Tag - oil

 
 

OIL

U.S. President Donald Trump, right, and Indian Prime Minister Narendra Modi during a news conference in the East Room of the White House in Washington on Feb. 13, 2025.
WORLD
Mar 25, 2026
Trump and Modi discuss Strait of Hormuz as India faces gas shortage
The war in the Middle East has cut off flows of crude oil and liquefied natural gas, driving up prices and sparking volatility in global markets.
Prices are displayed at a gas station in Nagano last week. Japan's government is making efforts to prevent the prices of petroleum products rising excessively.
BUSINESS / Economy
Mar 24, 2026
Oil tankers that did not transit the Strait of Hormuz to arrive in Japan soon
One departed from the Red Sea and the other from a port just beyond the strait
Fuel price pressures are hitting growers and winemakers at the same time as tariffs imposed by U.S. President Donald Trump.
BUSINESS
Mar 24, 2026
From Indian movies to Italian wine, Trump’s war on Iran to cause pain worldwide
Effects of the conflict are reaching industries that might’ve seemed insulated from the fallout, and that’s unlikely to be reversed quickly.
Japan’s core consumer prices, excluding fresh food, rose 1.6% year on year in February, the smallest increase since March 2022, the internal affairs ministry said Tuesday.
BUSINESS / Economy
Mar 24, 2026
Japan’s inflation slips below BOJ’s target for the first time since 2022
Bank of Japan Gov. Kazuo Ueda said he isn’t ruling out an interest rate hike at the next meeting in April, citing the need to monitor both upside and downside risks to prices.
Gantry cranes and shipping containers at the Yangshan Deepwater Port in Shanghai on May 14, 2025.
BUSINESS / Markets
Mar 24, 2026
Some Chinese exporters lift prices on rising costs due to war
Exporters across the world’s second-largest economy began raising prices last week as oil-linked costs surged and the conflict showed no sign of easing.
U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu at the Knesset on the day of Trump's address in Jerusalem last October
WORLD
Mar 24, 2026
Trump OK’d Iran operation after Netanyahu argued for joint killing of Khamenei, sources say
The Israeli leader argued there might never be a better chance to kill the Iranian supreme leader and avenge previous efforts to assassinate Donald Trump.
On Saturday, ​Trump had ‌warned that Iranian power plants would be destroyed if Tehran failed to "fully open" the Strait of Hormuz to all shipping within 48 hours. Trump set a deadline of around 7:44 p.m. EDT on Monday.
WORLD
Mar 23, 2026
Trump delays threat to bomb Iran power plants as he touts progress in talks
The price of the Brent crude oil ​benchmark was down around 7% near $104.
A cargo ship in the Gulf near the Strait of Hormuz amid the U.S.-Israeli conflict with Iran, on March 11
WORLD
Mar 23, 2026
Iran defies Trump’s Hormuz ultimatum with naval mine threat
The ramped-up rhetoric came after stark warnings that the world faces an energy crisis worse than both 1970s oil shocks combined if the U.S.-Israeli war with Iran drags on.
An electronic quotation board in Tokyo shows the Nikkei Stock Average dropping more than 2,500 points on Monday morning.
BUSINESS / Markets
Mar 23, 2026
Stocks slide in Japan as Strait of Hormuz fears amplify risk-off mood
The Topix index fell 3.4% to 3486.44, marking a slump of over 10% from its record high reached on Feb. 27. The Nikkei 225 fell 3.5% to 51,515.49.
A vintage car drives along an empty street as Cuba begins efforts to restore power after its grid collapsed for the second time in a week, amid a U.S. oil blockade that has dealt a major blow to the island's already ailing energy infrastructure, in Havana on Sunday.
WORLD
Mar 23, 2026
Power restored to Cuba after second nationwide blackout in a week
There have been seven nationwide blackouts since 2024, making life more difficult for Cubans, who fear food will spoil in refrigerators, among other problems.
Two men work next to a sign for CERAWeek in Houston, Texas, on Sunday.
BUSINESS / Markets
Mar 23, 2026
Middle East war to dominate Houston’s ‘Davos of Energy’
The attacks on critical energy facilities in Gulf countries have exacerbated a global oil and gas supply picture already upended by the de facto closure of the Strait of Hormuz.
U.S. President Donald Trump speaks at the White House in Washington on Friday.
WORLD / Politics
Mar 22, 2026
Iran warns Trump after he issues two-day ultimatum to open Hormuz
The latest threats signaled that neither side is willing to back down, with the war now in its fourth week and growing evidence of fuel shortages around the world.
Cargo ships are seen in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, in the United Arab Emirates, amid the U.S.-Israeli conflict with Iran on March 11.
JAPAN / Politics
Mar 22, 2026
Iran prepared to let Japanese ships transit Hormuz, FM says
While most G7 nations have poor relations with Iran, Japan has relatively friendly ties with the country, potentially giving Tokyo more diplomatic sway.
The liquefied natural gas production facility in Qatar's Ras Laffan Industrial City.
BUSINESS / Markets
Mar 20, 2026
Weeks of war are reshaping the global gas market for years to come
Three weeks of conflict in the Middle East have upended the entire energy supply chain and LNG may be one of the most acute pain points in an expanding crisis.
BOJ Gov. Kazuo Ueda speaks during a news conference in Tokyo on Thursday.
BUSINESS / Economy
Mar 19, 2026
BOJ stands pat amid growing Middle East uncertainty
The decision to maintain its policy rate at 0.75% was widely expected by the market and central bank watchers.
Flight cancellations caused by the Iran war are prompting European travelers to cancel trips to Japan.
JAPAN
Mar 19, 2026
Conflict in Iran impacting inbound travel to Japan
Hotels in Japan have seen cancellations from those planning to visit from Europe via major airports in the Middle East.
Oil storage containers and facilities in Germany. The cost of the EU's fossil fuel imports has risen by €6 billion since the start of the Iran war, putting massive upward pressure on the continent’s power prices.
ENVIRONMENT / Energy
Mar 19, 2026
Iran war energy shock sparks global push to reduce fossil fuel dependence
Ideas include expanding nuclear energy and renewables, growing strategic stockpiles and domestic production, and diversifying foreign sources of supply.
A gas station in Tokyo on Friday.
BUSINESS / Economy
Mar 18, 2026
Japan to roll out gasoline subsidies amid record-high prices
The national average retail prices of gasoline have exceeded ¥190 per liter.
A gas flare at the Dangote Industries oil refinery and fertilizer plant site in the Ibeju Lekki district of Lagos on March 2. The 650,000 barrel-a-day plant has been ramping up to full capacity since starting operations in 2024.
WORLD
Mar 18, 2026
African economies vulnerable as Gulf conflict chokes flow of fuel shipments
The squeeze is exposing how refinery closures and underinvestment have left much of the continent dependent on a single trade route.
A screenshot of the website run by Japanese snack maker Yamayoshi Seika shows the package of its flagship "wasabeef" potato chips, whose production has been halted due to the Iran crisis.
BUSINESS
Mar 18, 2026
Hormuz crisis takes a bite out of Japan’s potato chips supply
Snack maker Yamayoshi Seika has stopped producing six items — including its flagship Wasabeef potato chips — due to difficulty procuring heavy oil used in manufacturing.

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