United States carrier Delta Air Lines has resumed direct flights to the city after the pandemic, launching a daily service to Los Angeles amid surging fuel prices. Jeff Moomaw, the airline’s vice-president for Asia-Pacific, said on Monday that it would take some time to increase services connecting the city to more destinations as the carrier…
Aramco has used its East-West Pipeline to bypass Hormuz and transport crude to the Red Sea. 2 min read Last Updated : May 10 2026 | 2:47 PM IST The world has lost about 1 billion barrels of oil over the past two months and energy markets will take time to stabilise even if…
China’s exports of clean technology climbed in March, reinforcing signs that manufacturers are benefiting from rising global demand for alternative energy sources as traditional supplies are roiled by the Iran war.The most notable growth came in shipments of lithiumion batteries and electric vehicles, with an annual increase of 34% and 53%, according to data released…
The global energy crisis caused by the closure of the Strait of Hormuz is only the beginning of the economic cost of the war with Iran. I study how institutions affect businesses and supply chains, and I expect food prices to rise next, with high prices lasting even after whatever point hostilities end. Along with…