Middle East oil producers plan to build new pipelines to reduce their dependence on the Strait of Hormuz, as Iran disrupts the Gulf states’ seaborne crude exports with near daily attacks on tankers. But new pipelines will not end the threat to the region’s energy exports, analysts said. This infrastructure is just as vulnerable to…
Oil tankers and cargo vessels remain anchored off Port Sultan Qaboos on June 21, 2026 in Muscat, Oman. Elke Scholiers | Getty Images Oil prices rose Friday as investors weighed escalating tensions between the United States and Iran after Tehran vowed to target regional infrastructure if President Donald Trump followed through on threats to strike…
An F-35B Lighting II, attached to Marine Fighter Attack Squadron (VMFA) 121, takes off from the flight deck of America-class amphibious assault ship USS Tripoli (LHA 7), May 13, 2026. Courtesy: U.S. Navy U.S. forces launched strikes against Iranian targets shortly before the U.S. resumed its naval blockade of Iranian ports in and around the…
Consumer prices posted their biggest decline in more than six years during June as a sharp swoon in energy prices provided at least temporary relief from this year’s inflation surge, the Bureau of Labor Statistics reported Tuesday. The consumer price index, a broad measure of costs for goods and services across the U.S. economy, was…
Donald Trump, President of the United States, speaks during a press conference at the NATO Summit at the Presidential Complex in Ankara, Turkiye, on July 8, 2026. (Photo by Klaudia Radecka/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images President Donald Trump’s proposed 20% levy on ships passing through the Strait of Hormuz could…
Drone view of oil tanker HELGA berthed at one of Iraq’s southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. Mohammed Aty | Reuters President Donald Trump’s plan to impose a 20% fee on…
NANJING, CHINA – JULY 09: Aerial view of new energy vehicles waiting for shipment at Longtan Port Area of Nanjing Port on July 9, 2026 in Nanjing, Jiangsu Province of China. Yang Suping | Visual China Group | Getty Images China’s trade growth accelerated far more than expected in June, as booming global demand for…
The International Maritime Organization, a United Nations agency, said Monday that it opposes transit fees in the Strait of Hormuz after President Donald Trump demanded that ships pay protection money. “We have always been consistent on our stance on fees – IMO stands firmly against charging fees for passage through straits used for international navigation,”…
US President Donald Trump speaks during a Rose Garden Club event on the Rose Garden of the White House in Washington, DC, on July 6, 2026. Mandel Ngan | Afp | Getty Images President Donald Trump on Monday said the U.S. is “going to get paid for guarding” the Strait of Hormuz, the major oil-shipping…
NEW DELHI, INDIA – JULY 9: People are seen crossing a waterlogged road after the heavy rainfall at Gazipur Sabzi Mandi on July 9, 2026 in New Delhi, India. (Photo by Raj K Raj/Hindustan Times via Getty Images) Hindustan Times | Hindustan Times | Getty Images India’s consumer price inflation rose to 4.38% in June,…
