Oil Prices Surge Amid US Strikes on Iran and Strait of Hormuz Shipping Incident
Oil prices rose sharply on July 20, 2026, following US military actions against Iran and a fire aboard a vessel in the strategic Strait of Hormuz.
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Oil prices rose sharply on July 20, 2026, following US military actions against Iran and a fire aboard a vessel in the strategic Strait of Hormuz.
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The recent crisis around the Strait of Hormuz highlights the urgent need for enhanced resilience in energy, food, infrastructure, logistics, and data systems to shield the world from future global shocks.
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Japanese trading house Mitsubishi Corp. partners with U.S. grain giant Archer Daniels Midland to develop sustainable aviation fuel from soybeans and corn.
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The conflict between the United States and Iran escalated with a seventh day of strikes targeting military and infrastructure sites, as Tehran announced suspension of its commitments under a recent interim agreement.
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ASEAN foreign ministers will convene in Manila starting July 21 to discuss regional issues including Myanmar's civil war, while Indonesia's central bank signals continued currency stabilization efforts amid economic vulnerabilities.
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China's ability to adjust its oil imports has mitigated the impact of supply disruptions caused by tensions in the Strait of Hormuz, preventing a sharp spike in crude oil prices.
Nikkei Asia | Jul 19, 2026, 5:28 AMworld
Rising cash withdrawals and tax evasion tactics reflect growing economic challenges in Russia as the war with Ukraine continues.
BBC World | Jul 19, 2026, 3:39 AMShowing 505-528 of 950 articles.