After the US–Iran memorandum, the key question for the global energy market is no longer only whether the political pause between Washington and Tehran will hold. The bigger question is whether the Strait of Hormuz will remain genuinely open and safe for tankers. At first, the signals looked encouraging: after the interim deal entered into…
Norway has begun a public consultation on draft legislation that would prohibit trade with Israeli settlements in the occupied Palestinian territories, according to the foreign ministry. The proposed law would prohibit the import of goods produced in Israeli settlements and ban exports to them. It would also prohibit the purchase of property in settlements, services…
The following excerpt is from “From Hormuz to Households: The Impacts of the Middle East Crisis on the Indian Economy,” ORF Special Report No. 310, Observer Research Foundation, June 2026. The India–Middle East–Europe Economic Corridor (IMEC), unveiled at the G20 Summit in New Delhi in 2023, was conceived as strategic insurance: a multimodal services architecture…
Norway’s Ministry of Foreign Affairs has proposed a bill to ban trade with Israeli settlements in occupied Palestine, declaring them an impediment to peace. The Norwegian government said on Friday that it had submitted a bill with legally binding stipulations for consultation. The proposal recommends prohibiting Norwegian citizens and companies from profiting from or supporting Israel’s illegal settlement enterprise….
ANKARA Türkiye and Germany discussed ways to deepen economic cooperation during a high-level meeting in the capital Ankara, Turkish Trade Minister Ömer Bolat said on June 19. Bolat met Germany’s Federal Minister for Economic Affairs and Energy Katherina Reiche as part of the 6th Term Meeting of the Türkiye-Germany Joint Economic and Trade Commission, or…
Markets: Gold down $49 to $4160 WTI crude oil up 94-cents to $77.54 US markets closed S&P 500 futures down 0.2% JPY leads, CAD lags The US was on holiday on Friday and that limited market moves to wrap up the week. There was news though as Israel and Hezbollah agreed to a ceasefire. The…
India-bound cargo ships are now sailing through the Strait of Hormuz after the United States ended its blockade of Iranian ports. This follows a peace deal, and India is studying the agreement to potentially revive economic ties, including energy trade and major connectivity projects like Chabahar Port and the INSTC. India-bound cargo ships are now…
Norwegian government announces consultation on new bill as it steps up policies regarding ‘unlawful’ Israeli activities. Norway’s government says it plans to ban all trade with Israeli settlements in the occupied Palestinian territory, and has announced consultation on a proposal for a new bill prohibiting such transactions. “The Israeli settlements in Palestine are in breach…
As global energy markets react to seismic geopolitical shifts, Nigerian consumers and businesses are watching closely to see when the relief felt on the international stage will reflect at local fuel stations. The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has called on refiners, depot owners and petroleum products importers to immediately…
EU leaders have nudged the European Commission to draft legal texts to restrict imports from Israeli settlers, following three months of inertia, which EU diplomats said had caused “frustration” in several capitals. “The European Council takes note of the Commission’s intention to present options before the Council meeting of 13 July 2026, in light of…
