The Strait of Hormuz, the jugular vein of the global energy market, is on the verge of being severed. With Middle East tensions boiling over, the potential closure of this chokepoint—through which nearly 20% of the world’s oil flows—has sent…
A dual shock of soaring oil prices and a contracting U.S. job market is stoking fears of stagflation, a toxic economic cocktail not seen since the 1970s. On March 7, international oil prices shot past $90 a barrel just as…
South Korea’s economy is being squeezed from multiple directions. Escalating U.S.-Iran tensions are pushing oil prices to dangerous highs, while Washington’s new AI chip restrictions introduce a fresh layer of uncertainty. For a nation heavily reliant on energy imports, the…
