Middle East
The Strait of Hormuz to re-open. Now what?
Its closure may have 'permanently altered' the world's economy
June 18, 2026
Its closure may have 'permanently altered' the world's economy
US energy exporters might benefit from higher global oil prices, but American consumers do not and they, along the rest of the world, are paying.
This will surprise many Americans because Trump and Co. are flooding the zone with age-old misconceptions in order to prevent panic and opposition to the war.
With the Strait of Hormuz all but closed, the average US driver is predicted to pay $235 more over the next year
South Asian and Gulf countries may get hit particularly hard, mostly on energy, remittances, and agriculture. Here's how.
Striking down IEEPA tariffs gives Washington a chance to rebuild trust, if the president doesn’t try for new workarounds
