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July 07, 2026
 

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OIL

An Iranian flag flutters in the wind near a ship anchored in the Strait of Hormuz near Larak Island, Iran, on May 16.
WORLD / Politics
Jun 23, 2026
Iran oil waiver offers lifeline to Tehran as talks proceed
Hanging over the delicate discussions is the status of the Strait of Hormuz and the continued fighting in Lebanon.
U.S. Vice President JD Vance (back right) looks on next to U.S. President Donald Trump's son-in-law Jared Kushner (back center), as Iranian Foreign Minister Abbas Araqchi shakes hands with Pakistani Prime Minister Shehbaz Sharif before the start of a quadrilateral meeting between the U.S., Iran, Pakistan, and Qatar aimed at advancing a deal to end the Middle East conflict, at the Buergenstock resort near Lake Lucerne, Switzerland, on Sunday.
WORLD / Politics
Jun 22, 2026
U.S. and Iran make ‘major progress’ in talks aimed at lasting peace deal
Plenty of obstacles remain, however, including Israel’s war in Lebanon against Hezbollah, an Iran-backed militant group.
U.S. President Donald Trump arrives to attend the Group of Seven summit, in Evian, France, on June 15.
BUSINESS / Economy
Jun 21, 2026
Trump’s fears about economy undercut U.S. leverage in Iran talks
U.S. President Donald Trump cited the prospect of global economic collapse as a big reason he signed an interim peace deal. That could cost him in talks.
Black smoke rises from the area of the Russian oil producer Gazprom Neft's Moscow oil refinery on the south-eastern outskirts of Moscow on Thursday.
WORLD
Jun 20, 2026
Ukraine’s biggest strike on Moscow spurs fuel shortage fears
The reality of four years of war pushed deeper into everyday life on Thursday when a swarm of nearly 200 drones hit Moscow’s oil refinery.
Ukrainian drones struck an oil refinery in southeast Moscow on Thursday for the second time in three days, igniting a fierce blaze that spewed out ​clouds of black smoke.
WORLD
Jun 19, 2026
Ukraine brings the war to Moscow as huge blasts shake refinery
The attacks are part of a wider Ukrainian campaign to cripple the oil industry whose revenues finance Russia’s ‌war effort.
Vessels in the Strait of Hormuz are seen near a beach in Bandar Abbas, Iran, on Wednesday.
BUSINESS / Markets
Jun 18, 2026
Wave of Persian Gulf oil set to leave Asian refiners swamped
The situation is a stark reversal from the early stages of the Iran war, when prices were spiking and the oil market was warning of dramatic shortages.
Black smoke rises from the area of Gazprom Neft's Moscow oil refinery after a Ukrainian drone strike, as seen from a shopping mall on Thursday.
WORLD
Jun 18, 2026
Ukraine hits Moscow refinery in large-scale drone attack on Russian capital
Russia’s defense ministry said 555 drones were shot down across the country. Sobyanin said 180 were shot down around Moscow alone.
People walk past a sign with a picture depicting U.S. President Donald Trump in Tehran on Wednesday.
WORLD / Politics
Jun 18, 2026
What challenges could stand in the way of a final U.S.-Iran deal?
Most analysts are skeptical the two sides can forge a final settlement within the 60-day window laid out by both sides.
Dana White, president of Ultimate Fighting Championship (left), U.S. President Donald Trump and First Lady Melania Trump speak to attendees during the UFC Freedom250 fight on the South Lawn of the White House in Washington on Monday.
WORLD / Politics / FOCUS
Jun 18, 2026
Inside the chaotic Iran talks that let Trump claim victory but not yet peace
The war cost the U.S. tens of billions of dollars, strained munitions stocks and its alliances, sent pump prices soaring and roiled the global energy market.
U.S. President Donald Trump, with Commerce Secretary Howard Lutnick (left) and Secretary of State Marco Rubio (right), holds a news conference during the Group of Seven Summit in Evian-les-Bains, France, on Wednesday.
WORLD / Politics
Jun 18, 2026
U.S.-Iran deal takes effect as focus turns to Strait of Hormuz
It was unclear if Iran had immediately begun taking steps to fully reopen the Strait of Hormuz.
U.S. President Donald Trump stands in the center of the stage as world leaders greet each other while gathering for an official photo at the Group of Seven summit in Evian-les-Bains, France, on Tuesday.
WORLD / Politics
Jun 17, 2026
Iran to gain major financial relief under interim deal with U.S.
As part of the agreement, Iran will be able to sell oil immediately, tap a $300 billion development fund and get eventual access to its frozen assets.
Vehicles line up for fuel at a gas station in Katembe, Maputo, Mozambique, in April amid the energy shock triggered by the Iran war.
COMMENTARY / World
Jun 17, 2026
The Iran war and the global debt shock it fueled
Once again, a global crisis is disproportionately burdening countries that did not cause it.
The trade balance flipped to a ¥378.6 billion ($2.36 billion) deficit in May on an unadjusted basis, according to the Finance Ministry.
