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July 11, 2026
 

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OIL

An Iranian woman celebrates in Tehran’s Valiasr Square on Monday. The U.S.-Iran agreement may bring a temporary end to hostilities but is unlikely to resolve the underlying tensions.
COMMENTARY / World
Jun 17, 2026
Peace with Iran won’t end conflict in the Gulf
Fundamentally, the deal will mark more of an intermission than a conclusion: It would entrench rather than end the struggle between America and Iran.
Shipping flows through the Strait of Hormuz remain significantly down compared to prewar levels, though a growing number of oil tankers and other ships have been transiting the waterway under the cover of darkness in recent weeks.
BUSINESS / Markets
Jun 16, 2026
Shippers and oil giants seek clarity on U.S.-Iran peace deal
While U.S. President Donald Trump has posted on social media that ships are starting to move through the strait, there are still urgent questions to answer.
A billboard displaying Iran's national flag at Enghelab Square in Tehran on Sunday. The nation remains a formidable and undefeated force.
WORLD / FOCUS
Jun 16, 2026
Persian Gulf recalibrates as Iran emerges intact from war
The region has emerged from one of its most dangerous crises in decades with Iran politically emboldened and Persian Gulf confidence in U.S. protection deeply shaken.
An Iranian woman waves a national flag next to a billboard depicting slain supreme leader Ayatollah Ali Khamenei at Valiasr Square in Tehran on June Monday.
WORLD / Politics
Jun 16, 2026
Trump’s Iran accord offers exit from war — and fresh political risks
The move exposes the U.S. president to criticism from within his party, skepticism from allies and questions over whether the deal will hold.
Despite higher oil production and U.S. oversight of Venezuela's oil revenues, the country's currency is weakening, inflation is accelerating and economic conditions are deteriorating.
COMMENTARY / World
Jun 15, 2026
The mystery of Venezuela’s missing petrodollars
Venezuela’s oil production is rising, yet its currency is depreciating, inflation is accelerating and foreign exchange remains scarce.
A drone view of the oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra on April 24. What started as a supply shock following the U.S.-Israel-Iran war has become a demand story.
COMMENTARY / World
Jun 15, 2026
Peak oil demand arrives sooner than expected
Amid the disruptions caused by the US-Israeli-Iran war, countries have begun adapting to life with less oil.
Urea, ammonium phosphate, and potassium chloride — raw materials for chemical fertilizers — are almost entirely imported in Japan.
JAPAN / Society / FOCUS
Jun 15, 2026
Fertilizer prices rise in Japan due to Strait of Hormuz squeeze
While shortages like those for naphtha have yet to emerge, warnings of an international shortage have been issued amid uncertainties in the Middle East.
U.S. President Donald Trump speaks at the White House in Washington on Thursday.
WORLD / Politics / ANALYSIS
Jun 15, 2026
Trump veers toward exit in Iran war but risks loom
The deal appears short of many of the goals Trump outlined in the early days of the conflict, leaving the U.S. looking strategically worse off than it did before he went to war.
Vessels in the Strait of Hormuz, as seen from Musandam, Oman, on Sunday
WORLD / Politics
Jun 15, 2026
Iran and U.S. agree to halt war and reopen Hormuz, sending oil prices tumbling
While still a framework, the deal marked the biggest breakthrough toward resolving a conflict that has killed thousands and upended energy markets.
Russia's shadow fleet vessels wait in the unofficial anchorage area in the Gulf of Finland near Vaindloo, Estonia, on April 10, 2026.
WORLD
Jun 14, 2026
U.K. intercepts Russian shadow fleet vessel in Channel: ministry
The ships — usually aging tankers with dubious ownership — are banned from accessing U.K. ports and services.
The Eneos Endeavor supertanker arrives at a refinery in Yokohama on Saturday.
JAPAN
Jun 11, 2026
Japan’s July oil imports to return to pre-Iran war level, Takaichi says
Japan relied on the Middle East for over 90% of its oil imports but has significantly diversified its supply chain.
Vessels are anchored in the Strait of Hormuz, as seen from Musandam, Oman, on Wednesday.
WORLD
Jun 11, 2026
Oil surges as fresh U.S. strikes on Iran threaten fragile truce
Brent crude surged over 2% to trade above $95 a barrel, while West Texas Intermediate advanced toward $93, before paring gains after the U.S. ended a brief campaign of strikes.
Prime Minister Sanae Takaichi says it is "more convenient to publicly recognize companies that cooperate" with releasing their inventory than to enforce anti-hoarding laws.
JAPAN / Politics
Jun 9, 2026
Takaichi reluctant to resolve naphtha bottleneck by enforcing laws
With naphtha-made products still in short supply, the prime minister’s government is facing questions on using two laws to punish hoarders.
