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Global Trade & Economics: Page 20

Houthis Launch Naval Blockade Against Saudi Arabia
The Houthi blockade will reportedly target the Bab el-Mandeb strait, which serves as the route for roughly 5% of global gas and oil supplies.
Photo: iStock / Rainer Lesniewski
Jingye Group Demands Compensation for British Steel Nationalization
The British government took control of the Scunthorpe steelworks in April 2025, after Jingye Group said it planned to close the site because it was not financially viable.
Photo: iStock/EyeEm Mobile GmbH
The U.S. Blockade Is Forcing Iran’s Energy Tankers to Zig-Zag and U-Turn
The U.S. restored a blockade against Iranian shipping on July 14, a step that all but halted Tehran’s crude exports when it was imposed previously.
A U.S. service member watches a ship transit the Arabian Sea. Source: U.S. Navy
China Slams U.K.’s Nationalization of British Steel
The decision threatens to strain the relationship between London and Beijing, just as Andy Burnham is set to become the prime minister on July 20.
Photo: Bloomberg
Kenya Court Backs Import Levy to Fund China-Backed Rail Project
Kenya has been banking on the levy to restart work on the China-built and funded project that runs from Mombasa, but stalled in a scrubland west of Nairobi.
The Mombasa-Nairobi Standard Gauge Railway in Nairobi. Photographer: Patrick Meinhardt/Bloomberg
Thailand, Argentina Lead Next Wave of Rising Manufacturing Hubs
By shifting to these countries for sourcing, manufacturers can spread production across a wider range of markets and reduce their exposure to geopolitical and trade risks.
Photo: iStock / Drazen_
Xeneta: Peak Season for Ocean Freight Started Two Months Early
A bulge in demand was caused by shippers trying to get ahead of increasing bunker fuel prices, ironically causing a spike in freight rates.
Photo: iStock/eyewave
TSMC Looks to Invest Another $100B in U.S. Chipmaking
The investment will go toward four new chip fabrication factories in Arizona, and will likely be included in a 900-acre campus the company purchased earlier in 2026.
Photo: iStock / BING-JHEN HONG
Trump Officials Move Toward Renewing Jones Act Waiver
Trump first granted the relief for some 659 products in March, then extended it a month later, in the face of pressure from oil and chemical industry officials.
Photo: iStock / photosvit
Simultaneous Disruptions Rattle Global Oil Markets
Of particular concern is diesel, which Oxford Economics described as the fuel most exposed to the supply strains because of its central role in freight transportation.
Image: iStock/imagedepotpro
Port of Los Angeles Sees Record Cargo Volumes in June 2026
June was the port's third strongest month on record, and the third time it has ever crossed the 1 million TEU threshold.
Photo: iStock/halbergman
U.S. Treasury Department Takes Aim at Iranian Oil Shipping Network
Any assets sanctioned companies hold under U.S. jurisdiction are now frozen, while U.S. businesses are prohibited from doing business with them.
Photo: iStock / HeliRy
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