Daily Update — August 10, 2026
Adapting to Hormuz’s Effective Closure; IT Leadership Trends; and Private Credit’s Next Era
Today is Monday, August 10, 2026, and here’s your curated selection of Essential Intelligence on global markets from S&P Global. Subscribe to be notified of each new Daily Update.
Energy Expansion
More than 100 countries have adopted energy policies to adapt to Hormuz closure: IEA
The impact of the Strait of Hormuz’s effective closure on global oil supplies has prompted more than 100 countries to implement contingency plans. An International Energy Agency official said several governments have adopted energy conservation measures and introduced fuel subsidies and other price supports, while others have implemented structural policies to cut long-term fuel use, including electrification plans and renewable energy incentives.
"Demand-side measures are not enough to replace the sheer size of energy that's transiting through that strait, but it can dampen and moderate the impact," said Jérôme Bilodeau, head of analysis for the IEA's Office of Energy Efficiency and Inclusive Transitions, during a webinar hosted by the Center for Strategic and International Studies.
Artificial Intelligence
Next in Tech | Ep. 279: IT Executive Qualifications
Rapid advances in AI and automation, coupled with escalating cybersecurity threats, are reshaping what organizations expect from their IT executives. As IT professionals move up to more senior roles, they face challenges in establishing their qualifications as technical business people.
In this episode of the “Next in Tech” podcast, Steve Clarke, co-founder and director of Freeman Clarke, joined host Eric Hanselman to examine the skills and experiences that differentiate successful IT leaders amid rapid technological change. They explored how expectations of IT leaders are shifting toward technical depth, AI and the ability to align technical knowledge with business operations.
Private Markets
Five Trends Shaping the Future of Private Credit
Private credit has soared to over $1.7 trillion in global assets, but this growth is exposing challenges that echo classic financial cycles. As the market matures and regulatory scrutiny intensifies, transparency and robust valuation standards will be key to private credit’s next phase of growth, according to Luca Blasi, head of private markets and regulatory solutions at S&P Global Market Intelligence.
Blasi identified five key trends shaping private credit: the rise of nonbank lenders in areas where regulated banks retreat; more accurate evaluations of floating-rate and leverage risks; greater transparency through tools including standardized valuation frameworks; new macroeconomic challenges facing borrowers; and the growing importance of consolidation and standardization.
In case you missed it
- Six of the 11 stablecoins covered by S&P Global Ratings’ stability assessments have an adequate or above adequate ability to maintain their peg to their designated fiat currency.
- In July, Southeast Asia recorded its fastest manufacturing growth since the Middle East war began in February, while North America’s output growth fell to its weakest level since March.
- Shifts in government policies and El Niño-driven weather patterns are reshaping global rice markets, redrawing trade routes and altering the market dynamics for key importers and exporters.
Upcoming events
- U.S. Not-For-Profit Acute Healthcare - 2025 Medians & Sector Update | August 13 (Webinar)
- Shanghai Energy Briefing 2026 | August 18 (Shanghai)
- Q3’26 Outlook for U.S. Banks: How Oil Prices Could Impact the Fed’s Next Rate Move | August 19 (Webinar)
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