Keywords: Strait of Hormuz
Two liquefied petroleum gas tankers have passed through the Strait of Hormuz heading to India as Asian governments scramble to manage a widening energy crisis triggered by the United States and Israeli war with Iran and the disruption of shipping through the critical waterway. The conflict has sharply......
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 ongoing conflict involving the United States, Israel and Iran is revealing critical vulnerabilities in the global semiconductor industry as disruptions linked to the blockade of the Strait of Hormuz threaten energy supplies and essential chemical inputs used in chip manufacturing. As the war enters......
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,......
Australia and Japan have ruled out sending warships to the Strait of Hormuz despite calls from United States President Donald Trump for allied nations to help secure the vital maritime route amid rising tensions with Iran. Canberra confirmed Monday that it will not deploy naval vessels to the strait,......
Foreign ministers from the Association of Southeast Asian Nations (ASEAN) on Friday called for an immediate ceasefire in the Middle East as tensions continue to escalate across the region. The appeal came during a special virtual meeting hosted by the government of the Philippines, where......
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......
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......
Germany is intensifying diplomatic efforts to help end the ongoing conflict involving Iran, as concerns grow across Europe about the political, economic and security consequences of a prolonged war. Speaking during a visit to military exercises in northern Europe, German Chancellor Friedrich Merz stressed......
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