Tag - oil

 
 

OIL

People stand on the beach in Gujarat, India, near the MT Desert Kite oil tanker carrying Russian oil in the Arabian Sea, on March 11.
BUSINESS
Apr 8, 2026
Whether oil and gas or green tech, India depends on imports
​India imports 80% of its oil and gas, and while it produces some green minerals like copper and graphite, it is dependent on imports for others such as lithium, cobalt and nickel.
U.S. President Donald Trump is silhouetted as he waves upon arrival at Palm Beach International Airport in Palm Beach, Florida, on March 27.
WORLD / Politics
Apr 8, 2026
How Trump took the U.S. to war with Iran
In a series of Situation Room meetings, U.S. President Donald Trump weighed his instincts against the deep concerns of his vice president and a pessimistic intelligence assessment.
Finance Minister Satsuki Katayama said she is in close contact with Group of Seven counterparts.
BUSINESS / Economy
Apr 7, 2026
Japanese bond rout continues, taking 10-year yields to a 27-year high
Fiscal worries and inflationary pressures are being made worse by the war in the Middle East and oil shortage concerns.
Japan's government has asked major oil wholesalers to sell fuel directly to hospitals and other critical facilities.
JAPAN / Society
Apr 7, 2026
Wholesalers to sell fuel directly to medical institutions and transit operators
Designating hospitals and other institutions as critical facilities, the ministry asked wholesalers to supply fuel to them on a priority basis, officials said.
Iranian President Masoud Pezeshkian meets with Chinese leader Xi Jinping in Beijing in September. China is trying to leverage its close ties with Iran to present itself as a mediator in the U.S.-Israel-Iran conflict.
COMMENTARY
Apr 7, 2026
China can’t end the Iran war. But it can shape the endgame.
Beijing does have skin in this game and, therefore, incentive to find a solution.
The Jag Vasant vessel transferring liquefied petroleum gas at a port after transiting the Strait of Hormuz amid supply disruptions linked to the U.S-Israeli conflict with Iran, in Mumbai on April 1
BUSINESS
Apr 7, 2026
Hormuz closure divides the fortunes of Middle Eastern oil states
While much of the world faces further inflation and economic damage from the energy price rise, for Middle Eastern oil producers, the impact has ​depended on their geography.
An airplane of VietJet Airline taxis in front of the national flag carrier Vietnam Airlines airplane, at Noi Bai International Airport, in Hanoi on May 28.
BUSINESS / Companies
Apr 7, 2026
Asian airlines trim schedules and carry extra fuel as supplies tighten
European carriers are bracing for similar disruption after Iran’s closure of the Strait of Hormuz cut off nearly 21% of global seaborne jet fuel supply.
International Monetary Fund (IMF) Managing Director Kristalina Georgieva at the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, on Jan. 23
BUSINESS / Economy
Apr 7, 2026
Middle East war means ‘all roads’ lead to higher prices and slower growth, IMF chief says
Even if the conflict is swiftly resolved, the International Monetary Fund is set ‌to reduce its growth forecast and bump up its outlook for inflation.
Prime Minister Sanae Takaichi speaks during an Upper House Budget Committee session on Monday.
JAPAN / Politics
Apr 6, 2026
Japan arranging summit with Iran, Takaichi says
The prime minister’s comments come as Donald Trump warns Tehran that the U.S. will bomb Iranian power plants unless it opens up the Strait of Hormuz.
The Japan’s major naphtha producers have cut output of the oil byproduct, which is used in making such things as plastic bottles, construction materials and electrical appliances.
JAPAN
Apr 5, 2026
Japan can meet at least four months of naphtha needs, Takaichi says
The supplies include about two months of shipments procured from abroad and volume from domestic refiners.
A U.S. F/A-18F fighter jet prepares to launch from the flight deck of the USS Abraham Lincoln at an undisclosed location during Operation Epic Fury against on Iran on March 31.
WORLD
Apr 5, 2026
U.S. rescues airman as Trump and Israel pressure Iran ahead of deadline
The dramatic extraction resolved a crisis for U.S. President Donald Trump with the war on Iran in its sixth week.
U.S. President Donald Trump delivers remarks during a fundraising dinner at Union Station in Washington on March 25.
WORLD / FOCUS
Apr 5, 2026
Trump’s victory rhetoric undercut by downed U.S. jet in Iran war
The downing of a U.S. aircraft has pierced the aura of invincibility Donald Trump has sought to project.
A tanker loads crude oil at a national storage base in Fukuoka Prefecture on March 27. Official efforts to curb consumption in Japan could be needed by the summer if oil imports coming from the Strait of Hormuz have not resumed.
JAPAN / Society / FOCUS
Apr 5, 2026
Gasoline, diapers and drinks: Japan faces wide-ranging impact amid concern over oil
The government has assured the public that the supply of crude oil is sufficient for now, but efforts to curb consumption could be needed if the situation doesn’t improve.
A Shiite Muslim cleric looks on during a demonstration in solidarity with Iran and denouncing the U.S.-Israeli war against it, in Iraq's southern city of Basra on Saturday.
BUSINESS
Apr 5, 2026
Iran says Iraqi ships are allowed to use Strait of Hormuz
Traffic in the Strait remains a small fraction of the pre-war rate, when one-fifth of the world’s oil and LNG sailed the narrows connecting the Persian Gulf to the Indian Ocean.
A U.S. Air Force F-16 fighter jet releases a JASSM-ER missile during a test over the Gulf of Mexico in September 2018.
WORLD
Apr 5, 2026
U.S. deploys bulk of stealthy long-range missile for Iran war
The order to pull JASSM-ER cruise missiles from Pacific stockpiles was issued at the end of March.
A U.S. Air Force F-15E fighter jet lands during Exercise Point Blank at RAF Lakenheath in England on Jan. 27. Iran shot down one of the jets over the country, U.S. officials and Iranian state-affiliated media said on Friday.
WORLD
Apr 4, 2026
Downed jets raise new perils for Trump as Tehran hunts for missing U.S. pilot
The incidents show the risks still faced by U.S. and Israeli aircraft over Iran despite assertions that their forces had total control of the skies.
Industry minister Ryosei Akazawa speaks during a news conference on parliament in Tokyo on Friday.
BUSINESS
Apr 4, 2026
Oil bypassing Strait of Hormuz set to arrive in Japan from May
Over 90% of Japan’s oil imports have come from the Middle East, and most of them have come via the strait.
Iran's grip on the Strait of Hormuz, the world’s most vital oil artery, provides the only real leverage it has over the United States.
WORLD
Apr 4, 2026
U.S. intelligence warns Iran unlikely to ease Hormuz Strait chokehold soon
Tehran’s grip on the world’s most vital oil artery provides the only real leverage it has over Washington.
U.S. President Donald Trump prays during a group prayer during the National Prayer Breakfast in Washington on Feb. 5.
WORLD / Politics / FOCUS
Apr 4, 2026
For some around Trump, war on Iran is a Christian calling
In a war against a country led by Shia Muslim clerics, the U.S. is also invoking religion, with some officials casting it as almost a divine mission.
Then-Prime Minster Fumio Kishida meets with Sheikh Mohammed bin Zayed Al Nahyan, president of the United Arab Emirates, in Abu Dhabi, in July 2023.
COMMENTARY / Japan
Apr 3, 2026
Beyond oil: Why UAE-Japan ties matter more than ever
The UAE supplies roughly a quarter of Japan’s crude oil imports, reinforcing its role as a reliable partner in an increasingly uncertain energy landscape.

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