WASHINGTON — The United States has launched a new military operation to ensure commercial shipping vessels can safely pass through the Strait of Hormuz, deploying scores of warships, fighter jets and drones to counter Iranian efforts that have threatened the narrow waterway that carries a fifth of the world’s oil. At a news conference Tuesday at the…
Stocks mostly advanced in Asia on Wednesday despite losses on Wall Street, while oil prices fell after the United Arab Emirates said it would leave Opec in a blow to the powerful oil cartel. US futures edged higher. Markets in Japan were closed for a holiday. Elsewhere in Asia, South Korea’s…
The World Bank on April 28, 2026, warned that the US-Israel war with Iran is set to trigger the largest global energy price surge since Russia’s 2022 invasion of Ukraine, even as the United Arab Emirates (UAE) exited the OPEC and OPEC+ on the same day, dealing a heavy blow to both oil exporting groups….