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TRADE

NATO allies, including Britain, have backed the U.S. for decades and, while unlikely to join in the fight against Iran, would likely help secure the Strait of Hormuz if diplomacy fails.
COMMENTARY / World
Apr 5, 2026
European allies should clear the Strait of Hormuz
Today, many in Europe recognize the threat of Iran, but were not willing to launch a sudden offensive operation against it without due consultation and giving diplomacy a chance.
A Shiite Muslim cleric looks on during a demonstration in solidarity with Iran and denouncing the U.S.-Israeli war against it, in Iraq's southern city of Basra on Saturday.
BUSINESS
Apr 5, 2026
Iran says Iraqi ships are allowed to use Strait of Hormuz
Traffic in the Strait remains a small fraction of the pre-war rate, when one-fifth of the world’s oil and LNG sailed the narrows connecting the Persian Gulf to the Indian Ocean.
Then-Prime Minster Fumio Kishida meets with Sheikh Mohammed bin Zayed Al Nahyan, president of the United Arab Emirates, in Abu Dhabi, in July 2023.
COMMENTARY / Japan
Apr 3, 2026
Beyond oil: Why UAE-Japan ties matter more than ever
The UAE supplies roughly a quarter of Japan’s crude oil imports, reinforcing its role as a reliable partner in an increasingly uncertain energy landscape.
Smoke rises following a reported strike in Baharestan, Isfahan province, Iran, in this image taken from social media on Wednesday.
WORLD
Apr 3, 2026
U.S. vows to target more Iranian infrastructure as nations seek to open Hormuz
Nearly five weeks in, the war in Iran continues to spread chaos across the region and roil financial markets, raising pressure on U.S. President Donald Trump to find a resolution.
A Japan Airlines airplane flies past an oil refinery as it approaches to land at Tokyo's Haneda Airport, as seen from a park in the Keihin Industrial Zone in Kawasaki, on March 17.
BUSINESS / Companies
Apr 1, 2026
Japan’s international flights to get pricier due to hike in fuel surcharge
Fuel surcharges are expected to rise up to double their current rates due to the ongoing Iran conflict.
U.S. President Donald Trump and Chinese President Xi Jinping talk as they leave after a bilateral meeting at Gimhae International Airport, in Busan, South Korea, in October 2025.
WORLD / Politics
Apr 1, 2026
Trump’s delayed Xi summit gives U.S.-China irritants room to grow
In recent days, China launched retaliatory probes into U.S. trade practices, while a bipartisan group of American senators visited Taiwan to press for more spending to deter China.
U.S. President Donald Trump holds a poster showing what was described as reciprocal tariffs during an announcement in the Rose Garden of the White House on April 2, 2025.
BUSINESS / Markets
Apr 1, 2026
Oil shock from war on Iran unwinds traders’ playbook since Trump’s tariffs
Fallout from the conflict for energy markets and global trade is forcing a shift away from popular, crowded trades that had come to define markets.
Trump-era U.S. aluminum tariffs have backfired, driving up costs, reducing domestic production, diverting Canadian supply and leaving the country vulnerable to global disruptions like the Iran war.
COMMENTARY
Mar 31, 2026
The world’s dumbest tariff has been revealed
So far, this is a standard U.S. tariff story, but aluminum isn’t a standard product.
Delegates attend the World Trade Organization 14th ministerial meeting in Yaounde, Cameroon, on Saturday.
BUSINESS / Tech
Mar 30, 2026
WTO talks end in deadlock after Brazil blocks deal over e-commerce duties
The WTO countries are negotiating an extension to a moratorium on customs duties for electronic transmissions such as digital downloads.
Employees of Windsor-based Fastsigns, which designs, produces and installs custom business signage and graphics work, in Windsor, Ontario, on March 20
BUSINESS / Economy / ANALYSIS
Mar 29, 2026
On Canada’s tariff front line, business stalls over U.S. trade deal jitters
Windsor’s economy has been on a roller-coaster ride for the past ⁠year as Trump went back and forth on tariffs.
