Russia Benefits from Trump's Iran War as India and China Need Oil
The closure of the Strait of Hormuz due to conflict is driving India and China to increase Russian oil imports, making Moscow a major beneficiary despite US pressure.
Category : Trade
Iran Attacks in Strait of Hormuz Risk Global Economy
Iran's military actions in the Strait of Hormuz, a key oil and gas route, have slashed maritime traffic by up to 94%, sparking fears of supply chain chaos and soaring crude prices.
Brazil Ratifies EU-Mercosur Trade Deal Unanimously
Brazil's Senate has unanimously ratified the EU-Mercosur free-trade agreement, following lower house approval, moving the long-negotiated deal closer to implementation for a market of over 700 million people.
Elon Musk Testifies in Twitter Stock Manipulation Trial
Elon Musk testified in a civil trial where Twitter investors allege he manipulated stock prices before his 2022 purchase. The case centres on claims of securities fraud and could impact other legal actions against the billionaire.
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US Spirits Exports to Canada Drop 63% After Trump Tariffs
American alcohol exports to Canada have fallen dramatically since President Trump imposed tariffs, with Kentucky bourbon among the hardest hit. Canadian retailers in eight provinces still refuse to stock US spirits.
Middle East Crisis Drives Up UK Petrol and Global Prices
The Middle East conflict disrupts supply chains, causing petrol price hikes in the UK and rising costs for flights, groceries, and insurance, with warnings of further increases.
53 Cars Face £5,690 Tax in 2026 - Full List and Saving Tip
A new list reveals 53 car models that will incur a £5,690 first-year Vehicle Excise Duty from April 2026. Experts outline a £1,000 saving strategy by checking CO₂ emissions carefully.
Middle East Conflict Disrupts Global Shipping and Ports
The ongoing Middle East conflict is severely impacting maritime and port workers worldwide, causing shipping delays, increased costs, and heightened safety concerns in global trade routes.
Judge Upholds Manhattan Congestion Toll Over Trump's Objections
A federal judge has blocked the Trump administration's efforts to halt New York's congestion fee, ruling it legal and effective in reducing traffic and funding transit.
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China Calls for Hormuz Vessel Protection as Shipping Costs Soar
China demands safety for ships in the Strait of Hormuz as Iran tensions disrupt global trade, pushing tanker rates to $424,000 a day and threatening oil supplies.
Iran Strait of Hormuz Closure Sparks Global Oil Crisis
Iran's closure of the Strait of Hormuz has halted tanker traffic, stranding ships and causing oil prices to surge, with experts warning of prolonged economic impacts.
59 Cars to Pay £5,690 Tax from April in VED Increase
A total of 59 models from 24 manufacturers, including Ford, BMW, and Mercedes, will be hit with a £5,690 first-year Vehicle Excise Duty charge from April 1, as the Government raises rates for high-emission vehicles.
Court Rejects Trump's Delay Bid for Tariff Refunds
A federal appeals court has dismissed the Trump administration's request for a 90-day delay in refunding billions in tariffs, advancing a complex process that could cost up to $175 billion.
Court Rejects Trump Delay on Tariff Refunds After Illegal Ruling
A federal court has denied the Trump administration's attempt to slow refunds for billions in illegal tariffs, advancing a complex process that could cost the government up to $175 billion.
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Iran Attacks Disrupt Hormuz Shipping, Fuel Inflation Fears
Iran's counterstrikes have halted shipping in the Strait of Hormuz and damaged Middle East refineries, driving up oil prices and stoking inflation risks globally.
Super-Rich Pay £260k for Private Jet Evacuations via Saudi Arabia
High-net-worth individuals are fleeing the Middle East on private jets costing up to £260,000, with Saudi Arabia emerging as a key exit route amid regional tensions and attacks.
Canada-India Uranium Deal Signals Diplomatic Reset During Carney Visit
Canada and India have signed a $1.9bn uranium supply agreement, marking a reset in relations after a diplomatic row over a Sikh separatist's killing. Prime Minister Mark Carney called it 'a new era of partnership' during his historic Delhi visit.
India-Canada Economic Partnership Reset After Years of Strain
India and Canada have agreed to strengthen economic ties, aiming for $50 billion in bilateral trade by 2030, following two years of diplomatic tensions over Sikh activist allegations.
Emirates, Etihad Refunds for Middle East Flight Disruptions
Emirates and Etihad provide full refunds and rebooking options as Middle East airspace closures strand thousands of Australian travellers. Experts advise against self-cancellation to avoid losing refund eligibility.
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Supreme Court Decides Trump Tariff Refund Case for Firms
The US Supreme Court has issued a landmark ruling on refunds for businesses affected by Trump-era tariffs, impacting thousands of companies and international trade dynamics.
Iran Strikes Tanker, Halts Hormuz Shipping, Oil Prices Threatened
A tanker burst into flames after an Iranian strike, halting shipping in the vital Strait of Hormuz and threatening global oil price surges as markets brace for volatility.
Trump's Iran Strikes Speed Up Global Dollar Decline
Donald Trump's military action against Iran fuels a drift from US currency dominance, as nations seek alternatives amid geopolitical instability and economic sanctions.
Iran Closes Strait of Hormuz After US-Israel Attacks
Iran has reportedly closed the Strait of Hormuz in retaliation for US-Israel strikes, disrupting global oil and LNG shipments as tankers halt operations.
Law Firms Profit from Trump Tariff Refund Claims
Specialist law firms are seeing a surge in demand as businesses file for refunds on tariffs imposed during the Trump administration, navigating complex legal processes to reclaim billions.
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Trump Admin Says Tariff Refunds Will Take Time
The Justice Department indicates businesses seeking tariff refunds after a Supreme Court ruling face delays, despite Trump's call for a rehearing on Truth Social.
FedEx to Return Illegal Trump Tariff Refunds to Customers
FedEx pledges to refund customers for illegal Trump tariffs after Supreme Court ruling, joining over 1,000 companies seeking reimbursement in a complex legal process.
Supreme Court Limits Trump's Tariff Powers
The US Supreme Court has ruled against Trump's unilateral tariff authority, challenging his use of trade policy for political gain and donor rewards, marking a shift in executive power limits.
Sara Eisen Fact-Checks Whoopi Goldberg on Trump Tariffs on The View
CNBC anchor Sara Eisen left Whoopi Goldberg speechless after fact-checking her claims about Trump's market impact during a heated debate on tariffs and economic policy on The View.
EU to Implement Mercosur Trade Deal Despite Parliament Opposition
European Commission President Ursula von der Leyen announces provisional implementation of the EU-Mercosur trade agreement, bypassing European Parliament approval amid agricultural sector opposition.
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Croatia Offers Oil Lifeline to Hungary and Slovakia
Croatia proposes supplying Russian oil via its Adria pipeline to Hungary and Slovakia after Druzhba pipeline damage, sparking EU sanctions tensions and political fallout.
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