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China’s economy is largely insulated from the recent global energy price spikes triggered by Middle East tensions. Although oil and gas import bills will rise, long‑term contracts, domestic coal dominance, and sizable strategic reserves limit cost pass‑through. The country’s low energy intensity and ability to shift higher costs to export markets further cushion the impact. Consequently, inflation may rise modestly but policy tightening is unlikely.
Amid the escalating war in Iran, investors have turned to U.S. technology equities as a defensive position. The International Energy Agency responded to the energy shock by releasing its largest‑ever strategic oil reserve drawdown, while U.S. consumer‑price inflation held steady...
Samsung Display CEO Chung Yi warned that the Iran‑related oil shock is driving up energy and raw‑material costs for the display maker. He noted that many key inputs, such as polymer films, are derived from crude oil, so price spikes directly...
Swiss shipping giant MSC Group has secured a 45‑year concession to develop a new container terminal at Snake Island Port in Lagos, partnering with Nigerian firm Nigerdock. The engineering, procurement and construction contract was awarded to ITB Nigeria and DEME...
A U.S. Supreme Court ruling trimmed the weighted tariff on Chinese goods from 32.4% to 22.3%, creating a temporary reprieve through July. Some exporters, like equipment maker Chen Zhuo, are accelerating shipments to lock in lower duties, while others remain...
Satellite imagery shows China rapidly expanding Antelope Reef in the Paracel Islands, deploying more than 30 dredgers and construction vessels. The reclamation effort, the first major South China Sea project since Beijing announced a halt over a decade ago, appears...
The Morning Brief podcast examines an unprecedented oil shock triggered by the effective closure of the Strait of Hormuz, cutting more than 10 million barrels of crude per day—about twice the 1956 Suez disruption. With virtually no spare production capacity, Brent crude...
Public debt has surged to record levels, while government wage bills remain rigid, averaging 10% of GDP across OECD nations. New research by de Mello and Jalles shows that higher wage‑bill ratios blunt the primary balance response to rising debt, especially...
Chinese mainland‑listed firms are set to outpace Hong Kong peers in earnings, driven by aggressive overseas expansion and a commodity price boom. Bloomberg estimates the CSI‑300’s average profit growth could hit 6.3 % in 2025 versus just 2 % for the Hang Seng....
The United States has opened a Section 301 investigation into alleged manufacturing overcapacity across 16 trading partners, including China, the EU, Japan, and Mexico. The probe gives the administration authority to impose new tariffs if state‑backed excess production is deemed...
The United States will release 172 million barrels from its Strategic Petroleum Reserve over the next 120 days, joining a 400‑million‑barrel drawdown coordinated by the International Energy Agency. The emergency release aims to ease the sharp rise in crude prices...
ASEAN negotiators convened in Manila to advance the Digital Economy Framework Agreement (DEFA), refining the draft over three days and targeting a November signing at the ASEAN Summit. The framework is designed to capture Southeast Asia’s projected $2 trillion digital economy...
Iran has escalated its rhetoric and threats around the Strait of Hormuz, a chokepoint that moves roughly one‑fifth of the world’s oil and LNG. The move is part of a broader narrative battle with the United States amid the ongoing...
South Africa’s foreign ministry summoned U.S. ambassador Leo Brent Bozell III after he labeled the "Kill the Boer" chant hate speech and likened Black Economic Empowerment policies to apartheid. The move underscores a widening diplomatic rift amplified by the Trump...
President Trump’s decision to intensify military pressure on Iran sparked a sharp rally in global oil markets, pushing U.S. gasoline prices above $3.50 per gallon for the first time in years. The price surge coincided with the lead‑up to the...
The Iran‑driven conflict has effectively shut down traffic through the Strait of Hormuz, a chokepoint that handles roughly half of the world’s oil tankers and a comparable share of container vessels. Disruption of Tier‑3 Middle Eastern suppliers—particularly chemicals, plastics, aluminum...
U.S. President Donald Trump told a Kentucky rally that the United States has "won" the war against Iran, claiming the destruction of 58 Iranian naval vessels. He emphasized that the U.S. will stay engaged to "finish the job" and avoid...
