US-Iran peace deal: Shipping industry remains cautious on Hormuz front
The Strait of Hormuz blockade severely disrupted cargo movement across the Middle East, with many vessels being unable to enter or leave the Gulf...
Tag : Strait of Hormuz
Oil plunges new low amid US-Iran “peace deal,” investors remain cautious
The global energy market has lost millions of barrels of oil and gas supply due to the Iran war, as Middle East's energy facilities came under attack...
Iran war: World Bank cuts global growth outlook to 2.5%
As per the World Bank, growth could slow to just 1.3% if energy supply disruptions prove more severe and come with substantial stress in financial markets...
Iran war: Singapore’s oil product inventories slump to new low
Singapore's inventories of residual fuel totalled 14.84 million barrels during the week to June 10, hitting their lowest in close to eight years...
Egypt’s garments exports carve out 15% increase despite volatile geopolitics
As per the Apparel Export Council of Egypt (AEC), the sector’s exports reached approximately USD 1.15 billion between January and April 2026...
South Africa to meet fiscal targets despite Iran war, says government
National Treasury Director-General Duncan Pieterse said there have been significant improvements in debt management and fiscal discipline...
IF Insights: Airlines face grounding risk as Iran war pushes jet fuel price higher
As per industry executives, even if the Strait of Hormuz reopens, cost impact on jet fuel will persist due to reduced refining capacity in the Middle East...
Cooperation key in maintaining global shipping resilience, says Ningbo forum
At the 10th Maritime Silk Road Port Cooperation Forum, Jin Jingdong, chief planner of China's Ministry of Transport, called for stronger cross-border cooperation...
Iran war, weak yen make Japan’s crude import troublesome affair
Japan, the world's fifth-largest oil importer, got just 850,000 bpd of crude oil in April, against the established capacity of over 2.3 million bpd...
Iran effect looms on Toyota as automaker records sales slump
Despite weathering the Iran war better than its global peers, Toyota still witnessed more than 90% export slump in the Middle East...