Oil
World Bank warns of 16% rise in commodity pricing over Hormuz closure
World Bank forecasts a 24% rise in energy prices in 2026, driven by the Iran conflict and the continued closure of the Strait of Hormuz, affecting global markets.
Behind Tehran’s calm, Iran faces deepening economic collapse
UAE exit weakens OPEC+ power over oil market but group to stay together, sources say - analysis
UAE taking advantage of long-term global energy needs by leaving OPEC - analysis
Hormuz at near standstill as Iran warns ships to keep to its waters
Mitsui O.S.K. Lines, one of Japan’s big three shipping firms, is among those caught up in the confusion as firms try to work out what impact the US-Iran two-week ceasefire is having.
US and Iran reach temporary ceasefire
Global markets rally, oil drops below $100 after US-Iran ceasefire
The main oil barrel indexes show a 15% average fall, while most markets worldwide, especially Asian markets, are opening up during early trading hours.
Heat, costs, shortages: US faces limits in deciding next actions in Iran - report
Iran could achieve USD 70-90 billion in annual revenue if the Islamic regime is allowed to charge a toll in the Strait of Hormuz, according to a J.P. Morgan paper.
South Korea envoy to visit Kazakhstan, Oman, Saudi Arabia to secure oil supplies
South Korea is also working with international partners to ensure the safe passage of 26 South Korean-flagged vessels currently waiting inside the Strait of Hormuz, the envoy said.
Strait of Hormuz closure has raised oil prices, but not without precedent - analysis
Even as gas prices have risen in recent weeks, another set of numbers has remained relatively contained: the markets.
IDF strike kills Head of Commerce at Iranian regime's oil headquarters
The IRGC's Oil Headquarters generates billions of dollars annually in profits for the Iranian regime's brutal police force through oil sales.
Iranian drone attack sparks fire at Shuwaikh Oil Complex in Kuwait
The drone attack caused a fire at the Shuwaikh Oil Sector Complex, but no injuries were reported.
World food prices set to continue soaring if Iran war persists, says UN report
The global surge in food prices comes as the Strait of Hormuz, a key shipping route in the Middle East, remains shut down as governments scramble to reopen it.
IDF kills Iranian ballistic missile chief, US strike targets key supply bridge in Tehran
US strike targets a major highway bridge connecting Tehran to Karaj, with a source saying the strike was intended to disrupt Iranian supply routes used to transport missile and drone components.
