ASEAN leaders adopt measures to ease economic pain caused by Iran war
The bloc currently imports more than half of its crude oil from the Middle East.
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States should tax windfall oil profits to fund their way out of crisis
A major economic crisis is boosting energy profits. Taxing those can help countries survive and become immune to shocks.
Oil prices surge as violence flares in Strait of Hormuz
Brent crude rises nearly 6 percent as soaring tensions in waterway push ceasefire to the brink.
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Trump’s ‘Project Freedom’: Can US navy ‘guide’ stuck ships out of Hormuz?
Trump says US navy will free up ships stranded in the Gulf, but it remains unclear how the campaign will be implemented.
From: NewsFeed
Japan PM: Hormuz closure ‘inflicting enormous impact’ on Asia Pacific
Japan’s PM says the effective closure of the Strait of Hormuz is ‘inflicting an ‘enormous impact’ on Asia Pacific.
Published On 4 May 2026
Iran warns US to stay out of Hormuz after Trump says US will ‘guide’ ships
President Trump says the US will begin ‘Project Freedom’ on Monday to guide stranded ships through Strait of Hormuz.
Japan PM says oil crisis having ‘enormous impact’ in Asia Pacific
Sanae Takaichi makes comments during a visit to Australia, where she signs agreements on energy supplies.
Oil prices flat as Trump’s plan for Strait of Hormuz fails to calm market
Brent crude is largely unmoved by Trump’s announcement of the operation, dubbed ‘Project Freedom’.
Was the Iran war the final blow in the collapse of Spirit Airlines?
The shutdown of the budget airline after 34 years has left 17,000 staff members unemployed.
China blocks US sanctions against five ‘teapot’ refineries
Ministry of Commerce says sanctions against refineries accused of importing Iranian oil violate international law.
Japan’s Takaichi pledges deeper energy cooperation with Vietnam
Takaichi signs six agreements with Vietnam, including on technology, agriculture and space, during a trip to Hanoi.
