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June 30, 2026
 

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STRAIT OF HORMUZ

The Reserve Bank of India headquarters in Mumba on April 8
BUSINESS / Economy
May 14, 2026
War turmoil saps Asian reserves with Philippines and India hit most
The slide in reserves adds to evidence that Asia has been one of the biggest losers from the Middle East conflict due to its reliance on energy imports.
South Korean Defense Minister Ahn Gyu-back in Seoul on Nov. 4, 2025. Ahn has stressed that no detailed discussions have taken place with the U.S. on expanding South Korean ​troop involvement to ensure safe navigation through the Strait of ​Hormuz.
ASIA PACIFIC / Politics
May 13, 2026
South Korea weighs phased Hormuz role after U.S. talks, minister says
South Korea’s Defense Minister said phased support could include expressions of political support, personnel dispatches, information-sharing and providing military assets.
Mutual overconfidence and strategic miscalculation by both the U.S. and Iran are making renewed war increasingly likely because neither side fully understands the other’s strengths, weaknesses or willingness to endure pain.
COMMENTARY / World
May 13, 2026
The risk of the Iran war restarting is irrationally high
So long as the ceasefire holds and Hormuz remains blocked, the conflict is now a test of how well each side can withstand the economic and political strain inflicted by the other.
An annual rally to commemorate the 1979 Islamic Revolution in Tehran on Feb. 11, 2023. Iran has retained roughly 70% of its prewar missile stockpile, according to U.S. assessments.
WORLD / Politics
May 13, 2026
U.S. intelligence shows Iran retains substantial missile capabilities
Iran has retained roughly 70% of its prewar missile stockpile, according to U.S. assessments.
A passenger aircraft operated by Deutsche Lufthansa in Frankfurt, Germany, on April 13. The airline group — Europe’s largest — said it’s scrapping 20,000 uneconomic short-haul flights in the region this summer.
BUSINESS / Markets
May 13, 2026
How a jet fuel supply crunch threatens summer flights
Faced with higher fuel costs and lower supply, airlines have axed thousands of flights, grounded less-efficient aircraft and raised airfares.
Commuters drive past an anti-U.S. billboard referring to President Donald Trump and the Strait of Hormuz, installed on a building at the Valiasr Square in Tehran on May 10.
WORLD / Politics
May 13, 2026
Iran says U.S. must accept its peace plan or face ‘failure’
The war has spread throughout the Middle East and roiled the global economy despite the ceasefire, impacting hundreds of millions worldwide.
The first shipment of Central Asian oil arrived in Japan as the country seeks to diversify supply sources amid the effective closure of the Strait of Hormuz due to the war in Iran, according to the industry ministry.
BUSINESS
May 12, 2026
Crude oil from Azerbaijan arrives in Japan
Japan received the shipment of U.S. oil in late April and Russian oil earlier this month.
A tugboat guides the crude oil tanker Odessa, carrying UAE crude, after passing through the Strait of Hormuz this month.
COMMENTARY / World
May 12, 2026
Is the global financial system making the Hormuz shock worse?
The system is functioning as designed. It was built for a world of episodic shocks and orderly recoveries, not one characterized by persistent, overlapping sources of disruption.
An Iranian woman walks past an anti-Israeli mural on a street in Tehran on Monday.
WORLD / Politics
May 12, 2026
Trump says Iran ceasefire is ‘on life support’ as hopes for a deal fade
Disruptions in the Strait of Hormuz have forced oil ​producers to cut exports, and OPEC output dropped to the lowest in more than two decades.
Dumplings at Hung Ming-he’s food stall at the Xizhou Public Market, one of the oldest traditional food markets in Taipei, on April 8.
ASIA PACIFIC
May 11, 2026
Taiwan’s plastic habit collides with shortages caused by a faraway war
Some producers have turned to the U.S., while others have sourced plastic goods from China, where many Taiwanese manufacturers have long-standing relationships.
A man passes a mural on a wall in Tehran after U.S. President Donald Trump said that he had agreed to a two-week ceasefire with Iran, on April 8.
COMMENTARY / World
May 11, 2026
If Iran agrees to everything, was the war worth it?
The strongest argument against the reported U.S. proposal is that it would leave Iran controlling the Strait of Hormuz.
U.S. President Donald Trump at the White House in Washington, on Sunday. He swiftly dismissed Iran's response to a U.S. peace proposal in a post on social media.
WORLD / Politics
May 11, 2026
Trump rejects ‘unacceptable’ Iran response to peace plan, causing oil prices to surge
Days after the U.S. floated an offer in the hopes of reopening negotiations, Iran has released a response focused on ending the war on all fronts.
