🎯 Today's Emerging Markets Pulse
Oil markets near ‘red zone’ as Iran crisis slashes supply
IEA chief Fatih Birol warned that global oil markets could slip into a “red zone” by July‑August as inventories shrink and fresh Middle‑East exports dry up. He said the Iran‑related conflict has removed roughly 14 million barrels per day from supply, the largest shock since the crises of 1973, 1979 and 2022.
Also developing:
🚀 Top Emerging Markets Headlines
Maths Behind Hormuz Toll: Is Paying Iran for Transit Cheaper than Blockade?
Economics of Hormuz closure are skewed towards Iran, so why won't the vessels just pay Tehran and sail away?
Al Jazeera
China Threatens Retaliation over New EU Tool to Curb Chinese ‘Overcapacity’
Impose a so-called 'overcapacity instrument' aimed at reducing Chinese exports and we will hit back with "resolute countermeasures", Beijing has warned the EU.
EUobserver (EU)
Iran War Inflation Threat, US's Poland Troops U-Turn, More
Source: Bloomberg, 0:00
Bloomberg — Business
Cuba Clash, Putin Visits Beijing, Xi May Go to North Korea
China criticised the United States for filing criminal charges against former Cuban president Raul Castro, as the Trump administration stepped up pressure on the Communist-ruled Caribbean island. “The United States needs to stop wielding the big stick of sanctions and judicial measures against Cuba, and stop threatening Cuba with force at every turn,” Chinese foreign ministry spokesman Guo Jiakun said on Thursday. Russia also said that US actions “cannot be condoned”. The US on Wednesday...
South China Morning Post — Economy
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Exclusive: Rick Scott‘s Bill Targets China’s ‘Six Little Dragons’ Tech Firms Really? Who is advising Congress on these issues? https://t.co/i7afJFWOsv via @BreitbartNews
Thread by @Gmbutts
Sales of cars powered by oil and gas peaked a decade ago. You’d never know it in North America, but the fossil fuel era is dying quickly in every growth market for private transport. The US/Israel war on Iran will accelerate its demise. Source: @ourworldindata