Latest in Saudi ArabiaThe closure of the Strait of Hormuz dealt a “double whammy” to Filipino farmers, driving up fertilizer prices on top of already elevated costs from the broader Iran conflict, Senate President Win Gatchalian said Saturday, warning that the agriculture sector has borne a disproportionate share of…
Before 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…
The most punishing oil price surge in modern history isn’t over yet. Global oil prices extended their historic climb on Monday, March 30, as Yemen’s Houthi rebels launched their first attacks on Israel since the start of the Iran conflict, deepening fears that a widening war in the Middle East…
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