Passengers walk past a display board showing canceled flights to Dubai and Doha amid regional airspace closures at Noi Bai International Airport in Hanoi, Vietnam, on March 2.
BUSINESS
Mar 28, 2026
Asia’s air travel crisis risks spreading on Iran war’s jet fuel squeeze
Asia has been particularly affected because of its exposure to oil that normally comes through the Strait of Hormuz, which has been blocked by Iran.
A maze of crude oil pipe and equipment at the Strategic Petroleum Reserve in Freeport, Texas. While U.S. officials have said the spike in oil prices during the war with Iran will be short-lived, other nations aren't so convinced.
BUSINESS / ANALYSIS
Mar 27, 2026
Trump officials tout U.S. energy dominance as global oil executives warn of supply crisis
The contrasting messages relayed to industry leaders at the annual CERAWeek conference in Houston reflected the different political realities in the U.S. and the rest of the world.
At 10:59 a.m. on Thursday, the Japan Organization for Metals and Energy Security commenced the release of about 400,000 kiloliters of oil from the Kikuma National Petroleum Stockpiling Base in Imabari, Ehime Prefecture.
BUSINESS / Economy
Mar 26, 2026
Oil starts flowing from Japan’s national reserves
The release is part of the country’s 80-million-barrel contribution to a coordinated global intervention.
Children watch a tanker at anchor off the coast of Muscat, Oman, on March 18. The Strait of Hormuz is used by roughly a fifth of global oil and liquefied natural gas supply and is currently blocked by Iran, a more formidable adversary than Yemen's Houthis.
WORLD
Mar 25, 2026
Failure to secure Red Sea shipping casts shadow over Strait of Hormuz plan
Absent the strait’s reopening, shortages will become more acute, ‌threatening higher ‌costs for energy, food and numerous other products worldwide.
Japan’s response to Chinese economic coercion shows other democracies that resilience requires diversifying supply chains, strengthening domestic capabilities and aligning economic policy with national security.
COMMENTARY / Japan
Mar 25, 2026
The West should learn from Japan how to stand up to China
Trade policy and national security are no longer mutually exclusive. We live in an age where they are increasingly interconnected.
An employee points at a "sold out" sticker at a used-car export complex in Incheon, South Korea.
BUSINESS / Markets
Mar 25, 2026
Lamborghinis stranded in Sri Lanka as war disrupts Asia’s used-car trade
Japan and South Korea exported a combined $19 billion worth of used cars last year, with Japan accounting for a little ⁠more than half of that.
Cables connected to the rear of a wireless router. Consumers and businesses connect wired internet lines to routers to create Wi-Fi networks for computers, phones, TVs, cameras and other internet-enabled products.
BUSINESS / Tech
Mar 24, 2026
FCC bans wireless-router imports, citing threat to national security
While the commission said companies could apply for exemptions, the move could dramatically shake up the market for routers, which are primarily made overseas.
Fuel price pressures are hitting growers and winemakers at the same time as tariffs imposed by U.S. President Donald Trump.
BUSINESS
Mar 24, 2026
From Indian movies to Italian wine, Trump’s war on Iran to cause pain worldwide
Effects of the conflict are reaching industries that might’ve seemed insulated from the fallout, and that’s unlikely to be reversed quickly.
European Commission President Ursula von der Leyen and Australian Prime Minister Anthony Albanese signed a deal which will slash tariffs between the trading partners, in Canberra on Tuesday.
BUSINESS
Mar 24, 2026
Australia and the EU seal long-awaited trade deal amid global trade tensions
The agreement will remove tariffs for almost all European goods and for nearly all exports of Australian ​critical minerals.
Gantry cranes and shipping containers at the Yangshan Deepwater Port in Shanghai on May 14, 2025.
BUSINESS / Markets
Mar 24, 2026
Some Chinese exporters lift prices on rising costs due to war
Exporters across the world’s second-largest economy began raising prices last week as oil-linked costs surged and the conflict showed no sign of easing.

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