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Global Trade & Economics: Page 46

Greek Oil Tanker En Route to Russia Attacked in Black Sea
The attack on the Greek ship may be linked to “the pressure that countries in the region are applying,” Greek shipping minister Vasilis Kikilias said.
Photo: iStock / HeliRy
Two LPG Ships Sail Through Hormuz to Shortage-Hit India
The two ships were allowed passage through the strait — which has been all but closed for nearly two weeks — after a deal between New Delhi and Tehran.
India has been suffering acute shortage of LPG, used for cooking and industrial processes. Photo: iStock/pixelfusion3d
German Chancellor Rebukes Trump for Lifting Russian Oil Sanctions
Both Germany and France objected, saying that allowing Russia to sell its oil to countries that previously imposed sanctions would increase the money available for Russia’s war in Ukraine.
Photo: iStock.com/Andrii Zorii
Costco Customer Sues Company for Tariff Refund
The lawsuit cited a Goldman Sachs report that found that consumers had shouldered more than two-thirds of President Donald Trump's tariff costs over the last year.
Photo: iStock / slobo
Strait of Hormuz Closure Continues to Drive Surge in Oil Prices
Any prolonged closure of the Strait of Hormuz threatens to tighten global energy supplies with each passing day.
Photo: iStock / peshkov
U.S. Weighs Plan to Waive Jones Act in Bid to Tame Spiraling Fuel Prices
The 30-day exemption, which is still being developed, is set to apply broadly to vessels moving oil, gasoline, diesel, liquefied natural gas and fertilizer among U.S. ports.
Photo: Bloomberg
EU Rejects U.S. Trade Probe Allegations of Market Overcapacity
The commission’s comments come hours after the U.S. launched a probe into major trading partners, including the EU and China.
Photo: iStock / Dmytro Varavin
Watch: Does Reshoring of Manufacturing Still Make Sense?
Eric Baker, partner in FBT Gibbons’s Private Equity & Venture Practice, discusses whether reshoring and nearshoring efforts are in limbo due to current geopolitical strife.
Does Reshoring Of Manufacturing Still Make Sense
Supply Chains Strain to Cope with the Effects of Iran War
With tanker traffic through the strait dropping by 90%, it's not hard to draw a straight line between the ongoing conflict and widespread supply chain disruptions.
Photo: Aaron Schwartz / Bloomberg
Legal Fight Reopens Over Trump’s Push to Tax Low-Value Imports
Trump’s executive orders halting the exemption cite the same national emergencies he relied on in imposing the tariffs struck down by the Supreme Court.
Photo: iStock/alvarez
Maersk Says it Will Pass War Costs on to Customers
Since the U.S.-Israel war with Iran began, transportation through the vital Strait of Hormuz route has come to a standstill, briefly driving oil prices up close to $120 a barrel.
Photo: iStock / peshkov
China’s Cosco Halts Panama Port Operations as Tensions Rise
The Balboa port is one of two terminals along the strategic Panama Canal that have become a flashpoint in the rivalry between the U.S. and China.
The Port of Balboa in Panama City. Photographer: Walter Hurtado/Bloomberg
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