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IRAN

A worker unloads harvested sugarcane to a sugar mill in Meerut, Uttar Pradesh, India. Ethanol, made from crops such as sugarcane, rice and maize, is central to India's plan to cut costly oil imports and reduce planet-heating emissions from transport.
BUSINESS
May 6, 2026
Oil price rises bolster India’s ethanol push despite drawbacks
Ethanol, made from crops such as sugarcane, rice and maize, is central to India’s plan to cut costly oil imports and reduce planet-heating emissions from transport.
U.S. Secretary of State Marco Rubio during a news conference in Washington on Tuesday
WORLD / Politics
May 6, 2026
U.S. officials seek to maintain ceasefire with Iran; UAE says it was attacked
U.S. Secretary of State Marco Rubio characterized the effort to escort stranded tankers through the strait as defensive in nature.
A Finance Ministry official cited an International Monetary Fund rule on Monday noting that three days of intervention count as a single market operation.
BUSINESS / Markets
May 5, 2026
Japan can intervene twice more before November under IMF rules, official notes
The comments came after the yen surged last Thursday following reported intervention by the authorities, and also saw a number of intraday rallies during days that followed.
Loaded trucks on a road in India. The country's state-dominated refining sector has kept fuel prices steady despite surging crude costs.
BUSINESS / Economy / ANALYSIS
May 5, 2026
Asia absorbs rising, uneven cost of energy crisis caused by war on Iran
The disruption has spurred the Asian Development Bank to cut its growth forecast for developing Asia and the Pacific to 4.7% this year, down from 5.1% previously.
President Donald Trump and Chinese President Xi Jinping exit after their meeting in Busan, South Korea, on Oct. 30, 2025.
ASIA PACIFIC / Politics
May 5, 2026
China seeks an advantage with both Trump and Iran as war evolves
The war will no doubt be an important issue in talks between Trump and Xi when they meet in Beijing for a two-day summit.
A woman sits outside her apartment after it was destroyed in an airstrike amid the U.S.-Israeli conflict with Iran in Tehran on March 12.
COMMENTARY / World
May 5, 2026
Will the Iran war make Trump gun-shy or trigger-happy?
The sunk-cost fallacy tricks leaders into thinking that they’ve already sacrificed too much to quit.
NATO Secretary-General Mark Rutte walks into the White House, as seen through a fence, in Washington on April 8.
WORLD / Politics
May 5, 2026
Trump’s Germany troop cuts show limits of NATO efforts to keep U.S. on board
European diplomats say they fear Trump may make further moves that could test the alliance before a summit of its 32 national leaders in Ankara in July.
Albert Park speaks during an interview in Samarkand, Uzbekistan, on Monday.
BUSINESS / Economy
May 5, 2026
ADB urges countries to limit fuel subsidies to vulnerable groups
Japan has capped gasoline prices at around ¥170 per liter through subsidies after they surged to about ¥190 after the start of the Iran war.
A man holds a flag with a picture of Iran's former supreme leaders, Ayatollah Ruhollah Khomeini (left) and Ayatollah Ali Khamenei (center), and new Supreme Leader Mojtaba Khamenei, during a rally in Tehran on April 29.
WORLD
May 5, 2026
U.S. intelligence indicates limited new damage to Iran’s nuclear program
Analysts estimate that Iran would need up to one year to build a nuclear weapon, assessments that remain broadly unchanged even after two months of war.
Since Iran closed the Strait of Hormuz, concerns have emerged over what a shortage of oil and naphtha — a raw material for plastic products including food-packaging containers — could mean to not only industries but also supply chains and individual consumers.
JAPAN / Politics / FOCUS
May 5, 2026
Amid shortage concerns, Japan works to secure supplies of raw materials
The closure of the Strait of Hormuz has sparked worries about what an oil and naphtha shortage could mean for not only industries but also supply chains and consumers.
In this picture obtained from Iran's ISNA news agency on May 4, the Iran-flagged tugboat Basim sails near a ship anchored in the Strait of Hormuz off Bandar Abbas in southern Iran.
WORLD
May 5, 2026
South Korean-run vessel ablaze in Strait of Hormuz; Trump says Iran fired at the ship
No casualties have been reported and authorities are investigating what caused the blaze.
A man holds an Iranian flag near an anti-U.S. billboard depicting U.S. President Donald Trump and the Strait of Hormuz, in Tehran on Saturday.
WORLD
May 5, 2026
U.S. and Iran trade fire in Gulf, shaking four-week ceasefire
The U.S. military fought off attacks from Iranian drones, missiles and armed small boats as it facilitated the passage of two U.S.-flagged vessels through the Strait of Hormuz.
A tanker approaches a pier at a PT Pertamina facility at Tanjung Priok Port in Jakarta in February. Conflict in the Middle East and rising fuel prices are driving energy shocks across Asia.
COMMENTARY
May 4, 2026
Oil shock will hit Asia harder than the 1970s
We’re seeing the first tremors of a similar earthquake now in Asia. More than 80% of the oil and gas that passes through the Strait of Hormuz heads east.
Amid senseless global suffering and authoritarian threats, recent democratic activism and crises such as U.S. President Donald Trump’s actions and the Iran conflict show that tragedy can spark hope for moral progress and climate action.
COMMENTARY / World
May 4, 2026
From despair to action: Tragedy is reborn as hope.
The crisis of democracy feeds the climate crisis.
NATO Secretary-General Mark Rutte delivers a speech during an official visit to Turkey, in Ankara on April 22.
WORLD / Politics
May 4, 2026
NATO chief says Trump disappointed in Europe over Iran response
The U.S. president had accused European countries of ignoring his requests to help reopen the Strait of Hormuz after the U.S. and Israel went to war with Iran.
A line of natto products shown on the website of Mizkan
BUSINESS / Companies
May 4, 2026
Mizkan suspends sales for four natto products amid supply strain
The war in the Middle East has driven up procurement costs, the company said, putting pressure on packed natto production.
U.S. President Donald Trump speaks with reporters at Palm Beach International Airport in West Palm Beach, Florida, on Saturday before boarding Air Force One en route to Miami.
WORLD / Politics
May 4, 2026
Iran says it forced U.S. warship back from Hormuz; U.S. denies missile strike
A senior Iranian official said Iran had fired a warning shot and that it was unclear whether the warship had been damaged.
Saudi Arabia's minister of energy, Prince Abdulaziz bin Salman, speaks during a session of the Russian Energy Week international forum in Moscow, Russia, on Oct. 15, 2025.
BUSINESS / Markets
May 4, 2026
Saudi oil prince’s iron grip faces ultimate test with UAE’s shock OPEC exit
The departure poses a formidable test for ​the first royal Saudi oil minister whose style has shifted from diplomacy to increasingly unilateral decision-making.
A Shiite Muslim man gestures while visiting the Imam Ali Shrine during the fasting month of Ramadan in Najaf, Iraq, on March 10.
WORLD / Society
May 4, 2026
‘No pilgrims’: Regional war hushes Iraq’s holy cities
The conflict has stemmed the influx of pilgrims from Iran, Lebanon, the Gulf states, India, Afghanistan and elsewhere.
A Chinese flag flutters in front of the Shanghai Gaoqiao Company Refinery in Shanghai.
BUSINESS
May 4, 2026
China’s rare defiance of U.S. sanctions sparks showdown over banks
The latest regulations direct companies in the country not to abide by U.S. sanctions on five domestic refiners linked to the Iranian oil trade.

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The Terasaka Rice Terraces are seen with Mount Buko in the background.
What Yokoze can teach Japan about rural revival