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...
Tag : Strait of Hormuz
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...
Uptick in LNG investments, gloom for oil: Key points from IEA report
IEA sees investments worth USD 2.2 trillion going to renewables, energy storage, power grids and low-emission fuels in 2026...
UAE accelerates West-East Pipeline project to reduce Hormuz dependence
The West-East Pipeline project has been tasked with the goal of doubling the UAE's energy export capacity via the port of Fujairah by 2027...
United Nations revises forecast for global economic growth
As per the United Nations, a surge in energy prices has intensified cost pressures for households and businesses...
China witnesses growth loss due to Iran war disruptions
China's factory output grew 4.1% from a year earlier (slowest growth since July 2023), compared with a 5.7% rise in March...
Trump’s war, tariffs squeeze American wallets
President Donald Trump's dual strategy of striking Iran and imposing tariffs globally has triggered a severe economic crisis...
Islamic finance to witness growth slowdown in 2026, says S&P Global
As per the S&P Global, the Islamic finance industry is undergoing a high degree of unpredictability regarding the duration and scope of the Iran war...
IF Insights: UAE stands to gain after exit from OPEC
Fitch sees the UAE's oil production remaining unaffected in the post-OPEC world, with revenues getting boosted in the longer term...
Iran war shoots up global food prices at their three-year high
The FAO's April index rose to its highest since July 2022 as a result of the increased prices of soy, sunflower, rapeseed oil and palm oil...