Tag - oil

 
 

OIL

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.
A drilling rig operated by Gazprom in the Kovyktinskoye gas field, the Power of Siberia gas pipeline project, near Magistralny, Irkutsk region, Russia, in 2021.
WORLD / Politics / FOCUS
May 19, 2026
Putin aims to unlock gas pipeline project to China in Xi talks
Russia hopes the turmoil in energy markets from the Middle East conflict will make China more flexible in contract negotiations for gas prices for a planned pipeline project.
A tourist watches the MT Desert Kite oil tanker carrying Russian oil in the Arabian Sea, Gujarat, India, on March 11.
WORLD / Politics
May 19, 2026
U.S. extends sanctions waiver on Russian oil to aid vulnerable countries
The action marks the second time the Treasury has allowed the sanctions waiver to lapse and subsequently extended it.
A woman walks past an anti-U.S. billboard depicting U.S. President Donald Trump and the Strait of Hormuz, in Tehran on Sunday.
WORLD / Politics
May 19, 2026
Trump says he paused attack on Iran as negotiations continue
An Iranian source said the U.S. may agree to release some of Tehran’s frozen funds and show more flexibility toward peaceful nuclear activity under supervision of the IAEA.
Cargo ships in the Persian Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, on March 11
BUSINESS / Economy
May 18, 2026
Iran war saddles global companies with $25 billion bill — and counting
Businesses are grappling with soaring energy prices, fractured supply chains and trade routes severed by Iran’s chokehold on the Strait of Hormuz.
The war in Iran is fueling currency crises in energy-importing countries, underscoring the need to accelerate the transition to electric vehicles and renewable energy to shield economies from fossil-fuel shocks.
COMMENTARY / World
May 18, 2026
The energy crisis is becoming a currency crisis
The biggest losers include the Egyptian pound, the Philippine peso, the South Korean won and the Thai baht.

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