Tag - oil

 
 

OIL

People wave Iranian national flags during an anti-U.S. and Israel protest in Tehran on Friday.
WORLD
May 31, 2026
U.S. says capable of resuming war with Iran as deal remains elusive
The White House had signaled Trump was close to a decision on a potential deal, though Tehran denied there was a final agreement on ending the conflict.
U.S. President Donald Trump speaks during a Cabinet meeting in the Cabinet Room of the White House in Washington on Wednesday.
WORLD / Politics
May 30, 2026
Trump insists on red lines as Iran deal remains elusive
An Iranian state media report also rebutted several key elements of Trump’s characterization of the deal, with sources calling his remarks a “mixture of truth and lies.”
The coastline of Funafuti Atoll, Tuvalu. A trust fund set up to help a South Pacific nation gravely threatened by climate change has invested in coal mining, gas exploration and the world's largest crude oil refinery.
ASIA PACIFIC
May 28, 2026
Fund for climate-exposed Pacific nation invests in fossil fuels
A trust fund set up to help a South Pacific nation gravely threatened by climate change has invested in coal mining, gas exploration and the world’s largest crude oil refinery.
U.S. President Donald Trump during a cabinet meeting at the White House in Washington on Wednesday
WORLD / Politics
May 28, 2026
Trump’s Iran bind deepens with Hormuz shut and hawks pushing war
Adding to the challenge are his own comments lambasting his predecessors for deals similar to the one that has the best chance of success.
"Japan’s experience shows that oil price shocks are never just oil price shocks. They are tests of the entire inflation regime,” Bank of Japan Gov. Kazuo Ueda said Wednesday in a speech to open a two-day international banking conference in Tokyo.
BUSINESS / Economy
May 27, 2026
BOJ’s Ueda warns of oil shock’s impact on entire inflation regime
Following the outbreak of the Middle East conflict, Ueda has repeatedly said that the central bank needs to pay attention to upside inflation risks.
A man holds a photo of Mojtaba Khamenei, the new supreme leader, at a memorial ceremony for the victims of the war with the U.S. and Israel, in Tehran on Sunday.
WORLD
May 27, 2026
Iran says new U.S. strikes violate ceasefire
The war ⁠has caused an unprecedented oil supply shock, pushing up the costs of fuel, fertilizer and food.
A memorial ceremony for victims of the war with the U.S. and Israel, in Tehran on Sunday
WORLD
May 26, 2026
Trump hails progress on peace as U.S. strikes Iran and Israel attacks Lebanon
American forces hit missile launch sites in Iran and boats trying to place mines, while Israel struck sites in southern Lebanon after Hezbollah drone attacks.
Idemitsu Maru arrives at a sea berth off the city of Chita in Aichi Prefecture on Monday.
JAPAN / Society
May 25, 2026
Japanese tanker Idemitsu Maru arrives in Aichi after exiting Strait of Hormuz
The oil tanker is the first to return to Japan through the strait since war broke out in Iran.
U.S. Secretary of State Marco Rubio speaks to journalists before boarding his plane at Indira Gandhi International Airport in New Delhi on Monday. Rubio said Washington would give diplomacy every chance to succeed before exploring "alternatives."
WORLD
May 25, 2026
Iran and U.S. play down hopes for imminent breakthrough in war
U.S. President Donald Trump wrote on Truth Social over the weekend that the U.S. blockade ​on Iran would remain “until an agreement is reached, certified, and signed.”
Toyota's bZ4X electric vehicle at an international car show in Indonesia in August 2023. At 10% of Japan’s economy, the automotive industry is a pillar of the nation.
ENVIRONMENT / Sustainability / OUR PLANET
May 24, 2026
Japan’s automotive industry is driving — slowly — toward a greener future
While major carmakers have committed to cut emissions, the industry’s slow shift to EVs means that it faces a high hurdle if it wants to achieve carbon neutrality by 2050.
U.S. President Donald Trump leaves Marine One as he departs from Morristown, New Jersey, on Friday.
WORLD
May 24, 2026
Trump says Iran deal ‘largely negotiated’ and would reopen Strait of Hormuz
Various media in the U.S. and Iran said the memorandum that could yield an agreement lays out a phased framework ‌for ending months ‌of fighting.
U.S. President Donald Trump speaks to reporters before boarding Air Force One at Joint Base Andrews in Maryland on Wednesday.
WORLD / Politics / ANALYSIS
May 23, 2026
Three months in, is Trump losing the Iran war?
With Iran’s grip on the Strait of Hormuz, its resistance to nuclear concessions and its government largely intact, doubts are growing that Trump can pull out a geopolitical win.
Pakistani Army chief Asim Munir (second from left) is greeted by Iranian Interior Minister Eskandar Momeni upon his arrival in Tehran as part of ongoing mediation efforts between Iran and the United States.
WORLD
May 23, 2026
Pakistan Army chief in Tehran as Iran weighs U.S. peace offer
But disagreements between Tehran and Washington remain “deep and extensive,” an Iranian Foreign Ministry spokesman said.
Iranian President Masoud Pezeshkian said Thursday "we will never back down” in talks.
WORLD
May 22, 2026
Progress in Iran talks undercut over uranium and Strait of Hormuz tolls
Conflicting statements on key issues left it unclear if the U.S. and Iran were any closer to a deal after renewed threats of escalation in recent days.
Vessels sail through the Strait of Hormuz, as seen from Musandam, Oman, on Monday.
WORLD
May 21, 2026
Iran is consolidating control of Hormuz with checkpoints and diplomatic deals
With Iran now in de facto control of the strait, the system can involve intense vetting by the Iranian government and sometimes fees in exchange for safe passage.
U.S. President Donald Trump said he was ready to resume attacks on Iran, but added that he could wait a few days to "get the right answers."
WORLD / Politics
May 21, 2026
Trump says willing to wait for a few days to get ‘right answer’ on Iran peace deal
The ceasefire has yielded little progress, and soaring gasoline prices continue to ​weigh on the president’s approval ratings.
Naphtha shortages and a shrinking labor force mean those buying a new air conditioning unit may pay more than last year and then be forced to wait up to a month to have it installed.
JAPAN / Society / FOCUS
May 20, 2026
Installation delays and price hikes hit air conditioners just before summer
Fears of naphtha shortages and a smaller labor force mean those buying a new air conditioner may pay more than last year and then be forced to wait up to a month for installation.
Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung pose for a photo during their meeting in Andong, South Korea, on Tuesday.
JAPAN / Politics
May 19, 2026
At talks, Takaichi and South Korea’s Lee agree to bolster energy security
The move comes as concerns over energy supplies continue to rattle Asia amid the U.S.-Israeli war against Iran.
Alexander De Croo, head of the U.N. Development Program, is interviewed in Tokyo on Monday.
BUSINESS / Economy
May 19, 2026
UNDP head warns of food shortages amid surging fertilizer prices
High energy prices, inflation and the resulting instability will persist “at least until the end of the year,” UNDP Administrator Alexander De Croo also said in an interview in Tokyo.
A man brings an empty liquefied petroleum gas canister to a depot in New Delhi on Monday. India is the second-largest importer of LPG in the world and is suffering acute shortages of the fuel, used in cooking gas and industrial processes.
BUSINESS / Markets
May 19, 2026
How India’s cooking fuel shortage is driving up California’s gas prices
Both symptoms of the worst-ever energy supply disruption, they are directly connected and evidence of the effects across the global economy of the U.S.-Israeli war with Iran.

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