Trump’s Hormuz gambit lands with a whimper
U.S. Marines from the 31st Marine Expeditionary Unit board M/V Blue Star III, a commercial ship suspected of…
Oil giant Shell agrees to buy Canada’s ARC Resources for $16.4 billion
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty…
Diesel, kerosene imports and air travel
Pipework at the Humber Refinery, operated by Phillips 66, and the Humber estuary near South Killingholme, north-east England…
Markets bet on U.S.-Iran deal despite Hormuz Strait blockade
Tourists walk past the U.S. Capitol and are reflected in the window of a parked ambulance on Capitol…
Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself
A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across…
Kospi, Nikkei 225, oil, Hang Seng Index
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment |…
‘All roads lead to higher prices and slower growth,’ warns IMF chief
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), in Davos, Switzerland, on Monday, Jan. 19, 2026.…
Asia-Pacific markets mostly rise in Easter trade on hopes for Hormuz reopening
Asia-Pacific markets traded mostly higher Friday, after Iran and Oman were reportedly drafting a protocol to “monitor transit”…
Oil extends gains after record monthly rally as Trump signals Iran war exit amid energy disruptions
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur…
South Korea proposes extra $17 billion budget to cushion energy costs fueled by Iran war
Workers install solar power infrastructure at a public parking lot within the National Assembly grounds in Yeouido, Seoul,…
Rising oil prices could lift food costs—but hoarding makes it worse
Rising oil prices tend to push up the cost of groceries, but that doesn’t mean shoppers need to…
WTI, Brent after Iran rejects direct U.S. talks
A pump jack is seen in a field on March 18, 2026 in Pecos, Texas. Brandon Bell |…