Latest in IranBefore the first US-Israeli strikes on Iran in March, the world was not bracing for an oil crisis—it was sitting on too much oil. That is the argument an economist is making as he pushes back against the prevailing assumption that high fuel prices are a permanent new reality. University of Asia…
President Ferdinand Marcos Jr. made a striking claim in a television interview: a reset of the Philippines’ ties with China was, in his words, “happening now.” Speaking to Bloomberg, he also said the ongoing conflict in the Middle East, which prompted him to declare a national energy crisis after…
U.S. President Donald Trump said he would again extend a deadline for Iran to reopen the Strait of Hormuz or face potential strikes on its energy infrastructure, even as Tehran rejected a 15-point U.S. proposal to end the conflict as one-sided. “Talks are ongoing and, despite erroneous statements…
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