Cargo vessel, Ali 25, in the Gulf, near the Strait of Hormuz on March 22, 2026 in northern Ras al Khaimah, United Arab Emirates. Getty Images The U.S. and Iran’s “fragile truce” has lifted hopes that a full reopening of the Hormuz Strait can end the energy supply crunch that threatens to cripple the global…
A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again? The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to…
U.S. Rep. Ritchie Torres, a Democrat from New York, during an interview in New York, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images U.S. Rep. Ritchie Torres, D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump‘s announcement of…
Iran’s parliamentary speaker Mohammad Bagher Ghalibaf accused the U.S. on Wednesday of violating the two-week ceasefire agreement. “The deep historical distrust we hold toward the United States stems from its repeated violations of all forms of commitments — a pattern that has regrettably been repeated once again,” Ghalibaf said in a statement posted on social…
WASHINGTON, DC – APRIL 06: U.S. President Donald Trump speaks alongside Central Intelligence Agency Director John Ratcliffe (L) and U.S. Secretary of War Pete Hegseth (R) during a news conference in James S. Brady Press Briefing Room of the White House on April 06, 2026 in Washington, DC. Alex Wong | Getty Images News |…
A Lufthansa passenger aircraft is parked at a gate while a SASCA fuel truck services it on the apron at Toulouse Blagnac Airport in Blagnac in Occitanie in France on March 15, 2026. Isabelle Souriment | AFP | Getty Images The surging price of jet fuel isn’t the airline industry’s only problem. Now, it’s whether…
TEL AVIV, ISRAEL – APRIL 08: An Iranian cluster munition is fired towards Tel Aviv and the surrounding area around 3 AM on April 08, 2026 in Tel Aviv, Israel. Alexi Rosenfeld | Getty Images News | Getty Images Many Middle Eastern countries reported incoming missiles and drones from Iran on Wednesday, triggering air defenses…
Oil prices plunged Tuesday evening, after President Donald Trump agreed to suspend attacks on Iran for two weeks in exchange for Tehran allowing safe passage through the Strait of Hormuz. The West Texas Intermediate contract for May delivery fell more than 16% to $94.47 per barrel by 8:03 p.m. ET. International benchmark Brent for June…
Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets rallied on Wednesday after U.S. President Donald Trump said he had agreed to suspend planned attacks on Iranian infrastructure for two weeks. The move was “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE,…
President Donald Trump pauses as he finishes speaking about the Iran war from the Cross Hall of the White House on Wednesday, April 1, 2026, in Washington. Alex Brandon | Getty Images President Donald Trump on Tuesday said he agreed to suspend planned attacks on Iranian infrastructure for two weeks. The move was “subject to…
