Oil Prices
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How Middle East Security Crises Drive Global Trade Deficits and Energy Costs
Escalating regional conflicts are forcing industrial economies to pay record premiums for oil, disrupting trade balances and fueling…
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How Iran’s Asymmetric Attacks Are Forcing a Global Reckoning on Strait of Hormuz Security
Iran’s indiscriminate strikes on commercial shipping in the world’s most critical oil chokepoint are reshaping naval defense strategies…
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How Insurers Are Forcing Ships to Pay a 300% Premium to Cross the Strait of Hormuz
With attacks rising, carriers now face surging war-risk costs—while rerouting around Africa adds $1.5M per voyage, reshaping global…
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IRGC Escalates Strait of Hormuz Threats Amid U.S. Election Tensions
Iran’s Islamic Revolutionary Guard Corps warns of sinking U.S. warships in the Strait of Hormuz as attacks on…
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Iran’s Strait of Hormuz attacks sink two cargo ships as oil exports plunge to 8.3 million barrels daily
Two vessels sunk near Strait of Hormuz in 24 hours amid Houthi escalation, cutting Middle East oil flows…
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80 Nations at UN Demand Strait of Hormuz Reopen, Condemn Houthi Attacks
UNITED NATIONS, September 24 — Eighty countries demanded the immediate reopening of the Strait of Hormuz in a…
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Ukraine’s Long-Range Drones Strike Russian Refineries
MOSCOW, September 22 — Ukraine has destroyed more than 45% of Russia’s projected refining capacity in a sustained…
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Trump Says Iran War Will End After November Midterm Elections
WASHINGTON, September 16 — President Donald Trump said Wednesday that he does not believe the war with Iran…
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Houthi Strikes on Saudi Cities, US Hits Iranian Tankers Escalate Mideast War
SANAA, Sept. 9 — Iranian-backed Houthi forces in Yemen struck four cities in southern Saudi Arabia on Tuesday,…
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U.S. Strikes Iranian Rocket Launchers Amid Gulf Tensions Trigger Oil Price Surge
Washington, March 15 — The United States launched targeted strikes on Iranian rocket launchers in the Gulf, marking…
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Six months on, Iran faces intensified economic siege amid leadership vacuum and sanctions surge
Tehran, August 28 — Six months after the U.S. and Israeli strikes began on February 28, Iran remains…
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Iran Survives US Sanctions, But Economic Costs Mount After Six Months
Tehran, August 28 — Six months after the United States and Israel launched a coordinated military campaign against…
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Iran’s economy struggles six months after sanctions, costs rising for citizens
TEHRAN, August 28 — Six months after the United States and Israel launched coordinated strikes against Iran on…
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US to Enforce Strictest Sanctions on Iran, Seeks Chinese Cooperation
Washington, August 20 — The United States is set to impose its most stringent sanctions on Iran to…
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Escalating Tensions in the Middle East: How a Potential Iran War
WASHINGTON, Aug 1 — Global economic institutions are now modelling a scenario they once treated as worst-case contingency…
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Saudi Arabia faces Houthi blockade threat, responds
RIYADH, July 20 — The Houthi movement has threatened to block Saudi shipping in the Red Sea, a…
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Ukraine Strikes Russian Tankers, Oil Sites; Zelensky Announces
KYIV, July 19 — President Volodymyr Zelensky announced today that Ukrainian forces struck three shadow fleet tankers in…
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From the Tanker War to Houthi Missiles: Strait of Hormuz Flashpoint
WASHINGTON, July 19 — A narrow ribbon of water, the Strait of Hormuz has been a global flashpoint…
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Iran-linked threats raise alarm over Bab el-Mandeb strait’s global trade impact
TEHRAN, July 16 — Iran has communicated to Houthi leaders in Yemen that if the United States attacks…
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Iran and U.S. Teeter on Brink as Straits Crisis Looms
WASHINGTON, July 16 — The United States maintains approximately 40,000 troops across the Middle East, including naval assets…
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Trump Withdrew from Iran Nuclear Deal, Reimposed Sanctions
WASHINGTON, July 16 — The figure that matters in Donald Trump’s political comeback is zero: the number of…
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Iran’s Guard Corps Behind Strait of Hormuz Operations
TEHRAN, July 16 — For the families of sailors and the crews who move global commerce through the…
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Russia’s War Economy Struggles Under Sanctions and Energy Constraints
MOSCOW, July 15 — Russia’s economy, the 11th largest by nominal GDP at $2.2 trillion in 2024, continues…
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Gulf states, U.S. hail abandonment of Hormuz cargo fee
DUBAI, July 14 — The proposed cargo fee that threatened to rattle global shipping lanes through the Strait…
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