The OPEC+ alliance is set to approve another modest increase in oil production quotas for June, pressing ahead with its supply strategy despite the ongoing closure of the Strait of Hormuz, one of the world’s most critical oil shipping routes, according to sources familiar with the matter. Planned Output Increase Continues “Business as Usual” Seven […]
Governments across Asia, Europe and Africa are rushing to shield their economies from the growing fallout of the war involving Iran, as global oil prices surge to their highest levels in years and financial markets react with sharp volatility. Energy markets were jolted Monday after escalating fighting in the Middle East raised fears of major […]
Senior officials from the United States and China resumed high-level trade negotiations in London on Tuesday, focusing on export controls and rare earth minerals, as both economic giants attempt to stabilize a fragile relationship that has caused global supply chain volatility. The talks, entering their second day, come just weeks after a preliminary trade agreement […]