Iran War
Tanker traffic through Hormuz falls to lowest level since talks began
Insurers and shipowners are quietly rerouting around the Gulf as negotiators in Muscat argue over an inspection timetable.
Iran War
Muscat talks stall over inspection timetable, diplomats say
Both sides agree on what should be inspected. They cannot agree on when.
Ukraine
Kyiv braces for winter as strikes target the power grid
Utilities have rebuilt substations twice in two years. This time they are building them underground.
Global Supply Chain
Port congestion in Rotterdam spreads to Antwerp as carriers reroute around the Gulf
Longer voyages mean bunched arrivals, and Europe's two biggest ports are feeling it at the same time.
Iran War
Insurers raise war-risk premiums for Gulf shipping for the third time this year
The cost of covering a single tanker voyage has more than doubled since January.
Ukraine
Allies pledge additional air-defense batteries ahead of expected winter campaign
The commitments are welcome in Kyiv, but delivery timelines remain vague.
Global Economy
Central banks signal a pause as inflation cools unevenly across the G7
Goods prices are falling. Services prices are not. Policymakers are choosing to wait.