Economics

2 articles

Cargo ships transiting the Strait of Hormuz at sunset, with Iranian and Omani coastlines visible, symbolizing international maritime trade and geopolitical significance.

Iran and Oman to work on pact for Hormuz transit fees

Iran and Oman have signed a memorandum of understanding to begin work on an agreement regarding the future administration of the Strait of Hormuz and to examine charging maritime service fees.

David Chen·June 24, 2026

A powerful visual of the Indonesian flag dominating a landscape filled with coal, palm oil, and ferroalloy, symbolizing the nation's assertion of control over its key commodity exports.

Markets

Indonesia advances state control over key commodity exports

Indonesia's President Prabowo Subianto claims the nation has lost $908 billion due to exporters underreporting sales, prompting a radical plan to funnel all coal, palm oil, and ferroalloy exports thro

David Chen·May 31, 2026