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    "headline": "Oil Jumps Past $90 as US-Iran Escalation and Fed Hints Shake Markets",
    "dek": "Oil prices surged above $90 per barrel following renewed US-Iran tensions and hawkish Federal Reserve signals.",
    "prose": "The price of Brent crude oil exceeded US$90 per barrel on Monday after the United States resumed attacks against Iranian positions. [^1]\n\nThe United States attacked Iranian launchers on Larak Island near the Strait of Hormuz, and Iran subsequently retaliated with attacks against US forces. [^2]\n\nBank of America downgraded PG&E Corp from Buy to Neutral and cut its price target from $24 to $13 on August 31, 2026. [^3]\n\nPG&E Corp shares fell 20.06% to $13.27, hitting a new 52-week low of $13.09 on August 31, 2026. [^4]\n\nFederal Reserve Chair Kevin Warsh delivered a speech at Jackson Hole that was interpreted as harder than expected regarding inflation. [^5]\n\nBank of America cited California's SB 492 legislation as failing to address financing risks facing utilities under the state's wildfire liability framework. [^6]\n\nPG&E management warned that SB 492 lacks durability to attract affordable capital and requires a reassessment of capital allocation and long-term investment. [^7]",
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      "thread_label": "PG&E Corp",
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      "statement": "The price of Brent crude oil exceeded US$90 per barrel on Monday after the United States resumed attacks against Iranian positions.",
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