What Is the Strait of Hormuz and Why Is Iran Blocking It?
With attacks and threats, Tehran is using the world’s most important transit point for oil and gas as leverage against its enemies.
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With attacks and threats, Tehran is using the world’s most important transit point for oil and gas as leverage against its enemies.
The Trump administration is expected to begin a trade investigation into whether dozens of countries have policies to combat forced labor.
Trump’s agenda for the high-stakes meeting remains unclear to Beijing, Chinese analysts say, while American executives say they haven’t been invited along.
The conflict is reshaping travel patterns, energy dependencies, living costs, trade routes and diplomatic alliances.
The country has prioritized self-sufficiency in producing a crucial battlefield weapon, though weaning itself fully off cheaper Chinese components is difficult.
The price of oil had spiked to nearly $120 a barrel on Monday, drawing remarks by President Trump that he believed the war on Iran was “very complete.”
The U.S. markets fell at Monday’s open, while Asian and European markets tumbled as tensions in the Middle East led to more energy supply disruptions, rattling investors.
Brazil, China and Russia all denounced the U.S.-Israeli attacks, but other nations in the BRICS group haven’t, even though Iran is a fellow member.
The Persian Gulf is a major source of fertilizers, making the conflict disruptive to the global production of food.
The leaders of Japan and Canada are making a unified front on defense cooperation as President Trump raises the pressure over military spending.