US president has “paused” military mission to guide commercial ships through the vital waterway
With little slack in the system, soaring prices don’t give operators that much of an incentive to let rip
Leaving the oil cartel is not just a commercial decision — it reflects structural changes in global energy markets
Volatility is more damaging than higher prices and will cause merchandise flows to drop, according to Global Trade Alert
US president says there has been ‘great progress’ on a deal with Iran
Stocks near 8-year low ahead of summer travel season despite collapse in demand
Investing in alternatives to this and other maritime chokepoints is costly but necessary
Move comes as Europe looks to secure more supplies from producers outside the Middle East and Russia
The global economy will soon be running on fumes
Also in today’s newsletter, oil surges after US and Iran exchange fire
Executives warn that a prolonged energy shock would increase pressure to pass on costs to customers
Oil jumps to $115 and Treasuries sell off as Tehran targets UAE and US hits Iranian fast boats
The longer the Strait of Hormuz blockade continues, the more likely a crisis-like adjustment in rich economies becomes
Oil jumps to $114 as tensions flare up in Middle East
‘Somewhat counterintuitive’ indeed
Capping methane emissions would alleviate energy and climate crisis
Abu Dhabi’s Fertiglobe switches to land cargo to avoid Strait of Hormuz as soaring prices allow it to shoulder extra costs
With the Strait of Hormuz choked off, Riyadh focuses on Red Sea infrastructure
Middle East crisis throws travel and commodities into disarray
Middle East conflict forces Riyadh to postpone any response to the UAE’s decision to quit the oil cartel
The US president’s actions have inadvertently raised the appeal of renewable energy
Renewables funds attract biggest flows for 5 years, as focus shifts from climate change to geopolitical crisis
Crude output has risen to highest level since 2013 as demand soars to replace lost barrels from the Gulf
Petrol and diesel prices are rising more swiftly in America than other major economies including the UK and Canada
US supermajors stick to prewar strategies despite White House plea for more drilling to curb soaring petrol prices
