Keywords: Crisis
Japan began releasing strategic oil reserves on Monday as part of what the International Energy Agency described as the largest coordinated drawdown of emergency stockpiles in its more than 50 year history. The move forms part of a joint effort by 32 countries to counter the supply shock triggered by......
The effective closure of the Strait of Hormuz has pushed global oil tanker freight rates to unprecedented levels, reshaping maritime trade and delivering exceptional profits for shipping companies that positioned themselves ahead of the crisis. Daily charter rates for very large crude carriers, or VLCCs,......
Bitcoin climbed sharply during Asian trading on Sunday, testing the $74,000 level as escalating tensions in the Middle East and surging oil prices pushed investors toward cryptocurrencies as a hedge against geopolitical uncertainty. Other major digital assets also posted strong gains, allowing the broader......
At least 20 people, including members of the security forces, were killed during an attack by armed gangs in central Nigeria, highlighting the persistent insecurity affecting several regions of the country. The incident occurred in Plateau State, an area that has experienced recurring violence involving......
A growing diesel shortage triggered by disruptions to global energy supplies is threatening agricultural activity across multiple continents, raising concerns about rising food prices in the months ahead. Two weeks after the start of the US Israeli conflict involving Iran, the effective closure of the......
The United States has announced a reward of up to 10 million dollars for information about Iran’s new supreme leader Mojtaba Khamenei and several senior Iranian officials, intensifying pressure on Tehran’s leadership as the conflict involving Iran enters its third week. The US State Department......
Iraq is confronting a severe economic shock as the near collapse of its oil exports threatens the government’s ability to pay public sector salaries as early as next month. Officials warn that the country’s oil dependent economy is approaching a fiscal crisis after the disruption of its main......
China has begun releasing nearly 10 million tons of fertilizer from its national reserves while boosting domestic production to record levels as the closure of the Strait of Hormuz enters its third week, threatening global agricultural supply chains at the start of the Northern Hemisphere’s spring......
Raw sugar futures climbed this week, trading above 14 cents per pound and rising roughly 7 percent over the past month as the escalating war involving Iran pushes oil prices higher and raises concerns about sugar production in Brazil. The rally follows a surge in crude prices after the conflict effectively......
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