The Solaris liquefied natural gas tanker sails near the Himeji LNG terminal in Himeji, Hyogo Prefecture, on April 22.
JAPAN
May 10, 2026
Japan diversifying shipping routes for Middle East oil
Japan is also trying to diversify oil procurement sources, looking at the United States and Russia, as the Middle East situation remains unstable.
A member of NOPO, Iran’s counter-terrorism special force, stands guard under a billboard of Iran’s late supreme leader, Ayatollah Ali Khamenei, in Tehran, on April 23.
WORLD
May 10, 2026
Drone strikes ship near Qatar; South Korea reports attack on one of its vessels
The United Kingdom Maritime Trade Operations center had earlier said a bulk carrier reported being hit 23 nautical miles northeast of Doha by an “unknown projectile“.
People chant during a rally in Tehran on May 6.
WORLD / Politics
May 7, 2026
U.S. and Iran inch towards short-term deal to end fighting
The emerging plan centers on a short-term memorandum rather than a comprehensive peace deal.
The Port of Fujairah has become one of the United Arab Emirates' economic lifelines since the effective closure of the Strait of Hormuz.
BUSINESS
May 7, 2026
Gulf’s fragile trade lifeline hangs on two eastern UAE ports
They are now handling the bulk of the UAE’s seaborne trade in place of ​the major terminals on the western coast inside the Gulf.
The semiconductor industry and related electronics sector together account for around 17% of Taiwan’s economy.
ASIA PACIFIC / FOCUS
May 7, 2026
Hormuz crisis shows gaps in Taiwan’s high-tech ‘silicon shield’
The factors that make Taiwan an economic powerhouse — its successful technology industry and artificial intelligence-driven chipmaking — are also the ones making it vulnerable.
A man runs past national flags of ASEAN member states outside a media center in Cebu on Tuesday, ahead of the 48th ASEAN Summit to be held this week.
ASIA PACIFIC / Politics
May 7, 2026
Energy crisis front and center as ASEAN leaders prepare for summit
The energy crisis will force Manila leadership to craft a ​regional response while preventing regional conflicts in Myanmar, Thailand and Cambodia from slipping down the agenda.
The Iran-flagged container vessel Hamouna is seen anchored in the Strait of Hormuz off Bandar Abbas in southern Iran on May 2.
WORLD / Politics
May 6, 2026
U.S. unveiled plan to reopen Hormuz hours before Trump shelved it
The U.S. president was warned it risked escalating a conflict he is eager to bring to an end.
U.S. Secretary of State Marco Rubio speaks at a news conference in the White House in Washington on Tuesday.
WORLD / Politics
May 6, 2026
Rubio calls Hormuz resolution a test for U.N., urges against vetoes
Russia and China vetoed a previous U.S.-backed Bahraini resolution that appeared to open a path to legitimize U.S. military action against Iran.
Uruguay federation reportedly cancels charter flight after World Cup exit
Uruguay's Jose Maria Gimenez reacts after the team's loss against Spain at the 2026 FIFA World Cup on Friday.
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
India’s gig workers pay the price for exposure to New Delhi’s hazardous air
Rohit Kushwaha waits for a customer as he delivers his last parcel of the day, in New Delhi in January. His work as a delivery driver has helped pay the family’s bills, but has had a significant impact on his health.
Chinese and Russian bombers and fighter jets stage joint patrol near Japan
A Chinese Air Force H-6 bomber is seen during a joint patrol with Russian military aircraft on Saturday.
U.S. missile moves in Japan send China clear message: A new era has arrived
Soldiers conduct the first Typhon midrange capability live-fire exercise outside of the continental United States, firing an SM-6 missile in July last year in Australia's Northern Territory during Exercise Talisman Sabre.
Japan’s fertility system offers few safe paths for same-sex couples
A Tokyo Pride parade participant holds a sign that says "we want to be a married couple, not a couple."
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
A French ship with close ties to Japan combines arts and sciences on the high seas
Romain Troublé, the executive director of Tara Ocean Foundation, speaks to visitors aboard the Tara during a rare port call in Tokyo in April.
In Kyushu’s far south, Senti.U sparks a culinary destination
Chef Yasuhiko Uchida was born in Saga Prefecture but has made his home in Kanoya, Kagoshima Prefecture, since 2012.
‘The colors speak for themselves’: How Japan’s chroma bible went global
“A Dictionary of Color Combinations” is meant to function as a quick-reference guide for artists, designers and anyone with a passing interest in aesthetics as a quantifiable pursuit.

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One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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