China and the United States have provided critical support to the oil market and helped ease the huge supply disruption in the Middle East and kept energy prices from surging even higher. The oil market has lost about 10 million barrels per day (bpd) of exports from the Persian Gulf due to Iran’s blockade of…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. For more than two decades, consecutive U.S. administrations have seen India as a counterbalance to China’s growing influence in the Indo-Pacific. But the current U.S…
The Ateela 2 Oil Tanker boat navigates the sea on April 28, 2026 on Qeshm Island, Iran in the Strait of Hormuz. Asghar Besharati | Getty Images Oil rose Thursday as the International Energy Agency flagged greater impending volatility, while OPEC lowered its demand outlook for the year. International benchmark Brent crude futures for July were 0.34% higher…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 5, 2026. Brendan McDermid | Reuters The U.S.-Iran war drags on with no sign yet of a peace deal. Someone needs to tell the stock market. After a small early drawdown near the outset of the war,…
Vessels in the Strait of Hormuz, Musandam, Oman, May 8, 2026. Stringer | Reuters The world’s energy system will change in big ways as a result of the Iran war, the CEOs of key oil and gas companies told investors on their earnings calls over the past two weeks. Iran’s blockade of the Strait of…
U.S. President Donald Trump speaks to reporters as he departs the White House in Washington, D.C., U.S., May 1, 2026. Kevin Lamarque | Reuters Iran is “currently reviewing” messages from the U.S. that it received via Pakistani mediators, but it has yet to reach a conclusion or deliver a reply, an Iranian official said Thursday,…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. Rising incomes and a large population base make India a key market for global consumer-focused companies. But now, celebrity endorsements and wide distribution are not…
President Donald Trump on Wednesday said Iran will be bombed “at a much higher level” if it doesn’t agree to a peace deal, raising tensions even as news outlets reported that Washington and Tehran are nearing an agreement to end the war. Trump in a Truth Social post said the U.S. military offensive known as…
The United Arab Emirates announced Tuesday that it will exit OPEC on May 1, in a major blow to the cartel that coordinates production among many of the world’s largest oil producers. The UAE’s shock announcement comes after the Gulf state was the target of Iranian missile and drone attacks for weeks. Tehran’s blockade of…
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 16, 2026. Jeenah Moon | Reuters Global markets are entering the week balancing resilient risk appetite against renewed geopolitical strain as prospects of U.S.-Iran negotiations took a hit over the weekend. U.S. President Donald Trump scrapped…
