Tag - oil

 
 

OIL

A ship is seen in the Persian Gulf off the coast of Sharjah, UAE, the day after the failure of U.S.-Iran peace talks on Monday.
WORLD / Politics
Apr 15, 2026
U.S. and Iran may resume talks this week despite port blockade
While the U.S. blockade drew angry rhetoric from Tehran, signs that diplomatic engagement might continue helped calm oil markets.
U.S. President Donald Trump speaks to members of the media outside the Oval Office of the White House in Washington on Monday.
WORLD / Politics
Apr 14, 2026
U.S. and Iran weigh further truce talks with Trump blockade underway
The two sides’ negotiating teams could return to Islamabad later this week for a second round of talks.
Georges Elhedery, CEO of HSBC Holdings, during an interview in Hong Kong on Tuesday
BUSINESS / Markets
Apr 14, 2026
HSBC CEO warns U.S.-Israeli war on Iran is damaging global confidence
The London-based lender is among the European banks most exposed to the Middle East, a region that accounts for roughly 4% of its pretax profit.
A vessel is seen at the Strait of Hormuz, off the coast of Oman’s Musandam province, on Sunday.
BUSINESS / Markets
Apr 14, 2026
What does a U.S. naval blockade of Iran mean for oil flows?
Oil tankers were steering clear of the strait on Monday.
An oil tanker is docked unloading crude oil at the port in Qingdao, in China's eastern Shandong province, on April 7.
BUSINESS
Apr 14, 2026
Xi’s petroyuan dream gets new life from Trump’s war in Iran
The conflict is spurring a fresh wave of enthusiasm over prospects for China’s currency to more effectively rival the U.S. dollar.
Vietnam's Communist Party General Secretary To Lam takes his oath as Vietnam's President during the legislature's session at the National Assembly in Hanoi on April 7.
ASIA PACIFIC / Politics
Apr 14, 2026
Xi to meet Vietnam leader as Hormuz blockade risks energy flows
The war in Iran has raised global supply risks and is pushing Hanoi to deepen cooperation with China, its largest trading partner.
The petrodollar system underpinning U.S. financial dominance is breaking down as the Iran war disrupts both oil revenues and foreign demand for Treasurys, exposing limits to their safe-haven status.
COMMENTARY / World
Apr 13, 2026
The Iran war just broke the petrodollar
The virtuous loop that has seen America underwrite stability in the Middle East in exchange for Gulf states recycling their dollar revenues into U.S. Treasurys has been broken.
A vessel sails in the Strait of Hormuz, off the coast of Oman’s Musandam province, on Sunday.
WORLD / FOCUS
Apr 13, 2026
Trump’s blockade of Iran ports risks dangerous escalation cycle
While the U.S. is capable of enforcing a blockade, it would entail substantial costs and risks.
The Toto Museum in Kitakyushu. Toto has suspended new orders for its prefabricated bathrooms due to a shortage of materials.
BUSINESS / Companies
Apr 13, 2026
Toto halts bathroom orders after Iran war upends supply chain
The firm joins a growing list of Japanese manufacturers who have cut production or hiked prices due to tightening supplies of naphtha.
A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province, on Sunday
JAPAN / Politics
Apr 13, 2026
Japan ‘closely monitoring’ U.S. plans to blockade Strait of Hormuz
U.S. President Donald Trump again assailed Tokyo and other U.S. allies for not helping secure the strait, saying that the lack of aid “amazes” him.
Oil storage tanks in the Keihin industrial area in Kawasaki, Kanagawa Prefecture. Japan’s chemical manufacturers and other oil-dependent sectors face extreme vulnerability as the Strait of Hormuz remains largely blocked.
BUSINESS
Apr 13, 2026
High oil prices force Japan equity analysts to slash forecasts
Japan’s chemical manufacturers and other oil-dependent sectors face extreme vulnerability as the Strait of Hormuz remains largely blocked.
The Yehliu headland in northern Taiwan has long served as both a fishing ground and a strategically defended area, with natural rock formations and coastal cliffs historically used to monitor maritime routes approaching Taipei.
ASIA PACIFIC
Apr 13, 2026
Taiwan plans drills to break potential Chinese energy blockade
A blockage would not be just Taiwan’s problem but that of the entire region, the island’s deputy interior minister says.
A Chinese-flagged oil tanker is moored at an oil terminal at Tsing Yi port in Hong Kong on March 19.
BUSINESS
Apr 13, 2026
China’s energy strategy pays off as Mideast war cramps supplies, analysts say
China is a net importer of oil, and more than half of its seaborne crude came from the Middle East last year.
People walk past a wall mural along the roadside in Tehran on Sunday.
WORLD / Politics
Apr 13, 2026
Trump vows to blockade Hormuz after U.S.-Iran peace talks fail
The blockade will be enforced “impartially against vessels of all nations entering or departing Iranian ports and coastal areas,” the U.S. military said.
A map showing the Strait of Hormuz. U.S. Central Command claimed that two of its warships transited the Strait of Hormuz to begin clearing Iranian-laid mines — a claim Tehran has denied.
WORLD / Politics
Apr 12, 2026
U.S. says warships transit Strait of Hormuz in mine clearance op
Trump called the operation “a favor” to countries such as China, Japan and France that “don’t have the Courage or Will to do this work themselves.”
International Monetary Fund (IMF) and World Bank Spring meetings signage outside the IMF headquarters in Washington on April 9.
BUSINESS / Economy
Apr 12, 2026
World finance chiefs head to IMF with a sense of deja vu
Ahead of the meetings IMF chief Kristalina Georgieva warned that the international community is becoming less able to respond to shocks.
Pedestrians cross Enghelab Square in Tehran, near a billboard showing Mojtaba Khamenei, Iran's new supreme leader, in the Iranian capital on Saturday.
COMMENTARY / World
Apr 12, 2026
The Indo-Pacific price of a hasty war with Tehran
The allies are not abandoning the U.S.; they are recoiling from a war that lacks a defined strategy.
An oil tanker off the shore of Singapore on March 17.
ASIA PACIFIC / Politics
Apr 12, 2026
Australia turns to Asia for fuel and security as U.S. distracted
Prime Minister Anthony Albanese and his ministers have been in close contact with key Asian trading partners in order to maintain fuel shipments amid global supply disruptions.
Bank of Japan Gov. Kazuo Ueda holds at news conferece in Tokyo on March 19.
BUSINESS / Economy
Apr 11, 2026
Bank of Japan wary of inflation pressure amid war in Middle East
The BOJ is expected to face difficulties steering its monetary policy, as raising interest rates to contain inflation could cool the economy.
U.S. Vice President JD Vance walks alongside Pakistani Chief of Defence Forces Asim Munir and Pakistani Deputy Prime Minister Mohammad Ishaq Dar after arriving for talks with Iranian officials in Islamabad on Saturday.
WORLD / Politics
Apr 11, 2026
U.S. and Iran teams in Pakistan for peace talks amid doubts over possible deal
The effective closure of the Strait of Hormuz and continued fighting between Israel and Hezbollah in Lebanon threatened to complicate negotiations.

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