More: Energy
Trump: US to step in and help manage Strait of Hormuz congestion
U. S. President Donald Trump announced on Wednesday that the United States will assist in increasing shipping traffic in the Strait of Hormuz.
On Tuesday,...
Even with Hormuz reopened, jet fuel supplies won’t recover for months, IATA warns
The head of the International Air Transport Association (IATA), Willie Walsh, stated on Wednesday that it would take months for jet fuel supply to...
Ceasefire deal sends oil tumbling below $100 and stocks soaring
Oil prices decreased while stocks and bonds increased on Wednesday due to a two-week ceasefire in the Middle East, which raised hopes for the...
Macron: Over 15 countries plan to secure Strait of Hormuz access
French President Emmanuel Macron announced that about 15 countries are working together to resume traffic through the Strait of Hormuz, where a fifth of...
US, Iran Strike Two-Week Ceasefire Deal, Agree to Reopen Strait of Hormuz
The United States and Iran have agreed to a two-week ceasefire, reaching a deal just before President Donald Trump's deadline for Iran to reopen...
As War Disrupts Middle East, Russia Sees Fresh Trade Openings
Global supply disruptions from the war in the Middle East have created new trade opportunities for Russia, according to Russian Prime Minister Mikhail Mishustin....
Kremlin Says the World Is Lining Up for Russian Energy
The Kremlin announced that there is a large demand for Russian energy amid a severe global energy crisis affecting oil and gas markets. The...
Oil Rises as Hormuz Shuts, Iran Strikes Intensify, Trump Deadline Looms
Oil prices increased on Tuesday as a deadline from U. S. President Donald Trump approached, demanding Iran reopen the Strait of Hormuz or face...
Pakistan Rushes to Electric Bikes as Fuel Crisis Reshapes Economy
Crisis Driven Shift in Consumer Behavior
The blockade of the Strait of Hormuz has triggered an immediate shift in how people in Pakistan think about...
Asian Airlines Face Fuel Crunch, Trim Flights and Carry Extra Fuel Amid Middle East Crisis
Jet Fuel Shortages Hit Asia Hard
Airlines across Asia are adjusting operations in response to the Middle East conflict, which has sharply reduced jet fuel...