3 d. ago Boom goes the deal? China’s Iran investments under fire, but Middle East beckons

Watching as missile bombardments threaten key shipping routes and blow up some of their trade deals in the Middle East, with Iran at the centre of the firestorm, Chinese exporters are feeling the heat. After finalising a deal with an Iranian buyer she met at China’s Canton Fair in April, Miya Yu, a trader of light industrial goods – valves, toys, aluminium containers, etc – collected the necessary materials to begin production and fill the order. Production never began. The contracted client...

Economics

6 d. ago Global Oil Prices Plummet 5% After Trump Authorizes Iranian Exports to China

Global Oil Prices Plummet 5% After Trump Authorizes Iranian Exports to China  kurdistan24.net

Politics

7 d. ago A Strait of Hormuz crisis could hit global oil, but China may be less vulnerable than it looks

A Strait of Hormuz crisis could hit global oil, but China may be less vulnerable than it looks  Business Insider

Events

8 d. ago Asian shippers fear spiralling costs as Iran threatens Strait of Hormuz closure

US air strikes on Iran sent oil prices soaring on Monday, leaving Asian shippers burdened with fresh costs on top of extra insurance premiums of US$1 million more per tanker, as Tehran threatened to close the Strait of Hormuz and paralyse the crucial sea lane. Up to 20 million barrels of oil pass each day through Hormuz, one-fifth of global supply, most of it destined for East Asia’s biggest economies – China, South Korea and Japan. The neck of water is controlled by Iran, whose parliament on...

Events

8 d. ago U.S. calls on China to prevent Iran from closing Strait of Hormuz and disrupting global oil flows

U.S. calls on China to prevent Iran from closing Strait of Hormuz and disrupting global oil flows  CNBC

Politics

2 w. ago US vaccine sceptics are now in charge. That’s bad news for the world

When US Health Secretary Robert F. Kennedy Jnr removed the vaccine advisory panel of the Centres for Disease Control and Prevention (CDC), he framed it as a move for the “restoration of public trust”. But the implications stretch far beyond domestic politics. In dismantling one of the world’s most respected sources of vaccine expertise, the United States is not just undermining its public health, it is ceding global scientific authority to China. Trump’s elevation of figures like Pete Hegseth,...

Politics

3 w. ago China's Export Restrictions Jolt Rare Earths Global Automakers Warn

China's Export Restrictions Jolt Rare Earths Global Automakers Warn  Crude Oil Prices Today | OilPrice.com

Events