A support vessel maneuvers near the crude oil tanker ‘Devon’ as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran, on Mar. 23, 2018. Ali Mohammadi | Bloomberg | Getty Images Iran’s Kharg Island, a small but strategically vital strip of land…
The survey had outlined three possible global scenarios: • “Business as in 2025”• A disorderly multipolar breakdown• A systemic shock cascade in which multiple crises reinforce one another. While the probability of such a systemic shock was assessed as relatively low, the survey warned that its economic impact could be more severe than the 2008…
Oil prices jumped to their highest levels in months on Monday as Iran and Israel escalated attacks in the Middle East, disrupting shipments from the region. Bloomberg Creative Photos | Bloomberg Creative Photos | Getty Images Oil prices surged Friday after Qatar’s energy minister said the Middle East war could result in Gulf exporters shutting…
This photograph shows a page on the Marinetraffic website thats shows commercial ship traffic on the edge of the Strait of Hormuz near the Iranian coast on March 4, 2026. Julien De Rosa | Afp | Getty Images After slapping 25% “penalty” tariffs on India for buying Russian crude — revoked last month — the…