge of ALPS Treated Water into the Sea,” September 4, 2026. mofa.go.jp/press/release/pressite_000001_02625.html