EXPLAINER
Could Brazilian oil emerge as one of the big winners of the Iran war?
China and India are among those ramping up imports of Brazilian crude amid Strait of Hormuz disruptions.
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Economic confidence plummets in US amid Iran war, poll shows
As petrol prices rise, new survey suggests economic confidence in the US is at -45, the worst since 2022.
US sanctions elected Hezbollah MPs and Lebanese security officials
Hezbollah says the sanctions will have ‘absolutely no effect’ on its strategy amid ongoing Israeli attacks on Lebanon.
UK launches ‘Great British Summer Savings’ to ease family costs
Families to benefit from reduced VAT to help lower costs at theme parks, theatres, zoos, and museums.
From: Counting the Cost
Is the West de-risking from China or containing its economy?
As the US and Europe push to reduce reliance on China, Beijing tightens control over supply chains.
Published On 21 May 2026
EXPLAINER
Maths behind Hormuz toll: Is paying Iran for transit cheaper than blockade?
Economics of Hormuz closure are skewed towards Iran, so why won’t the vessels just pay Tehran and sail away?
South Korea’s stock market soars as Samsung union calls off planned strike
Benchmark KOSPI rises more than 8 percent following deal to avert strike at top memory chip maker.
Elon Musk’s SpaceX unveils filing for blockbuster IPO
A successful sale could value the company at a record-setting $1.75 trillion.
James Murdoch to acquire New York Magazine and Vox Media Podcast Network
The deal, valued at more than $300m, gives Murdoch control of a storied magazine and a podcast division.
Meta cuts 8,000 jobs in sweeping global layoffs
Meta cancels hiring plans for 6,000 roles amid ongoing layoffs and a pivot to artificial intelligence development.
Controlled reopening ends Iran’s lengthy stock market shutdown
Stocks in companies hit by US and Israeli strikes, such as energy and steel firms, didn’t take part in the reopening.
