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July 01, 2026
 

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OIL

A ship remains anchored in the Strait of Hormuz near Larak Island, Iran, on Saturday.
WORLD / Politics
May 18, 2026
U.S. and Iran far from Hormuz deal as Trump says clock is ticking
Iranian threats on shipping in the Persian Gulf have brought the region’s energy exports to a near-standstill, giving Tehran significant leverage in talks with the U.S.
Leaders and other officials of the Association of Southeast Asian Nations pose for a group photo during the opening ceremony of the 48th ASEAN summit in Cebu, Philippines, on May 8.
COMMENTARY / World
May 17, 2026
Why ASEAN chose silence amid the growing Gulf crisis
In Cebu, much of the summit’s energy went into drafting a statement broad enough to avoid offending any member state.
U.S. President Donald Trump attends a dinner event in the Rose Garden of the White House in Washington on May 11.
WORLD / Politics / ANALYSIS
May 16, 2026
Trump’s geopolitical brinkmanship has hit a wall with Iran
The continuing impasse with Iran comes as Trump faces domestic pressure over high U.S. gasoline prices and his own low approval ratings.
Japan’s corporate goods prices in April posted their biggest rise in 12 years, driven by higher oil and naphtha prices, the Bank of Japan said.
BUSINESS / Economy
May 15, 2026
Japanese producer prices jump by the most since 2014, backing case for rate hike
The measure of input prices for Japanese firms rose 2.3% in April from a month earlier, a full point above the highest estimate in a survey of economists.
A man fuels up his vehicle at a gas station during a gas giveaway event in Chicago last month. More than 6 in 10 Americans say their household's finances have taken a hit from higher gas prices, according to a poll taken in May.
WORLD / Politics
May 15, 2026
White House scrambles for gas-price relief as Iran war drags on
Gasoline prices are averaging more than $4.50 a gallon nationwide, and historically, $4 per gallon has been a level that triggers public backlash and economic anxiety.
An Eneos gasoline tanker truck in Yokohama. An Eneos crude oil supertanker has passed through the Strait of ​Hormuz, ship-tracking data shows.
BUSINESS / Companies
May 14, 2026
Japanese crude tanker emerges outside Hormuz in rare transit
The tanker is listed as part of refiner Eneos Holdings’ fleet.
The Reserve Bank of India headquarters in Mumba on April 8
BUSINESS / Economy
May 14, 2026
War turmoil saps Asian reserves with Philippines and India hit most
The slide in reserves adds to evidence that Asia has been one of the biggest losers from the Middle East conflict due to its reliance on energy imports.
Many municipalities across Japan say buzz online and anxiety over the situation in the Middle East has led to people panic buying garbage bags.
JAPAN / Society / FOCUS
May 13, 2026
Designated trash bags run low in Japan as fears grow over supply shortages
Reports of a naphtha shortage have driven some to hoard city-designated trash bags needed in some areas to dispose of waste.
Prime Minister Sanae Takaichi instructed industry minister Ryosei Akazawa to work to further increase the rate in July of crude oil procurement from sources outside the Middle East.
BUSINESS / Economy
May 13, 2026
Japan to procure 70% of its oil for June from outside Middle East
Prime Minister Sanae Takaichi also instructed industry minister Ryosei Akazawa to work to further increase the rate of crude oil procurement from alternative sources in July.
Mutual overconfidence and strategic miscalculation by both the U.S. and Iran are making renewed war increasingly likely because neither side fully understands the other’s strengths, weaknesses or willingness to endure pain.
COMMENTARY / World
May 13, 2026
The risk of the Iran war restarting is irrationally high
So long as the ceasefire holds and Hormuz remains blocked, the conflict is now a test of how well each side can withstand the economic and political strain inflicted by the other.
An annual rally to commemorate the 1979 Islamic Revolution in Tehran on Feb. 11, 2023. Iran has retained roughly 70% of its prewar missile stockpile, according to U.S. assessments.
WORLD / Politics
May 13, 2026
U.S. intelligence shows Iran retains substantial missile capabilities
Iran has retained roughly 70% of its prewar missile stockpile, according to U.S. assessments.
A passenger aircraft operated by Deutsche Lufthansa in Frankfurt, Germany, on April 13. The airline group — Europe’s largest — said it’s scrapping 20,000 uneconomic short-haul flights in the region this summer.
BUSINESS / Markets
May 13, 2026
How a jet fuel supply crunch threatens summer flights
