Asian Nations Scramble for Russian Oil Amid Iran War Supply Crunch
Energy-hungry Asian countries are competing for limited Russian crude exports after the US-Israel war with Iran cut global oil supplies by 20%, creating a regional crisis.
Category : Trade
Sea Mines Threaten Global Trade Amid Iran Conflict
Iran deploys mines in the Strait of Hormuz, disrupting shipping. The U.S. Navy adapts with AI and sonar tech for detection, highlighting modern mine warfare risks.
Oil Tanker Ablaze After Projectile Strike Off Dubai Coast
An oil tanker caught fire after being hit by a projectile off Dubai, escalating tensions in the Strait of Hormuz. UKMTO reports the crew is safe, while Iran approves tolls for the strategic waterway.
JP Morgan Map Shows Global Oil Supply Cut-Off Dates
A JP Morgan analysis details when final Gulf oil shipments will reach global markets, with Australia, Africa, and Asia facing early April cut-offs, shifting the crisis to stock depletion.
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Thai Undertaker Brings Corpse to Petrol Station for Fuel
A Thai undertaker brought a corpse to a petrol station to prove he needed diesel for cremations amid shortages caused by the US-Iran war, highlighting Thailand's energy crisis.
Turkey's £20bn Canal Istanbul to Create Europe's Suez-Style Route
Turkey is advancing the £20 billion Canal Istanbul, a 45km shipping route set to transform Istanbul into an island and reshape global trade by 2027, despite environmental and financial concerns.
Trump Relaxes Cuba Oil Blockade as Russian Tanker Approaches
Donald Trump signals flexibility on Cuba oil imports as a sanctioned Russian tanker heads to Havana, offering relief amid a severe energy crisis and fuel shortages.
Daily Life in Basra Amid Iran War: Ports and Borders
Photos reveal daily routines in Basra, Iraq, near the Iranian border as the war slows trade, affecting Umm Qasr Port, Zubair oil field, and Shalamcheh crossing.
Houthis Join Iran War, Risking Global Trade Disruption
Yemen's Houthi rebels have entered the Iran conflict, escalating tensions and threatening to disrupt global oil supplies through the Strait of Hormuz. Experts warn of catastrophic impacts on world trade.
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US Metro Growth Slows, Ocala Leads Amid Border Declines
US metro area population growth fell to 0.6% in 2025, with sharp drops along the southern border and Florida's Gulf Coast, while Ocala, Florida, led growth at 3.4%.
Trump Policies Spark Canadian Boycott of US Border Businesses
US border towns like Lewiston, New York, face economic devastation as Canadians boycott travel due to Trump's tariffs and rhetoric, causing a 30% drop in revenues for local businesses.
US Treasury Demands FT Retract Federal Reserve Story
The US Treasury Department has formally demanded the Financial Times retract a report on Secretary Scott Bessent's views on Federal Reserve oversight, calling it 'manufactured' and false.
US Airlines Survival Crisis Amid Soaring Fuel Prices
Industry experts warn major US airlines may not survive unless oil prices drop soon, with jet fuel costs doubling in three weeks and threatening billions in losses.
Trump's TSA Pay Order Fails to Ease Airport Chaos
President Trump's executive order to pay TSA officers has not yet alleviated severe airport delays, with passengers facing hours-long security lines during peak spring break travel.
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Trump's Iran 'Ceasefire' Extension Fails to Calm Markets
President Trump's ten-day extension of the Iran 'ceasefire' offers no real relief as the Strait of Hormuz remains closed, threatening global energy supplies and economic stability with rising inflation forecasts.
German Drivers Resist Speed Limits Despite Energy Crisis
German petrolheads defend the Autobahn's no-limit tradition, citing freedom and flow state, as support for a blanket speed limit grows amid environmental and safety concerns.
US Court Overturns $16 Billion Argentina YPF Ruling
A New York appeals court has overturned a $16.1 billion judgment against Argentina, reversing a lower court order to compensate former shareholders of nationalised energy giant YPF.
Iran's Strait of Hormuz Closure Triggers Global Fuel Crisis
Iran's complete closure of the Strait of Hormuz has created a severe global oil and gas crisis, with prices soaring and supplies dwindling worldwide following US-Israeli military strikes.
Trump and Iran Clash Over Strait of Hormuz Closure
Iran's closure of the Strait of Hormuz has sent oil prices soaring to $110 a barrel, with Donald Trump asserting joint control and threatening military action, sparking global economic fears.
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Walkers Crisps Travel 5,468 Miles by Road to UAE
Spinneys supermarket chain is transporting 22,000 bags of Walkers crisps and 9,500 packets of sweets from the UK to UAE via an 11-country land route, bypassing the blocked Strait of Hormuz.
China Launches Trade Probes Against US Ahead of Trump Visit
China's commerce ministry initiates two counter-investigations into US trade practices, responding to Washington's earlier probes. The move comes as President Trump prepares for a delayed visit to Beijing in mid-May.
Iran War Sparks Global Fertilizer Shortage, Food Price Fears
The war in Iran has severely disrupted fertilizer shipments through the Strait of Hormuz, causing global shortages that threaten crop yields and could drive up food prices worldwide.
Southwest's Plus-Size Policy Causes Passenger Issues and Backlash
Southwest Airlines' new policy requiring overweight passengers to buy extra seats is facing criticism for subjective enforcement and causing embarrassing airport encounters, with customers calling it a 'fat tax'.
Iran Opens 'Safe Corridor' in Strait of Hormuz Amid Shipping Crisis
Iran permits 'non-hostile vessels' through a new route in the Strait of Hormuz, as global shipping faces severe disruptions from the US-Israel war on Iran, impacting oil and gas supplies.
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Carney Slams Air Canada for English-Only Crash Condolences
Mark Carney criticises Air Canada's CEO for a condolence video delivered almost entirely in English after a fatal LaGuardia crash, calling it a 'lack of judgment and compassion'.
Iran Threatens Suez Canal Blockade Over Trump Troop Deployment
Iran has threatened to block the Bab al-Mandab Strait, a key route to the Suez Canal, using Houthi militia allies to further cripple the world economy amid escalating Middle East tensions.
Iran Threatens Suez Canal Blockade to Cripple Global Trade
Iran warns of blocking a key waterway leading to the Suez Canal, using Houthi militia support, escalating threats to world economy amid Middle East tensions.
Andrew Hastie Supports 25% Gas Tax on Multinational Profits
Andrew Hastie expresses openness to a 25% tax on gas profits, stating multinational corporations have benefited significantly from Australian wealth.
Brit Leaves Dubai After 18 Years, Reason Isn't War
Jeremy Savory, known as the Millionaire Migrant, reveals his family's departure from Dubai after nearly two decades, with school holiday changes being the primary factor rather than Middle East conflict.
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Oil Prices Rise as Iran-US War Continues, Trump Talks
Oil prices hit $103 a barrel as Iran reviews US peace plan while Trump asserts secret negotiations. Japan releases reserves, UK reopens CO2 plant amid shortages.
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