China calls U.S. blockade of the Strait of Hormuz ‘dangerous and irresponsible’
[ad_1] China has called the U.S. blockade of Iranian ports in the Strait of Hormuz a “dangerous and irresponsible act” that will further enflame tensions in the region. The Ministry of Foreign Affairs said Tuesday that the targeted blockade of the vital shipping channel, which began at 10:00 a.m. ET on Monday, coupled with an […]
U.S. begins blockade in Strait of Hormuz; Trump warns Iran ‘attack ships’ to stay away
[ad_1] A smartphone displays the MarineTraffic app showing numerous ship beacons near the Strait of Hormuz with a satellite view in the background, in Creteil, France, on April 8, 2026. Samuel Boivin | Nurphoto | Getty Images The U.S. on Monday said it began blocking ships from entering or exiting Iranian ports in the Strait […]
Airports could face a jet fuel crunch within 3 weeks as airlines weigh flight cancellations
[ad_1] Lufthansa Airbus A340 passenger aircraft as seen landing at Eindhoven Airport EIN during a rare charter flight, arriving from Athens, Greece. Nicholas Economou | Nurphoto | Getty Images Europe’s airport industry has warned that jet fuel shortages could hit within three weeks, disrupting summer travel and “significantly” harming the European economy. ACI Europe, which […]
Consumer prices rose 3.3% in March, as energy prices spiked due to Iran conflict
[ad_1] A man shops for butter at a supermarket in Houston, Texas, on March 17, 2026. Ronaldo Schemidt | AFP | Getty Images Consumer prices spiked in March as the Iran war sent energy costs soaring and took the Federal Reserve further from its inflation target, according to a Bureau of Labor Statistics reported Friday. […]
What this real-world oil price says about the level of stress in the energy market
[ad_1] A general view of Navigator Terminals, an Oil storage depot along the River Thames on March 10, 2026 in London, England. Dan Kitwood | Getty Images News | Getty Images The fluctuating price of dated Brent, the global benchmark for real-world barrels of crude, has prompted energy analysts warn to that acute stress in […]
Strait of Hormuz oil traffic way down after ceasefire; Hassett says even one tanker is big deal
[ad_1] National Economic Council Director Kevin Hassett speaks to the press outside the White House, in Washington, Feb. 11, 2026. Anna Moneymaker | Getty Images President Donald Trump’s top economic advisor Kevin Hassett said Thursday that getting even one oil tanker through the Strait of Hormuz would provide a “huge chunk of what’s missing” amid […]
Volatility is the ‘new norm’ for government bonds as interest rate uncertainty sees yields whipsaw
[ad_1] European government bonds reversed course on Thursday, moving higher after plunging during the previous session, as a fragile Middle East ceasefire keeps markets on edge. Bond traders are grappling with unusually high levels of volatility, which is clouding the outlook for interest rate policies at the Bank of England and European Central Bank. Yields […]
Britain to call for toll-free Strait of Hormuz, says Lebanon must be part of Iran ceasefire
[ad_1] Yvette Cooper, UK foreign secretary, delivers the opening remarks as she chairs a virtual meeting to discuss the re-opening of the Strait of Hormuz, in London, UK, on Thursday, April 2, 2026. Bloomberg | Bloomberg | Getty Images U.K. Foreign Minister Yvette Cooper is expected to call for unhindered access through the Strait of […]
From war to weather: A ‘super El Niño’ event poses fresh risks to global food costs
[ad_1] A batch of exported urea fertilizers is being concentrated at the port for shipment at Yantai Port in Shandong Province, China on March 26, 2026. Cfoto | Future Publishing | Getty Images An unusually powerful El Niño later this year could exacerbate food security fears as disruption caused by the Iran war strains supply […]
Oil prices resume gains after Iran accuses U.S. of breaching ceasefire deal
[ad_1] This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images Oil prices rose Thursday after Iran accused the United States of violating elements of a two-week ceasefire agreement, raising concerns that tensions could escalate […]