Keywords: Iran
Six weeks into the U.S.-led military campaign against Iran, the economic fallout is accelerating. The closure of the Strait of Hormuz, a strategic passage through which roughly 20% of the world's oil supply flows, has sent crude prices surging, pushed U.S. gasoline to its highest level in nearly......
As conflict involving the United States, Israel, and Iran continues to destabilize global energy markets and effectively close the Strait of Hormuz, China's long-running transition toward electric vehicles and renewable energy is providing the world's largest crude oil importer with a notable......
Ruchir Sharma, chairman of Rockefeller International, warned this weekend that the world has never entered a crisis carrying such a heavy debt burden, leaving the United States, despite being the world's largest oil producer, particularly exposed to the energy shock triggered by the Iran war. In......
The war in Iran, which broke out in late February, is reshaping car-buying behavior across the world. As fuel prices surge on the back of oil supply disruptions, consumers in the United Kingdom and Australia turned to electric vehicles in record numbers in March 2026, according to recently published......
Companies in the United Kingdom's services sector experienced a sharp increase in operating costs in March, the largest month-to-month jump since 2021, according to a recent survey. Rising energy and transportation expenses were the primary drivers of the surge, highlighting inflationary pressures......
Saudi Arabia shut the King Fahd Causeway early Tuesday, severing the sole land link between the kingdom and the island of Bahrain, after Iran launched ballistic missiles at the oil-rich Eastern Province. The closure came as a deadline set by U.S. President Donald Trump, demanding Iran reopen the Strait......
Asian stocks and emerging market currencies edged higher on Monday as reports of a possible temporary ceasefire between the United States and Iran lifted investor sentiment, despite an approaching deadline set by US President Donald Trump for Tehran to reopen the Strait of Hormuz. Trading volumes remained......
Israeli Air Force jets carried out a large-scale overnight operation targeting three Tehran airports, destroying dozens of aircraft, helicopters, and military infrastructure in what the Israeli military described as an effort to degrade Iran's aerial capabilities. The strikes, confirmed Monday by......
A third Turkish-flagged vessel has successfully crossed the Strait of Hormuz, Turkish Minister of Transport and Infrastructure Abdulkadir Uraloğlu announced Monday, marking another incremental diplomatic step for Ankara as it works to free its merchant fleet from a waterway effectively closed by Iran......
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