Economy
Global Energy Markets on Edge as Strait of Hormuz Diplomacy Stalls.
May 23, 2026 at 6:03 AM
As diplomatic efforts between the U.S. and Iran over the strategic Strait of Hormuz continue without a clear breakthrough, global oil prices remain volatile, putting pressure on supply chains and inflation.
Global News
Global Oil Markets Retreat as U.S. Halts Strait of Hormuz Escort Initiative.
May 6, 2026 at 11:42 AM
Crude oil prices have dipped, with WTI falling below $100, following President Trump's decision to pause the 'Project Freedom' escort plan in the Strait of Hormuz amid signs of potential diplomatic progress with Iran.
International News
US Imposes Sanctions on Chinese Oil Giant Over Iranian Crude Purchases.
April 25, 2026 at 7:25 AM
The US Treasury has sanctioned Hengli Petrochemical, one of China's largest independent refineries, for its role in generating significant revenue for the Iranian military through oil purchases.

