President Donald Trump announced that the United States will draw 172 million barrels from the Strategic Petroleum Reserve over the next four months, the first release since 2022. The move comes as the U.S. and Israel’s conflict with Iran has pushed...
China is intensifying its drive for energy self‑sufficiency by accelerating investments in low‑carbon technologies such as solar, wind, batteries and electric vehicles. The ongoing war in the Middle East, which has disrupted oil and gas imports, underscores Beijing’s anxiety over...
The Gulf conflict has jolted oil and gas supplies, reinforcing the long‑term economic case for clean‑energy projects. Yet the immediate fallout—rising inflation and tighter credit—could choke funding for low‑carbon initiatives. Analysts warn that the war’s duration and the speed of...
G7 leaders reaffirmed their commitment to Russia sanctions while confronting the ripple effects of the U.S.–Israeli conflict on Iran and global energy markets. They agreed to deepen coordination with Gulf partners to safeguard shipping lanes and stabilize oil supplies. A...
Dow Jones futures fell 1.1% as crude oil prices jumped above $90 per barrel after tanker attacks in Iraq and Iranian‑linked threats in Oman. The International Energy Agency called for a record 400 million‑barrel strategic‑reserve release, with the U.S. committing 172 million...
![[Sara Albrecht] Refund Tariffs the Right Way](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://wimg.heraldcorp.com/news/cms/2026/03/11/news-p.v1.20260311.e651f3bd62dd42b0826c913d354b87aa_T1.jpg)
The U.S. Supreme Court ruled recent tariffs unlawful, exposing a legal gap in how to reverse the economic fallout. Illinois Governor JB Pritzker proposes $1,700 checks for each household, totaling about $8.7 billion, to reimburse alleged consumer overcharges. The article argues refunds...
The United States reaffirmed its commitment to the EU‑U.S. trade agreement in a call between Treasury Secretary Scott Bessent and EU trade chief Maroš Šefčovič. The deal, signed last summer at Turnberry, caps European export tariffs at 15 percent and...
The United Nations Security Council adopted a resolution on March 12 demanding that Iran immediately stop its attacks on Gulf states and cease any interference with navigation through the Strait of Hormuz. The measure passed with 13 votes in favor...
India’s central bank faces mounting pressure to pause its rate‑cut cycle as West‑Asia oil price shocks reignite inflation concerns. A surge in Brent crude, coupled with fading food‑price base effects, threatens to push consumer inflation above the RBI’s 4% target....
The International Energy Agency announced it will release 400 million barrels of oil from members' emergency reserves, the largest drawdown in its history and more than double the 2022 release for Ukraine. The volume represents roughly 20 days of oil...
The United States, under Donald Trump, launched a war against Iran that immediately killed Supreme Leader Ali Khamenei, prompting Vladimir Putin to issue a rare public condemnation while acknowledging that the conflict mirrors his own vision of a rule‑by‑force world....
South Africa is walking a diplomatic tightrope as the United States‑Israel war with Iran intensifies, keeping a non‑aligned posture while trying to repair strained ties with Washington. President Cyril Ramaphosa has launched a probe into Iran’s participation in BRICS+ naval drills...
Escalating tensions in the Strait of Hormuz have driven global fertilizer prices up 50‑80%, raising the cost of key agricultural inputs. Shipping rates, marine insurance and energy prices have also surged, creating pressure on agro‑chemical supply chains. UPL Group’s COO,...
Nearly every Senate Democrat signed a letter to Defense Secretary Pete Hegseth demanding a swift investigation into a February 28 airstrike that hit a girls' school in Iran, killing dozens of children. Reuters reports U.S. investigators now consider it likely that U.S....
President Donald Trump told reporters he is not worried about potential Iran‑backed attacks on U.S. soil, despite an FBI alert warning California police of possible drone strikes on the West Coast. The warning follows U.S. and Israeli airstrikes on Iranian...
Ghana’s central bank announced a rebalancing of its international reserves, converting a portion of its gold holdings into foreign exchange. The move follows a Domestic Gold Purchase Programme that lifted gold stocks from 8.7 tonnes to over 40 tonnes, with a 62%...