Faced with higher fuel costs and lower supply, airlines have axed thousands of flights, grounded less-efficient aircraft and raised airfares.
Commuters drive past an anti-U.S. billboard referring to President Donald Trump and the Strait of Hormuz, installed on a building at the Valiasr Square in Tehran on May 10.
WORLD / Politics
May 13, 2026
Iran says U.S. must accept its peace plan or face ‘failure’
The war has spread throughout the Middle East and roiled the global economy despite the ceasefire, impacting hundreds of millions worldwide.
The first shipment of Central Asian oil arrived in Japan as the country seeks to diversify supply sources amid the effective closure of the Strait of Hormuz due to the war in Iran, according to the industry ministry.
BUSINESS
May 12, 2026
Crude oil from Azerbaijan arrives in Japan
Japan received the shipment of U.S. oil in late April and Russian oil earlier this month.
A tugboat guides the crude oil tanker Odessa, carrying UAE crude, after passing through the Strait of Hormuz this month.
COMMENTARY / World
May 12, 2026
Is the global financial system making the Hormuz shock worse?
The system is functioning as designed. It was built for a world of episodic shocks and orderly recoveries, not one characterized by persistent, overlapping sources of disruption.
An Iranian woman walks past an anti-Israeli mural on a street in Tehran on Monday.
WORLD / Politics
May 12, 2026
Trump says Iran ceasefire is ‘on life support’ as hopes for a deal fade
Disruptions in the Strait of Hormuz have forced oil ​producers to cut exports, and OPEC output dropped to the lowest in more than two decades.
Global stocks surged last week, pushing the S&P 500 and Nasdaq 100 to fresh records.
BUSINESS / Markets
May 11, 2026
Momentum-obsessed traders seek clues on Iran truce
Trump labeled Iran’s latest response to his proposal to end the 10-week conflict with the U.S. as unacceptable.
Dumplings at Hung Ming-he’s food stall at the Xizhou Public Market, one of the oldest traditional food markets in Taipei, on April 8.
ASIA PACIFIC
May 11, 2026
Taiwan’s plastic habit collides with shortages caused by a faraway war
Some producers have turned to the U.S., while others have sourced plastic goods from China, where many Taiwanese manufacturers have long-standing relationships.
U.S. President Donald Trump at the White House in Washington, on Sunday. He swiftly dismissed Iran's response to a U.S. peace proposal in a post on social media.
WORLD / Politics
May 11, 2026
Trump rejects ‘unacceptable’ Iran response to peace plan, causing oil prices to surge
Days after the U.S. floated an offer in the hopes of reopening negotiations, Iran has released a response focused on ending the war on all fronts.
The Solaris liquefied natural gas tanker sails near the Himeji LNG terminal in Himeji, Hyogo Prefecture, on April 22.
JAPAN
May 10, 2026
Japan diversifying shipping routes for Middle East oil
Japan is also trying to diversify oil procurement sources, looking at the United States and Russia, as the Middle East situation remains unstable.
Uruguay federation reportedly cancels charter flight after World Cup exit
Uruguay's Jose Maria Gimenez reacts after the team's loss against Spain at the 2026 FIFA World Cup on Friday.
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
India’s gig workers pay the price for exposure to New Delhi’s hazardous air
Rohit Kushwaha waits for a customer as he delivers his last parcel of the day, in New Delhi in January. His work as a delivery driver has helped pay the family’s bills, but has had a significant impact on his health.
Yen hits 40-year low against the dollar, breaking ¥162 level
Japan's currency broke ¥162 to the dollar on Tuesday in Tokyo.
Japan’s fertility system offers few safe paths for same-sex couples
A Tokyo Pride parade participant holds a sign that says "we want to be a married couple, not a couple."
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
A French ship with close ties to Japan combines arts and sciences on the high seas
Romain Troublé, the executive director of Tara Ocean Foundation, speaks to visitors aboard the Tara during a rare port call in Tokyo in April.
In Kyushu’s far south, Senti.U sparks a culinary destination
Chef Yasuhiko Uchida was born in Saga Prefecture but has made his home in Kanoya, Kagoshima Prefecture, since 2012.
‘The colors speak for themselves’: How Japan’s chroma bible went global
“A Dictionary of Color Combinations” is meant to function as a quick-reference guide for artists, designers and anyone with a passing interest in aesthetics as a quantifiable pursuit.

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
By Alex K.T. Martin

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