Security forces stand guard during a rally by supporters of the Iran-backed Houthi movement in Sanaa, Yemen, on May 18.
WORLD / Politics
Jun 9, 2026
Why Houthi threats on Red Sea shipping could mean more pain for oil markets
Yemen’s Tehran-aligned militant group said it would ban ships linked to Israel from the Red Sea after Israel renewed its ⁠military attacks on Iran.
People attend the International Air Transport Association (IATA) Annual General Meeting in Rio de Janeiro, Brazil, on Saturday.
BUSINESS
Jun 8, 2026
Global airlines slash 2026 profit forecast on fuel shock from Iran war
The downgrade underscores airlines’ exposure to geopolitical shocks and fuel volatility.
Prime Minister Sanae Takaichi answers a question during a House of Representatives budget committee session in Tokyo on Thursday.
JAPAN / Politics
Jun 5, 2026
Takaichi still highly popular despite slide in approval ratings
The lower ratings in two of three recent media polls come amid concerns over rising prices and the availability of crude oil-derived naphtha due to the Middle East conflict.
A crude oil tanker and a bulk carrier anchored off Long Beach, California, last month. Conflict in the Middle East has sparked a global fuel crunch.
BUSINESS
Jun 4, 2026
Oil falls as Israel and Lebanon agree to conditional ceasefire
The oil market’s main focus remains on the Strait of Hormuz, a key waterway through which one-fifth of global crude normally passes.
Kuwaiti officials inspect damage inside a terminal at Kuwait International Airport following a drone and missile attack on Wednesday.
WORLD
Jun 4, 2026
After strikes against Kuwait, Lebanon ceasefire raises hopes of progress for Iran deal
Iranian attacks damaged Kuwait’s airport and injured dozens while the U.S. military carried out strikes near the Strait of Hormuz.
India’s oil demand growth this year could tumble to its lowest level since the pandemic as the fallout from the Middle East conflict saps fuel consumption.
ASIA PACIFIC
Jun 3, 2026
India’s oil demand growth set for post-pandemic low amid war crunch
India is heavily reliant on imported crude and fuels, and the Iran war has led to surging energy prices that are squeezing state-run refiners and weighing on the broader economy.
The Iran war highlights how geopolitical instability can become politically useful, allowing leaders to consolidate support and exert pressure on rivals even as ordinary citizens pay the human and economic price.
COMMENTARY / World
Jun 3, 2026
The politics of chaos in the Iran conflict
As long as chaos remains politically and economically rewarding, such conflicts will remain difficult to contain.
China’s demand for Soviet-style apartments shows limits to revival
Apartments built during a Soviet Union-inspired construction drive in the 1970s and 1980s tend to suffer from poor insulation and outdated plumbing, but they are seeing a revival in interest due to their attractive locations.
Japanese payment processor’s collapse hits banks and restaurants
Zentoshin served around 200,000 shops, many of which rely on early payments to maintain cash flow, raising concerns over their financial stability following the disruption.
Lenders seek $700 million after Japanese payments firm’s collapse
The financial failure of Osaka-based Zentoshin has left 63 creditors with claims totaling ¥115.16 billion, according to Tokyo Shoko Research.
Trump says ‘Japan’ instead of Iran at meeting in Ankara
U.S. President Donald Trump speaks at a news conference during a NATO leaders' summit in Ankara on Wednesday.
World’s first fully sealed vertical-farming facility opens in Tokyo
Fully sealed units are stacked on top of each other at Plantx's vertical-farming facility in Tokyo's Koto Ward on Wednesday.
‘Princess Mononoke’ comes alive in Super Kabuki staging
The “Princess Mononoke” adaptation was created under Shochiku’s Super Kabuki initiative, a modern form of kabuki with more technology in staging and open to pop culture collaborations.
The beating heart inside ‘Human Vapor’
Different forms of love and connection form the emotional backbone of Netflix’s “Human Vapor,” says actor Shun Oguri, who plays troubled detective Kenji Okamoto.
Japan bets on character IP to drive global growth
Born on social media platforms in 2022, Opanchu Usagi has become a major hit, especially among Generation Z.
Filmmaker explores history of discrimination against foreign nationals in Japan
Takashi Nishihara, the director of "Now and Then," in Tokyo on Wednesday. The director has spent 10 years traversing politically charged terrain while exploring youth-driven grassroots political movements that scrutinize the status quo.
Okinawa’s prized seaweed under threat as oceans warm
Local harvesters gather <i>mozuku</i> during low tide at Hyakuna Beach in the city of Nanjo, Okinawa Prefecture. As the planet warms, rising ocean temperatures are placing increasing pressure on the seaweed industry.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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The Terasaka Rice Terraces are seen with Mount Buko in the background.
What Yokoze can teach Japan about rural revival
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