China moves against Hormuz’s oil price shocks with electric taxi power
China moves against Hormuz’s oil price shocks by leaning on a growing electric taxi fleet. Across big cities, you now see more riders picking cabs over their own petrol cars. People took 3.05 billion trips in May, a 6% rise since the Iran war. Fares keep falling even while pump prices climb steadily across the […]
Trump Ends Hormuz Fee Threat as US Iran Blockade Returns to Grip Tehran
Trump ends Hormuz fee threat after Gulf leaders promised large investments in the United States. The president dropped his plan for a Strait of Hormuz shipping fee within one day. He first wanted every ship in the waterway to pay a twenty percent transit charge. Now new trade and investment deals with Gulf states will […]
OPEC+ Oil Output Increase Lifts August Targets As Hormuz Exports Recover
OPEC+ oil output increase decisions advanced on Sunday as the group lifted August production targets again. Seven core producers agreed to add 188,000 barrels each day to global markets from August. This latest move matches similar increases the group approved earlier for both June and July. Falling oil prices today shaped the decision as the […]