Three Saudi crude oil tankers bound for China and India reversed course in the Red Sea, heading for the Suez Canal after Yemen's Houthi militia warned against using Saudi ports, signaling disruptions to global energy supplies and trade.
Global stock markets and oil prices surged Wednesday after President Trump questioned the Iran ceasefire, sparking fears of supply disruptions. Wall Street opened lower, with the S&P 500 down 0.5% and Dow Jones down 1%. Brent crude rose 4.8% to $77.74.
The reopening of the Strait of Hormuz eases immediate energy supply threats, but analysts warn economic damages like inflation will persist for months due to lingering price impacts on food and energy supply chains.
The US and Iran engaged in a second day of retaliatory strikes, with explosions reported near the Strait of Hormuz and US forces targeting Iranian military capabilities. Iran responded by striking US bases in Bahrain and Kuwait, claiming to have closed the Strait of Hormuz, a claim the US denied. Tensions escalate as US President Trump criticizes stalled negotiations.
Asia sees a 20-year high in capital expenditures across sectors like defense, AI, and energy, driven by geopolitical crises and trade disputes. Morgan Stanley predicts a 'super cycle,' boosting economic power and jobs in the region.
Abu Dhabi speeds up West-East pipeline to Fujairah, aiming to double ADNOC's export capacity by 2027, bypassing the vulnerable Strait of Hormuz amid global energy pressures.
The escalating US-China legal arms race, amid the US-Iran conflict disrupting global energy and economies, forces businesses worldwide to navigate conflicting regulatory regimes, risking non-compliance with one side while adhering to the other.
US President Donald Trump meets Chinese leader Xi Jinping in Beijing amidst a fragile trade truce, strategic rivalry, and global disruption from the US-Iran war, focusing on stability and practical outcomes.
US President Donald Trump's visit to China amid US-Iran war and global energy uncertainty, with China diversifying trade relationships to minimize external vulnerabilities
Middle East conflict jitters are pushing oil prices higher, with Brent crude and WTI futures seeing gains. Ceasefire talks with Iran are reportedly "on life support" following Tehran's response to a US proposal, which included broader regional demands. The Strait of Hormuz, a vital oil passage, remains a key flashpoint, with Iran asserting control, raising concerns about global energy supplies.
US President Donald Trump’s landmark visit to China comes as the US-Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In this story, part of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, we examine how artificial intelligence (AI), chip controls and competing technology ecosystems are redefining US-China rivalry. Nvidia CEO Jensen Huang was the...
Amidst the escalating Middle East conflict, Union Minister Ashwini Vaishnaw echoed PM Modi's call for Indians to reduce import spending and conserve foreign exchange. He urged citizens and businesses to make conscious choices to save forex, highlighting fuel expenditure as a key area for reduction. This initiative aims to protect the nation's economic interests as global energy supplies face strain.
US President Donald Trump’s landmark visit to China comes as the US-Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In the latest instalment of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, Amber Wang looks at the prospects for joint progress on military use of AI. China and the United States are facing calls to discuss the safe military use of...
US President Donald Trump’s landmark visit to China comes as the Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In the latest part of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, we look at how Trump’s weakened hand could tilt summit talks. When next week’s summit between US President Donald Trump and Chinese President Xi Jinping was first...
US President Donald Trump’s landmark visit to China comes as the Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In the second part of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, we look at their make-or-break contest unfolding beneath the ocean surface. Last year’s military blockbuster Operation Hadal was China’s first high-budget film to...
Oil prices surged Friday as US-Iran tensions flared, reversing earlier declines. US strikes on Iranian targets prompted accusations of ceasefire violations, escalating fears over the vital Strait of Hormuz. This geopolitical volatility overshadows concerns about suspicious trading activity linked to policy announcements, impacting global energy supplies and inflation.
US President Donald Trump’s landmark visit to China comes as the US-Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In the second instalment of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, we weigh the odds of a major deal for Boeing aircraft after nearly a decade without a significant order from Chinese airlines. Shanghai Airlines was flying...
US President Donald Trump’s landmark visit to China comes as the Iran war disrupts global energy supplies, fuels economic uncertainty and adds fresh strain to Washington-Beijing ties. In the first part of a series examining how rivalry, interdependence and geopolitical crises are reshaping the relationship between the two powers, we look at the Arctic as an arena for competition. The Arctic is heating up, both physically and in terms of geopolitics. As Arctic warming accelerates and sea ice...
Iran fired on three ships in the Strait of Hormuz on Wednesday, underscoring the ongoing threat to global energy supplies and complicating efforts to bring the US and Iran together for talks to end the war. Trump said the US would continue to blockade Iranian ports, while Iran has offered no formal acknowledgement of the extension and threatened to break the blockade by force. The strait through which 20% of the world's oil and natural gas pass in peacetime remains a critical flashpoint.
