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July 12, 2026
 

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OIL

U.S. President Donald Trump speaks to reporters before boarding Air Force One at Joint Base Andrews in Maryland on Wednesday.
WORLD / Politics / ANALYSIS
May 23, 2026
Three months in, is Trump losing the Iran war?
With Iran’s grip on the Strait of Hormuz, its resistance to nuclear concessions and its government largely intact, doubts are growing that Trump can pull out a geopolitical win.
Pakistani Army chief Asim Munir (second from left) is greeted by Iranian Interior Minister Eskandar Momeni upon his arrival in Tehran as part of ongoing mediation efforts between Iran and the United States.
WORLD
May 23, 2026
Pakistan Army chief in Tehran as Iran weighs U.S. peace offer
But disagreements between Tehran and Washington remain “deep and extensive,” an Iranian Foreign Ministry spokesman said.
Iranian President Masoud Pezeshkian said Thursday "we will never back down” in talks.
WORLD
May 22, 2026
Progress in Iran talks undercut over uranium and Strait of Hormuz tolls
Conflicting statements on key issues left it unclear if the U.S. and Iran were any closer to a deal after renewed threats of escalation in recent days.
Vessels sail through the Strait of Hormuz, as seen from Musandam, Oman, on Monday.
WORLD
May 21, 2026
Iran is consolidating control of Hormuz with checkpoints and diplomatic deals
With Iran now in de facto control of the strait, the system can involve intense vetting by the Iranian government and sometimes fees in exchange for safe passage.
U.S. President Donald Trump said he was ready to resume attacks on Iran, but added that he could wait a few days to "get the right answers."
WORLD / Politics
May 21, 2026
Trump says willing to wait for a few days to get ‘right answer’ on Iran peace deal
The ceasefire has yielded little progress, and soaring gasoline prices continue to ​weigh on the president’s approval ratings.
Naphtha shortages and a shrinking labor force mean those buying a new air conditioning unit may pay more than last year and then be forced to wait up to a month to have it installed.
JAPAN / Society / FOCUS
May 20, 2026
Installation delays and price hikes hit air conditioners just before summer
Fears of naphtha shortages and a smaller labor force mean those buying a new air conditioner may pay more than last year and then be forced to wait up to a month for installation.
Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung pose for a photo during their meeting in Andong, South Korea, on Tuesday.
JAPAN / Politics
May 19, 2026
At talks, Takaichi and South Korea’s Lee agree to bolster energy security
The move comes as concerns over energy supplies continue to rattle Asia amid the U.S.-Israeli war against Iran.
Alexander De Croo, head of the U.N. Development Program, is interviewed in Tokyo on Monday.
BUSINESS / Economy
May 19, 2026
UNDP head warns of food shortages amid surging fertilizer prices
High energy prices, inflation and the resulting instability will persist “at least until the end of the year,” UNDP Administrator Alexander De Croo also said in an interview in Tokyo.
A man brings an empty liquefied petroleum gas canister to a depot in New Delhi on Monday. India is the second-largest importer of LPG in the world and is suffering acute shortages of the fuel, used in cooking gas and industrial processes.
BUSINESS / Markets
May 19, 2026
How India’s cooking fuel shortage is driving up California’s gas prices
Both symptoms of the worst-ever energy supply disruption, they are directly connected and evidence of the effects across the global economy of the U.S.-Israeli war with Iran.
A drilling rig operated by Gazprom in the Kovyktinskoye gas field, the Power of Siberia gas pipeline project, near Magistralny, Irkutsk region, Russia, in 2021.
WORLD / Politics / FOCUS
May 19, 2026
Putin aims to unlock gas pipeline project to China in Xi talks
Russia hopes the turmoil in energy markets from the Middle East conflict will make China more flexible in contract negotiations for gas prices for a planned pipeline project.
A tourist watches the MT Desert Kite oil tanker carrying Russian oil in the Arabian Sea, Gujarat, India, on March 11.
WORLD / Politics
May 19, 2026
U.S. extends sanctions waiver on Russian oil to aid vulnerable countries
The action marks the second time the Treasury has allowed the sanctions waiver to lapse and subsequently extended it.
A woman walks past an anti-U.S. billboard depicting U.S. President Donald Trump and the Strait of Hormuz, in Tehran on Sunday.
WORLD / Politics
May 19, 2026
Trump says he paused attack on Iran as negotiations continue
An Iranian source said the U.S. may agree to release some of Tehran’s frozen funds and show more flexibility toward peaceful nuclear activity under supervision of the IAEA.
Cargo ships in the Persian Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, on March 11
BUSINESS / Economy
May 18, 2026
Iran war saddles global companies with $25 billion bill — and counting
Businesses are grappling with soaring energy prices, fractured supply chains and trade routes severed by Iran’s chokehold on the Strait of Hormuz.
The war in Iran is fueling currency crises in energy-importing countries, underscoring the need to accelerate the transition to electric vehicles and renewable energy to shield economies from fossil-fuel shocks.
COMMENTARY / World
May 18, 2026
The energy crisis is becoming a currency crisis
The biggest losers include the Egyptian pound, the Philippine peso, the South Korean won and the Thai baht.
A ship suspected of belonging to Russia's "shadow fleet," which was boarded by the Swedish coast guard outside Trelleborg, southern Sweden, on May 3
WORLD
May 18, 2026
Russia expands LNG dark fleet with four tankers to boost exports
The developments mean that there are now at least 20 tankers being used to ferry LNG from sanctioned Russian projects, according to tracking data.
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.
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 scientists identify neural mechanism that may explain why we dislike people
The aggressive mouse (left) used in the experiment and a mouse defending itself
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.
Over 70% of accommodations in Japan say they are understaffed amid tourism influx
The number of foreign visitors to Japan reached a high of 42.68 million in 2025.
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.
Japan’s largest exhibition of women photographers rights a wrong in cultural history
Miwa Yanagi’s “Elevator Girl House” series skewers the superficiality of gender roles through staged images.
Over 70% of accommodations in Japan say they are understaffed amid tourism influx
The number of foreign visitors to Japan reached a high of 42.68 million in 2025.
‘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.

Podcast

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

Longform

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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