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‘Choked’: Iran’s Huge Threat to Global Economy

Brent crude has nearly doubled to about $120 a barrel, while European natural gas and fertilizer prices have surged, analysts said.

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US and Israeli forces have destroyed more than 13,000 targets in Iran, which in return has discovered a weapon that's far more effective.
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Global agricultural prices have hit their highest levels in two years, driven by logistical disruptions and extreme weather, according to a Bloomberg analysis. The rise is being driven by the prolonged closure of the Strait of Hormuz and the effects of the Iran war, which have boosted energy costs and disrupted supply chains. At the same time, severe drought is affecting major agricultural regions in the US, Asia and Australia. The pressures are…

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TradeWinds | Latest shipping and maritime news broke the news on Thursday, April 30, 2026.
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