Tag - oil

 
 

OIL

Japan’s corporate goods prices rose 7.1% in June from a year earlier, the Bank of Japan reported Friday.
BUSINESS / Economy
Jul 10, 2026
Japan’s producer prices rise at fastest pace since early 2023
The measure of input prices for Japanese firms rose 7.1% in June from a year earlier, the Bank of Japan reported.
The Burj Khalifa and downtown skyline in Dubai in 2021. After a yearslong boom, UAE property markets are showing signs of strain and analysts have flagged risks to expatriate inflows and tourism-linked demand if tensions persist.
BUSINESS / Companies
Jul 9, 2026
Gulf-based firms set to reveal toll of Iran war in quarterly earnings
The fortunes of regional economies largely depend on how reliant they are on the Strait of Hormuz that provides the only sea access to the Gulf.
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, on Wednesday
WORLD / Politics
Jul 9, 2026
Trump wants to leave the Iran war behind. That won’t happen soon.
More than three weeks ​after a “memorandum of understanding” between the U.S. and Iran, the flare-up highlights some of the difficulties Trump must face.
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, on June 16
WORLD / Politics
Jul 9, 2026
How Iran’s ‘golden weapon’ of Hormuz became a bigger priority than its nuclear program
Iranian leaders now see the Strait of Hormuz as their strongest card in a host of disputes with the West, and the ‌reason Washington ‌ended the war.
Vessels in the Strait of Hormuz, as seen from Musandam, Oman, on July 1
WORLD / Politics
Jul 8, 2026
U.S. strikes Iran and blocks oil sales in new test of ceasefire
The attacks underscore the continued risks to commercial shipping through the Strait of Hormuz, even with military forces protecting vessels that use a route near Oman’s coastline.
Mourners gather to pay tribute to Iran's slain supreme leader Ayatollah Ali Khamenei at the Grand Mosalla on the second day of funeral ceremonies in Tehran on Sunday.
WORLD
Jul 7, 2026
Iran reportedly fires missiles at commercial ships in Strait of Hormuz
Two commercial ships suffered ‌significant damage ‌but had no casualties, according to the report that cited U.S. officials.
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, on Wednesday
BUSINESS / ANALYSIS
Jul 6, 2026
World absorbs historic Iran war oil supply loss, but depleted stocks bring risks
Replenishing oil stocks, never cheap, has likely been made more expensive by the war.
Vessels at the Strait of Hormuz, as seen from Musandam, Oman, on July 1
WORLD
Jul 6, 2026
Oil and gas tankers cross Hormuz via Oman-side route after U-turns
The oil market is fixated on what’s moving through Hormuz and how, as ships try to avoid Iran’s military as they come and go.
A vessel in the Strait of Hormuz near Bandar Abbas, Iran, on June 30
WORLD / Politics
Jul 5, 2026
Iran envoy says friendly nations to get ‘special’ Hormuz fee treatment
The initial peace deal stated that ships would transit the strait free of charge for 60 days, but it remains unclear what will be in place after that period.
Vessels in the Strait of Hormuz, as seen from Musandam, Oman, on June 18
BUSINESS / Economy
Jul 4, 2026
European nations now believe some Hormuz fees are inevitable
Privately, some Gulf Arab officials hold the same view, sources said, though this is not necessarily the formal position of their governments.
A satellite image shows an oil terminal at Kharg Island, Iran, in February.
BUSINESS / Economy
Jul 4, 2026
Iran exploring oil sales to Japan, with buyers seeking longer sanctions waiver
Three Japanese buyers were looking at possible crude oil purchases from Iran, ​their first since 2019, said two Iranian sources.
Wind turbines generate energy from strong easterly winds on the Shonai Plain in Yamagata Prefecture. Despite the oil crisis caused by conflict near the Strait of Hormuz, and concerns instability in the region could continue to impact supply and the price of imports, the administration of Prime Minister Sanae Takaichi does not seem to be drawing on the war as a pretext to hasten progress toward Japan's renewable goals.
JAPAN / Society / FOCUS
Jul 3, 2026
Iran war exposed, but hasn’t changed, Japan’s reliance on imported oil
Japan received over 93% of its oil imports through the Strait of Hormuz last year before it was effectively closed.
Police escort Serhii K. to a helicopter following a hearing with the German Federal Public Prosecutor in Karlsruhe, Germany, in November 2025.
WORLD
Jul 2, 2026
Germany charges Ukrainian over Nord Stream pipeline blasts
The development moves one of Europe’s ‌most politically ‌sensitive sabotage cases closer to trial.
Women cross a street past a mourning billboard depicting Iran's slain supreme leader Ali Khamenei, who was killed in a strike on the first day of the US-Israeli war against the Iran on Feb. 28, in Tehran on Tuesday ahead of his public funeral.
WORLD / Politics
Jul 1, 2026
Iran says it won’t meet with U.S. envoys, clouding prospects for peace deal
Tehran also said the two ​sides must still sort out the terms of a ceasefire before addressing topics, such as its nuclear program.
Higher crude oil and naphtha prices have pushed up the costs of packaging and raw materials, leading to price increases mainly for processed foods, including instant noodles, and bread products.
BUSINESS / Economy
Jun 30, 2026
Japan to see price hikes for 2,566 food items in July
Higher crude oil and naphtha prices have pushed up the costs of packaging and raw materials, leading to price increases mainly for processed foods like instant noodles.
Vessels anchored around Qaboos Port in Muscat, Oman, on June 22.
WORLD
Jun 30, 2026
Iran ratchets up talk of controlling Hormuz ahead of new talks
That stance will add to the pressure around the next round of talks, which the U.S. has said are set to take place in Qatar on Tuesday.
People cross a street past a billboard depicting Iran's slain supreme leader Ali Khamenei kissing the slain Islamic revolutionary guards commander Qasem Soleimani near the shrine of Imam Hussein Iraq's holy city of Karbala, displayed on the facade of a building in Tehran on Monday.
WORLD / Politics
Jun 30, 2026
U.S. and Iran negotiators head to Doha, but meeting uncertain
U.S. President Donald Trump is sending his son-in-law Jared Kushner and his envoy Steve Witkoff to lead the negotiating team, according to his ​press secretary Karoline Leavitt.
Shoppers carry groceries in plastic bags as they walk through a traditional market in Keelung, Taiwan, on June 9.
BUSINESS
Jun 29, 2026
Asia’s vendors grapple with rising costs of ever-present plastics
Vendors say they do not have a practical alternative to the plastic products they use on a daily basis.
U.S. President Donald Trump appears on a screen, during an event organized by the U.S. Mission to Belgium to mark the 250th anniversary of American independence, in Brussels on Sunday.
WORLD / Politics / FOCUS
Jun 29, 2026
Trump’s U-turn on Iran sanctions would unravel decades of curbs
Iran is one of the most sanctioned nations on Earth but Washington is attempting a stunning reversal to open the Strait of Hormuz, lower energy prices and end its unpopular war.
U.S. President Donald Trump at an event in the Oval Office of the White House in Washington on Friday
WORLD
Jun 28, 2026
U.S. and Iran clash, putting fragile deal under growing strain
The exchanges underscored the fragility of a Pakistan-brokered peace process aimed at ending a war launched by the United States and Israel in February.

Longform

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