Global Economy
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Why the World Fears a Hormuz Closure: The Economics of a Chokepoint
Every day, roughly one-fifth of the world’s oil moves through a single, narrow stretch of water between Iran…
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Iran Sets Preconditions for Nuclear Talks, Impacting Global Oil Prices
MUMBAI — For Indian businesses and consumers, the price of crude oil is the number that matters most.…
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Strait of Hormuz Disruptions Threaten Southeast Asian Household Costs
For millions of families across the Philippines and Southeast Asia, the confusion surrounding the latest US-Iran talks is…
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Iran’s Strait of Hormuz Action and AI Advance Signal Global Energy Shift
Last week, two events that seemed worlds apart landed on the same timeline. In the Persian Gulf, Iran…
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New Study Links Protestant Reformation to Lasting Economic Growth Patterns
LONDON — A new study published in May by RFBerlin argues that economists have been looking in the…
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Strait of Hormuz disruption reveals oil’s role beyond fuel
The crisis in the Strait of Hormuz did not start at sea. It started in the ground, decades…
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Iraq Oil Tanker Attack Kills One, Ignites Supply Fears
Two oil tankers are on fire in Iraqi waters after being struck by an unknown attacker on March…
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Iran Votes to Close Strait of Hormuz, Threatening Global Oil Supply
On June 22, 2025, Iran’s parliament voted to close the Strait of Hormuz, a narrow passage that handles…
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OPEC Nations Hold 79.5% of World’s Proven Oil Reserves
The Organization of the Petroleum Exporting Countries functions as an intergovernmental cartel that brings together leading oil‑producing and…
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Glencore’s 60% Zinc Market Grip Ripples Through Global Economy
A single statistic from 2010 underscores the outsized influence of Glencore plc: the Swiss-based commodity trader controls 60%…
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PETRONAS and Phoenix Petroleum Sign MoU for Downstream Marketing Collaboration in Philippines
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have agreed and signed a memorandum of understanding (MoU).…
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Crude oil prices stay muted in 1H amid altered oil flows tracking Ukraine war
The ongoing conflict in Ukraine has altered crude oil flows, affecting lives and communities globally. As the war…
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OPEC+ Holds 2M bpd Cut as Russia Rejects G7 $60 Cap
Moscow, December 6, 2022 — cybernewschronicle.com — Russia has a new problem. It is not just the European…
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Oil prices rise as OPEC+ maintains output cuts, China eases COVID rules
For millions of people around the world, the cost of filling up a car, heating a home, or…
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World Bank Warns Oil Spike Slashes Growth for Importers
China, March 9, 2022 — cybersentinelnews.com — Oil prices that have doubled since September will erase roughly one…
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World Bank: Oil Surge to Cut 1% Growth for 4 Nations
China, March 9, 2022 — cyberinktimes.com — The math is brutal and it lands on four countries already…
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Indonesia’s Budget Hit Hard by Plummeting Oil Prices Worldwide
JAKARTA — Finance Minister Sri Mulyani has delivered a stark assessment of the country’s fiscal outlook as global…
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