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Global Trade

Gas Prices Hit Four-Year High as Hormuz Shutdown Squeezes Supply

A shutdown of the Strait of Hormuz has pinched global oil supply, sending fuel costs to multi‑year highs.

Strait of Hormuz Stays Largely Closed, Raising Shortage Risk and Straining Aid

Trump Signs Orders to Impose 10–41% Reciprocal Tariffs Starting August 7

Israel and Iran Intensify Airstrikes as Trump Sets Two-Week Deadline on US Involvement

Oil Tumbles after U.S. Tariffs Return and OPEC+ Eyes Bigger July Production Increase