Donald Trump’s war with Iran first closed the Strait of Hormuz this year. Demand for passage through the Panama Canal shot up to near its maximum capacity of 36 to 40 transits a day. The number of ships carrying fuel through the canal rose sharply as countries turned to American energy.
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The full economic impact of the Strait of Hormuz disruptions may not become clear until the second half of 2026, according to UNCTAD. Asia is by far the largest importer of Gulf crude and oil products. One-third of global seaborne fertilizer trade passes through the strait. Sudan receives 54 percent of its fertilizer imports from the Gulf.
Last month's twin quakes in Venezuela killed 4,829 people and injured 16,740. The recovery efforts have become the top priority after the quakes. The return to democracy in Venezuela has been put on hold. Acting President Delcy Rodríguez is working closely with the Trump administration. The opposition is frustrated.
Colin Reed reviews How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy by Soumaya Keynes and Chad Bown. It is a field manual for recognising economic coercion as an act of statecraft before it’s too late to respond.
Two earthquakes of rare magnitude struck Venezuela on June 24, seconds apart. Tens of thousands of people are still missing and help has not arrived yet. The state of La Guaira on the Caribbean coast was by far the hardest hit, with entire buildings collapsing there in seconds.
Donald Trump’s war with Iran first closed the Strait of Hormuz this year. Demand for passage through the Panama Canal shot up to near its maximum capacity of 36 to 40 transits a day. The number of ships carrying fuel through the canal rose sharply as countries turned to American energy.
By clicking the button on the right, you can exercise your privacy rights. We process your personal information to measure and improve our sites and service, assist our marketing campaigns and to provide personalised content and advertising. For more information see our privacy notice and our Cookie Policy.
The full economic impact of the Strait of Hormuz disruptions may not become clear until the second half of 2026, according to UNCTAD. Asia is by far the largest importer of Gulf crude and oil products. One-third of global seaborne fertilizer trade passes through the strait. Sudan receives 54 percent of its fertilizer imports from the Gulf.
Last month's twin quakes in Venezuela killed 4,829 people and injured 16,740. The recovery efforts have become the top priority after the quakes. The return to democracy in Venezuela has been put on hold. Acting President Delcy Rodríguez is working closely with the Trump administration. The opposition is frustrated.
Colin Reed reviews How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy by Soumaya Keynes and Chad Bown. It is a field manual for recognising economic coercion as an act of statecraft before it’s too late to respond.
Two earthquakes of rare magnitude struck Venezuela on June 24, seconds apart. Tens of thousands of people are still missing and help has not arrived yet. The state of La Guaira on the Caribbean coast was by far the hardest hit, with entire buildings collapsing there in seconds.