Iran is selectively permitting oil tankers to navigate the perilous Strait of Hormuz, with vessels from friendly nations like Pakistan and India receiving safe passage through diplomatic negotiations.
The U.S.-Israel war with Iran has again weaponized the Strait of Hormuz, halting oil traffic. This analysis explores historical disruptions from the 1980s Tanker War to recent ship seizures.
A US appeals court has temporarily paused efforts by investors to identify Argentina's US assets to collect on an $18 billion judgment over the 2012 YPF nationalization.
Petrol drive-offs have jumped 30% in South Australia, with half of offenders being first-timers. Police urge prepaid systems as national cabinet plans a fuel tsar to address shortages.
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China is investing over A$160 billion in overseas critical minerals projects, reducing Australia's export role. A Western Australian lithium refinery closure highlights the competitive threat.
Slovakia's government has approved a resolution allowing service stations to charge higher diesel prices for vehicles with foreign plates, aiming to curb fuel tourism amid global energy price surges linked to the Iran conflict.
Learn how to use a hedging strategy to protect your holiday spending money from adverse exchange rate fluctuations due to global events like the Iran conflict. Experts advise splitting currency exchanges and avoiding airport fees.
The Trump administration suspends the century-old Jones Act shipping requirements for 60 days to mitigate oil market disruptions caused by the Iran war, aiming to lower gas prices and ease cargo delays.
The Trump administration suspends Jones Act shipping rules for 60 days to counter oil price spikes and supply chain disruptions caused by the U.S.-Israel war with Iran, aiming to ease energy costs.
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The U.S. Postal Service confronts severe financial strain as Amazon plans to reduce package shipments by two-thirds, threatening a key revenue source amid ongoing losses.
Ottawa launches major infrastructure projects in the Canadian Arctic, including roads and deepwater ports, to boost sovereignty and economy amid US tensions and climate challenges.
Independent retailers struggle with fuel allocations from major companies as farmers bring diesel orders forward due to soaring prices and Middle East conflict impacts.
The US Treasury Department has eased sanctions on Venezuela's state oil company, allowing limited business to boost global oil supplies during the ongoing Iran conflict.
A damaged Russian LNG tanker from Putin's shadow fleet is drifting unmanned in the Mediterranean, threatening an unprecedented ecological catastrophe near Malta and Italy.
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Maritime traffic through the Strait of Hormuz has plummeted since early March due to war with Iran, with only 90 vessels crossing, including oil tankers, as Iran exports over 16 million barrels primarily to China.
Approximately 90 vessels have navigated the Strait of Hormuz since early March, a sharp decline from pre-war levels, as Iran maintains control over this crucial oil chokepoint.
A new US-Indonesia trade agreement strengthens Washington's access to critical minerals while boosting American fossil fuel exports, reshaping economic ties amid US-China competition.
Approximately 90 vessels, including oil tankers, have crossed the Strait of Hormuz since early March, enabling Iran to export over 16 million barrels of oil despite the waterway's effective closure due to conflict.
Canada is fast-tracking a deal to allow low-cost Chinese electric vehicles into its market, risking undercutting US automakers and escalating trade clashes with President Donald Trump.
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Wisconsin legislators have approved a bill to permit online sports wagering through tribal casinos, pending Governor Tony Evers' signature and complex tribal negotiations.
Japan recorded a trade surplus of 57.3 billion yen in February, reversing a prior deficit, with exports rising 4.2% despite declines in shipments to China and the U.S.
Paraguay has ratified the Mercosur-European Union free trade agreement, making it the last South American nation to approve the deal, which creates one of the world's largest trade zones.
Amid Trump's aggressive trade policies, Ireland pledges $6.1 billion in US investments, creating over 110,000 jobs and proving a mutually beneficial transatlantic relationship.
The Liberia-flagged tanker Shenlong Suezmax crossed the Strait of Hormuz last Friday, one of few vessels to navigate the Iranian-blockaded passage since conflict erupted, as over 1,000 cargo ships remain stranded amid soaring energy prices.
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Austrian officials boarded a Ryanair Boeing 737 at Linz airport, affixing a seizure sticker due to unpaid €890 compensation for a delayed flight, sparking a legal dispute.
Slovakia's government is proposing regulations to charge foreign drivers more for diesel or limit refuelling, as fuel tourism drains stations near Poland. Global fuel prices surge due to Middle East conflict.
Austrian officials seized a Ryanair Boeing 737 at Linz airport after the airline ignored a court order to pay a passenger €890 for a delayed flight, issuing a seizure sticker but allowing operations to continue.
Fans of Japan's popular Wasabeef crisps are outraged as Yamayoshi Seika halts production due to cooking oil shortages linked to Middle East conflict and Strait of Hormuz closure.
Argentina's wine industry is enduring its worst crisis in over 15 years, with record-low domestic consumption, declining exports, and vineyard closures amid economic challenges.
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Donald Trump has asserted his 'absolute right' to impose new tariffs following a Supreme Court ruling that declared many of his previous import duties illegal, sparking a furious response from the former president.
