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July 01, 2026
 

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OIL

Dana White, president of Ultimate Fighting Championship (left), U.S. President Donald Trump and First Lady Melania Trump speak to attendees during the UFC Freedom250 fight on the South Lawn of the White House in Washington on Monday.
WORLD / Politics / FOCUS
Jun 18, 2026
Inside the chaotic Iran talks that let Trump claim victory but not yet peace
The war cost the U.S. tens of billions of dollars, strained munitions stocks and its alliances, sent pump prices soaring and roiled the global energy market.
U.S. President Donald Trump, with Commerce Secretary Howard Lutnick (left) and Secretary of State Marco Rubio (right), holds a news conference during the Group of Seven Summit in Evian-les-Bains, France, on Wednesday.
WORLD / Politics
Jun 18, 2026
U.S.-Iran deal takes effect as focus turns to Strait of Hormuz
It was unclear if Iran had immediately begun taking steps to fully reopen the Strait of Hormuz.
U.S. President Donald Trump stands in the center of the stage as world leaders greet each other while gathering for an official photo at the Group of Seven summit in Evian-les-Bains, France, on Tuesday.
WORLD / Politics
Jun 17, 2026
Iran to gain major financial relief under interim deal with U.S.
As part of the agreement, Iran will be able to sell oil immediately, tap a $300 billion development fund and get eventual access to its frozen assets.
Vehicles line up for fuel at a gas station in Katembe, Maputo, Mozambique, in April amid the energy shock triggered by the Iran war.
COMMENTARY / World
Jun 17, 2026
The Iran war and the global debt shock it fueled
Once again, a global crisis is disproportionately burdening countries that did not cause it.
The trade balance flipped to a ¥378.6 billion ($2.36 billion) deficit in May on an unadjusted basis, according to the Finance Ministry.
BUSINESS / Economy
Jun 17, 2026
Japan’s trade balance swings to deficit as yen inflates imports
The deficit suggests trade may weigh on growth in the second quarter, when economists largely expect a slowdown due to the impact of the war in Iran.
A satellite image of side-by-side ships at sea, off the coast of Sohar, Oman, on June 9
WORLD
Jun 17, 2026
The U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf
At least 116 ships have been involved in an oil shuttling technique long used by Iran to skirt sanctions, according to shipping data and satellite imagery.
An Iranian woman celebrates in Tehran’s Valiasr Square on Monday. The U.S.-Iran agreement may bring a temporary end to hostilities but is unlikely to resolve the underlying tensions.
COMMENTARY / World
Jun 17, 2026
Peace with Iran won’t end conflict in the Gulf
Fundamentally, the deal will mark more of an intermission than a conclusion: It would entrench rather than end the struggle between America and Iran.
Shipping flows through the Strait of Hormuz remain significantly down compared to prewar levels, though a growing number of oil tankers and other ships have been transiting the waterway under the cover of darkness in recent weeks.
BUSINESS / Markets
Jun 16, 2026
Shippers and oil giants seek clarity on U.S.-Iran peace deal
While U.S. President Donald Trump has posted on social media that ships are starting to move through the strait, there are still urgent questions to answer.
A billboard displaying Iran's national flag at Enghelab Square in Tehran on Sunday. The nation remains a formidable and undefeated force.
WORLD / FOCUS
Jun 16, 2026
Persian Gulf recalibrates as Iran emerges intact from war
The region has emerged from one of its most dangerous crises in decades with Iran politically emboldened and Persian Gulf confidence in U.S. protection deeply shaken.
An Iranian woman waves a national flag next to a billboard depicting slain supreme leader Ayatollah Ali Khamenei at Valiasr Square in Tehran on June Monday.
WORLD / Politics
Jun 16, 2026
Trump’s Iran accord offers exit from war — and fresh political risks
The move exposes the U.S. president to criticism from within his party, skepticism from allies and questions over whether the deal will hold.
Despite higher oil production and U.S. oversight of Venezuela's oil revenues, the country's currency is weakening, inflation is accelerating and economic conditions are deteriorating.
COMMENTARY / World
Jun 15, 2026
The mystery of Venezuela’s missing petrodollars
Venezuela’s oil production is rising, yet its currency is depreciating, inflation is accelerating and foreign exchange remains scarce.
A drone view of the oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra on April 24. What started as a supply shock following the U.S.-Israel-Iran war has become a demand story.
COMMENTARY / World
Jun 15, 2026
Peak oil demand arrives sooner than expected
Amid the disruptions caused by the US-Israeli-Iran war, countries have begun adapting to life with less oil.