The piece argues that the United States’ recent military actions against Iran are a continuation of a long‑standing American imperial habit that disregards international norms. It frames former President Donald Trump as both a symbol and accelerator of this “late‑imperial...
The looming conflict between Iran and Israel is pushing global oil prices higher, stoking concerns that the United Kingdom’s cost‑of‑living crisis could deepen. Analysts warn that tighter energy markets may lift household electricity and gas bills, while inflationary pressure could...
The GEP Global Supply Chain Volatility Index shows global manufacturing activity rose in February, driven by a surge in Asian factories that reached the busiest level since October 2022. North America’s index slipped into negative territory, indicating under‑utilized supplier capacity,...
The escalating war between Iran and the Taliban‑Pakistan front is jeopardizing Central Asia’s planned southbound trade routes. Ongoing fighting threatens the Uzbekistan‑Afghanistan‑Pakistan railway, the TAPI gas pipeline, and the CASA‑1000 power line, while U.S.–Israel attacks on Iran disrupt shipping and...
The Trump administration is set to announce new trade investigations under Section 301 of the 1974 Trade Act, targeting practices such as excess manufacturing capacity, forced labor, digital service taxes, and currency manipulation. The inquiries, led by the Office of the...
Guinea, now the world’s largest bauxite producer, is weighing export curbs as a glut has driven prices down roughly 50% since January 2025. Export shipments surged 25% to 183 million tonnes last year, far exceeding licence‑based production plans. The government is...
Two Democratic senators, Mark Kelly and Richard Blumenthal, introduced the Gas Prices Relief Act to suspend the 18.4‑cent‑per‑gallon federal gasoline tax until October 1. A companion bill will be filed in the House by Rep. Chris Pappas. The proposal aims to...
Maersk has begun sourcing marine fuel from the United States and Europe to supply its Asian fleet, after recent disruptions in the Strait of Hormuz left key Middle‑East and Asian bunkering hubs unable to meet demand. Chief commercial officer Karsten...
World leaders agreed to release 400 million barrels from strategic reserves, the largest coordinated IEA drawdown ever, to counter a sharp Brent price surge after the Iran war began. Despite the announcement, Brent crude rose to about $91 per barrel, indicating...
Bond market volatility spiked on Wednesday after three cargo vessels were struck near the Strait of Hormuz, pushing 10‑year U.S. Treasury yields from just above 4.14% to near 4.20%. The attacks revive concerns over oil‑supply disruptions, keeping Brent crude roughly...
Italian Prime Minister Giorgia Meloni announced that Italy will request an immediate suspension of the EU Emissions Trading System for fossil‑fuel‑fired power generators, arguing the scheme adds roughly €30/MWh, or about a quarter of household electricity costs. The move is...
Iran escalated its campaign against Gulf allies by launching drones that struck Dubai International Airport, wounding four people, and by hitting commercial vessels in the Strait of Hormuz. The Iranian military also announced plans to target banks and financial institutions...
Russian crude output slipped 0.6% in February, falling to 9.184 million bpd, as sanctions pressure persisted but a U.S. waiver helped Indian imports rebound. Saudi Arabia simultaneously boosted production to over 10.1 million bpd, citing a contingency plan amid escalating U.S.-Israeli strikes...
Ottawa has opened the Canadian market to Chinese electric‑vehicle imports, reviving a debate that first surfaced when Japanese automakers entered in the 1960s. At that time, unions feared job losses, but Japanese firms eventually built plants in Ontario, creating thousands...
Former US secretary of state John Kerry warned that the recent oil price surge caused by the war in Iran underscores the security risks of dependence on fossil fuels. He called for countries to achieve energy independence by accelerating deployment...
The International Energy Agency announced a historic release of 400 million barrels of emergency crude, the largest drawdown in its history and about one‑third of members’ total reserves. The move aims to temper soaring oil prices triggered by the U.S.–Israel conflict...
The Trump administration abandoned its long‑standing maximum‑pressure sanctions campaigns against Iran and Venezuela, turning to direct military operations to achieve regime change. Repeated sanctions over the past years failed to topple Tehran’s leadership or remove Nicolás Maduro, partly due to...
