Oil shipments restart following a naval blockade lift, but insurers and shippers remain cautious amid lingering geopolitical risks. Oil tankers, including Saudi supertankers carrying millions of barrels of crude, have resumed transit through the Strait of Hormuz after the
President Marcos Jr. seeks to secure stable oil imports from Russia to counter Middle East supply disruptions and economic strain. The Philippines is negotiating a long-term oil supply agreement with Russia to stabilize energy imports. The move follows spot purchases from
Analysts say inflation and supply chain disruptions from the Hormuz conflict will persist despite the strait's reopening. The U.S. and Iran agreed to reopen the Strait of Hormuz on Thursday, easing immediate threats to global energy supplies after nearly four months of war
Labour's Andy Burnham wins Makerfield seat with 24,927 votes, narrowing Starmer's lead as Reform UK gains traction. Andy Burnham secured the Makerfield by-election with 24,927 votes, positioning himself as a potential challenger to UK Prime Minister Keir Starmer. Reform UK
Cancellation of technical talks with Iran adds uncertainty to oil supply dynamics, pressuring crude prices near $75.28. US Vice President JD Vance canceled his planned trip to Switzerland for technical talks with Iran, citing unresolved logistics. A spokesperson confirmed
U.S. and Iran agree to 60-day ceasefire and Strait of Hormuz reopening after months of conflict disrupting energy markets. U.S. President Donald Trump stated the Iran deal, signed Thursday, was negotiated to avert a global economic depression triggered by prolonged conflic
Iran may earn over $60B in annual oil sales The Middle East peace agreement is expected to boost Iran's oil industry. The country's economy may be restored with the potential to generate more than $60B in annual revenue. The US has pledged to permit Iran to
The yen weakens past 161.76, nearing 2024 peaks and 1986 levels, as traders unwind short positions amid fading intervention fears. The USDJPY pair climbed to 161.76, its highest level since 1986, as a short squeeze drives momentum. The rally breached key resistance, with t
Rising marine fuel costs and tariff fears accelerate container imports, pulling forward peak shipping demand to spring. Global shipping costs are climbing as tensions in the Hormuz Strait disrupt trade routes and lift bunker fuel prices. Vessel operators are advancing the
Iran’s Supreme Leader permits a US memorandum of understanding but cautions against excessive American demands in upcoming talks. Iran’s Supreme Leader approved a memorandum of understanding with the US after assurances from the Iranian president and security officials. Th
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