A study released by Brown University’s Watson School of International and Public Affairs estimated that US consumers have paid over $37.3 billion in additional energy costs since Washington and Israel launched strikes on Iran on Feb. 28. Fuel prices surge across the United States The university’s Iran War Energy Cost Tracker showed that petroleum-related costs…
US Department of Energy moves to transfer 53.3 million barrels amid rising oil prices. Published On 12 May 202612 May 2026 The United States has announced its latest release of emergency oil stockpiles in coordination with the International Energy Agency (IEA). The US Department of Energy said on Monday that it had begun transferring 53.3 million barrels from the strategic petroleum…
The Middle East crisis has disrupted maritime trade routes and exposed a structural reality of the global economy. Currently, trade flows through several vulnerable corridors shaped by geography and geopolitics. Uncertainty is at its peak with the realisation that key shipping routes, the Strait of Hormuz, Bab-el-Mandeb, and the Suez Canal, have become strategic bottlenecks….
A three-day Russia-Ukraine ceasefire proposed by US President Donald Trump expired at 2100GMT on Monday. Trump said Friday that Moscow and Kyiv agreed to a truce for May 9-11, along with a 1,000-for-1,000 prisoner exchange, describing the move as a possible step toward ending the war. Trump’s statement “Hopefully, it is the beginning of the…
Nournews: The 40-day war, despite all the hardships and challenges it entailed, was also the source of strategic reflections and fundamental reassessments. While the core of this aggressive confrontation was military in nature, it activated a capacity that could act as a “geopolitical renewal” within the governance system. The 40-day…
Mega-project IMEC: This gigantic logistics network in Saudi Arabia is changing global trade Robot ports and high-tech trains: The gigantic master plan for Saudi Arabia’s logistics miracle Global shipping is mired in an unprecedented, ongoing crisis. Houthi attacks in the Red Sea, persistent tensions in the Strait of Hormuz, and blocked bottlenecks like the Suez…
Turkish Transport and Infrastructure Minister Abdulkadir Uraloglu has emphasised the critical need for enhanced transport connectivity and alternative trade routes as Türkiye and Belgium seek to expand economic cooperation. Speaking at a high-level economic panel in Istanbul attended by Belgium’s Queen Mathilde and a Belgian delegation, Uraloglu called for deeper collaboration and increased mutual investments…
Deputy Foreign Minister Sharren Haskel will travel to Athens on Tuesday for a diplomatic and economic visit aimed at strengthening Israel’s strategic partnership with Greece and Cyprus. The visit will focus on regional infrastructure, energy security, transportation links and defense cooperation, as Israel seeks to deepen its ties with Greece amid growing instability in the…
Türkiye and Belgium are set to explore new avenues of cooperation across key sectors, including defence and energy, during a high-level economic mission led by Belgium’s Queen Mathilde from May 10 to 14. The delegation is expected to hold extensive economic and trade talks covering areas such as energy, defence industries, logistics connectivity, and transportation….
WASHINGTON (AP) — Weeks before his trip to China, US President Donald Trump was already predicting on social media that his Chinese counterpart, Xi Jinping, would “give me a big, fat hug when I get there.” But Beijing’s deep economic ties to Iran, as well as trade tensions over tariff threats stretching back to Trump’s first…
