Iran Oil Shock Threatens North Korea From Its Fuel Pumps to Black Markets

Iran oil shock threatens North Korea from its fuel pumps to black markets

Global oil prices surged sharply last week following the U.S. and Israeli military strikes against Iran, briefly pushing Brent crude to almost $120 per barrel after Iran’s Revolutionary Guards moved to close the Strait of Hormuz — a chokepoint through which more than 20% of the world’s daily supply of oil passes.  For most countries, […]

As Iran war fuels oil crisis, Southeast Asia’s small firms could be hit hardest

Observers say SMEs are typically more vulnerable as they have less capital to absorb sudden increases in operating costs.

Auto sales vulnerable to oil supply shock from Iran war

In six past oil supply shock episodes, auto sales dropped by more than 10% of average sales. Three times, they dropped by 40% or more.