Stirred

• Wall Street closed lower as oil prices surged, though the market still recorded overall gains for the month of August. • Brent crude experienced its strongest single-day increase since late July, driven by the resumption of military strikes between the U.S. and Iran. • Separate economic discussions highlight arguments that a significant appreciation of the Chinese yuan could reduce global imbalances and financial instability.

• The TSX closed 0.8% lower as escalating tensions between the U.S. and Iran weighed on investor sentiment, though the index maintained its fifth-month gain. • Brent crude oil prices surged, recording their strongest single-day performance since late July following the resumption of military strikes between the U.S. and Iran. • Separately, economists are debating whether a significant appreciation of the Chinese yuan is necessary to reduce global economic instability and fix China's massive trade surplus.

• The Supreme Court of India upheld the constitutional and legal validity of the Election Commission of India’s (ECI) Special Intensive Revision (SIR) of voter rolls. • A bench consisting of Chief Justice Surya Kant and Justice Joymalya Bagchi dismissed petitions that challenged the legality of the exercise. • The court ruled that the ECI possesses full authority to conduct the SIR under Article 324 of the Constitution and the Representation of the People Act, 1950.