Urea, ammonium phosphate, and potassium chloride — raw materials for chemical fertilizers — are almost entirely imported in Japan.
JAPAN / Society / FOCUS
Jun 15, 2026
Fertilizer prices rise in Japan due to Strait of Hormuz squeeze
While shortages like those for naphtha have yet to emerge, warnings of an international shortage have been issued amid uncertainties in the Middle East.
U.S. President Donald Trump speaks at the White House in Washington on Thursday.
WORLD / Politics / ANALYSIS
Jun 15, 2026
Trump veers toward exit in Iran war but risks loom
The deal appears short of many of the goals Trump outlined in the early days of the conflict, leaving the U.S. looking strategically worse off than it did before he went to war.
Vessels in the Strait of Hormuz, as seen from Musandam, Oman, on Sunday
WORLD / Politics
Jun 15, 2026
Iran and U.S. agree to halt war and reopen Hormuz, sending oil prices tumbling
While still a framework, the deal marked the biggest breakthrough toward resolving a conflict that has killed thousands and upended energy markets.
Russia's shadow fleet vessels wait in the unofficial anchorage area in the Gulf of Finland near Vaindloo, Estonia, on April 10, 2026.
WORLD
Jun 14, 2026
U.K. intercepts Russian shadow fleet vessel in Channel: ministry
The ships — usually aging tankers with dubious ownership — are banned from accessing U.K. ports and services.
The Eneos Endeavor supertanker arrives at a refinery in Yokohama on Saturday.
JAPAN
Jun 11, 2026
Japan’s July oil imports to return to pre-Iran war level, Takaichi says
Japan relied on the Middle East for over 90% of its oil imports but has significantly diversified its supply chain.
Vessels are anchored in the Strait of Hormuz, as seen from Musandam, Oman, on Wednesday.
WORLD
Jun 11, 2026
Oil surges as fresh U.S. strikes on Iran threaten fragile truce
Brent crude surged over 2% to trade above $95 a barrel, while West Texas Intermediate advanced toward $93, before paring gains after the U.S. ended a brief campaign of strikes.
Prime Minister Sanae Takaichi says it is "more convenient to publicly recognize companies that cooperate" with releasing their inventory than to enforce anti-hoarding laws.
JAPAN / Politics
Jun 9, 2026
Takaichi reluctant to resolve naphtha bottleneck by enforcing laws
With naphtha-made products still in short supply, the prime minister’s government is facing questions on using two laws to punish hoarders.
Security forces stand guard during a rally by supporters of the Iran-backed Houthi movement in Sanaa, Yemen, on May 18.
WORLD / Politics
Jun 9, 2026
Why Houthi threats on Red Sea shipping could mean more pain for oil markets
Yemen’s Tehran-aligned militant group said it would ban ships linked to Israel from the Red Sea after Israel renewed its ⁠military attacks on Iran.
Uruguay federation reportedly cancels charter flight after World Cup exit
Uruguay's Jose Maria Gimenez reacts after the team's loss against Spain at the 2026 FIFA World Cup on Friday.
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
India’s gig workers pay the price for exposure to New Delhi’s hazardous air
Rohit Kushwaha waits for a customer as he delivers his last parcel of the day, in New Delhi in January. His work as a delivery driver has helped pay the family’s bills, but has had a significant impact on his health.
Yen hits 40-year low against the dollar, breaking ¥162 level
Japan's currency broke ¥162 to the dollar on Tuesday in Tokyo.
Japan falls in gut-wrenching fashion as Brazil strikes late to win World Cup clash
Brazil's Gabriel Martinelli (right) shoots past Japan defenders Shogo Taniguchi (left) and Takehiro Tomiyasu to score in the second half of a match in the round of 32 at the 2026 FIFA World Cup in Houston on Monday.
Japan’s fertility system offers few safe paths for same-sex couples
A Tokyo Pride parade participant holds a sign that says "we want to be a married couple, not a couple."
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
A French ship with close ties to Japan combines arts and sciences on the high seas
Romain Troublé, the executive director of Tara Ocean Foundation, speaks to visitors aboard the Tara during a rare port call in Tokyo in April.
In Kyushu’s far south, Senti.U sparks a culinary destination
Chef Yasuhiko Uchida was born in Saga Prefecture but has made his home in Kanoya, Kagoshima Prefecture, since 2012.
‘The colors speak for themselves’: How Japan’s chroma bible went global
“A Dictionary of Color Combinations” is meant to function as a quick-reference guide for artists, designers and anyone with a passing interest in aesthetics as a quantifiable pursuit.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

The Terasaka Rice Terraces are seen with Mount Buko in the background.
What Yokoze can teach Japan about rural revival
By Alex K.T. Martin

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