BUSINESS / Economy
Jun 17, 2026
Japan’s trade balance swings to deficit as yen inflates imports
The deficit suggests trade may weigh on growth in the second quarter, when economists largely expect a slowdown due to the impact of the war in Iran.
A satellite image of side-by-side ships at sea, off the coast of Sohar, Oman, on June 9
WORLD
Jun 17, 2026
The U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf
At least 116 ships have been involved in an oil shuttling technique long used by Iran to skirt sanctions, according to shipping data and satellite imagery.
An Iranian woman celebrates in Tehran’s Valiasr Square on Monday. The U.S.-Iran agreement may bring a temporary end to hostilities but is unlikely to resolve the underlying tensions.
COMMENTARY / World
Jun 17, 2026
Peace with Iran won’t end conflict in the Gulf
Fundamentally, the deal will mark more of an intermission than a conclusion: It would entrench rather than end the struggle between America and Iran.
Shipping flows through the Strait of Hormuz remain significantly down compared to prewar levels, though a growing number of oil tankers and other ships have been transiting the waterway under the cover of darkness in recent weeks.
BUSINESS / Markets
Jun 16, 2026
Shippers and oil giants seek clarity on U.S.-Iran peace deal
While U.S. President Donald Trump has posted on social media that ships are starting to move through the strait, there are still urgent questions to answer.
A billboard displaying Iran's national flag at Enghelab Square in Tehran on Sunday. The nation remains a formidable and undefeated force.
WORLD / FOCUS
Jun 16, 2026
Persian Gulf recalibrates as Iran emerges intact from war
The region has emerged from one of its most dangerous crises in decades with Iran politically emboldened and Persian Gulf confidence in U.S. protection deeply shaken.
An Iranian woman waves a national flag next to a billboard depicting slain supreme leader Ayatollah Ali Khamenei at Valiasr Square in Tehran on June Monday.
WORLD / Politics
Jun 16, 2026
Trump’s Iran accord offers exit from war — and fresh political risks
The move exposes the U.S. president to criticism from within his party, skepticism from allies and questions over whether the deal will hold.
Despite higher oil production and U.S. oversight of Venezuela's oil revenues, the country's currency is weakening, inflation is accelerating and economic conditions are deteriorating.
COMMENTARY / World
Jun 15, 2026
The mystery of Venezuela’s missing petrodollars
Venezuela’s oil production is rising, yet its currency is depreciating, inflation is accelerating and foreign exchange remains scarce.
A drone view of the oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra on April 24. What started as a supply shock following the U.S.-Israel-Iran war has become a demand story.
COMMENTARY / World
Jun 15, 2026
Peak oil demand arrives sooner than expected
Amid the disruptions caused by the US-Israeli-Iran war, countries have begun adapting to life with less oil.
Thailand gets serious about chasing high-spending tourists
Chinese tourists at Wat Arun Ratchawararam Rathawaramahawihan in Bangkok
Murakami says his novels are ‘different’ from AI literature
Haruki Murakami's first book in three years hit shelves in Japan on Friday.
Japan’s princesses face life-altering legal revisions
Princess Aiko, the daughter of Emperor Naruhito, said in a 2022 news conference upon coming of age that she hopes to “spend a long time together” with her parents.
Japan plans to sharply raise fees for residence permits from October
Foreign tourists walk on the path leading to the Kiyomizu Temple in Kyoto in May.
Micron breaks ground on $9 billion western Japan plant expansion
Micron Technology’s factory in Higashihiroshima, Hiroshima Prefecture
Okinawa’s prized seaweed under threat as oceans warm
Local harvesters gather <i>mozuku</i> during low tide at Hyakuna Beach in the city of Nanjo, Okinawa Prefecture. As the planet warms, rising ocean temperatures are placing increasing pressure on the seaweed industry.
‘Defense,’ not ‘warfare,’ stressed as pacifist Japan beefs up capabilities
Defense Minister Shinjiro Koizumi attends an annual training session near Mount Fuji at Higashifuji Training Field in Gotemba, Shizuoka Prefecture, on June 7.
Japan plans to sharply raise fees for residence permits from October
Foreign tourists walk on the path leading to the Kiyomizu Temple in Kyoto in May.
X Games returns to Chiba with new team format
Skateboarder Sora Shirai practices at Makuhari Messe in Chiba on Friday afternoon. X Games Chiba begins on Saturday.
NU Festival tests Takanawa Gateway City complex’s culture cred
Veteran improvisers Kazuo Imai and Atsuhiro Ito brought some unruly energy to NU Festival, a three-day multimedia event held at the Takanawa Gateway City complex.  

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

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