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Alex Longley
WTI futures surged as much as 11% amid concern that Israel might strike oil facilities in retaliation for Iran’s missile attack.
BUSINESS / Markets
Oct 7, 2024
Oil bets are the most bullish in two years as Mideast tension flares
The escalation in the Middle East has changed everything, with most traders now looking to buy insurance against a surge in oil prices.
The Nautica, a replacement oil tanker for the decaying FSO Safer, arrives in the Red Sea port of Hodeidah, Yemen, in July last year.
BUSINESS
Feb 25, 2024
Shortage of oil tankers at hand as Red Sea attacks divert trade
Only two new supertankers join the fleet in 2024 — the fewest additions in almost four decades.
Graffiti painted on a wall of the Saudi Arabian embassy in Sanaa depicts a Houthi fighter stopping an Israeli ship off the coast of Yemen. The group has been targeting ships in the Red Sea since November.
WORLD / Politics
Feb 20, 2024
Houthi strikes force crew to abandon ship for first time
The militant group made unverified claims that the attack on the British vessel resulted in its complete sinking.
Indian commandos stand guard with a group of detained pirates after the Indian Navy freed an Iranian fishing vessel hijacked by Somali pirates on Tuesday.
WORLD
Feb 4, 2024
As navies focus on Red Sea Houthis, Somali pirates may rebound
Attacks off the coast of Somalia peaked around 200 incidents a year from 2009 through 2011 — there have already been three in 2024
Fighters loyal to the Houthis ride on the back of a pick-up truck during a military parade for new tribal recruits amid escalating tensions with the U.S.-led coalition in the Red Sea, in Bani Hushaish, Yemen on Monday.
BUSINESS / Markets
Jan 24, 2024
Red Sea attacks could disrupt shipping for months, driving up costs
With sailors demanding double pay and insurance rates skyrocketing, shipping lines are steering clear of a waterway that normally carries 12% of seaborne trade.
A ship transits the Suez Canal toward the Red Sea on Jan. 10. Insurance costs for ships whose seafarers who do brave the waterway have shot up tenfold, including a large increase since the airstrikes.
WORLD / Politics
Jan 19, 2024
Airstrikes on Yemen bring new level of chaos to Red Sea shipping
After U.S. and U.K. airstrikes on Houthi targets in Yemen, Western navies caution ships to steer clear.
Japan Times
BUSINESS
Dec 5, 2022
Europe’s new sanctions on Russian oil are set to kick in. But what changes?
After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains uncertain.
Japan Times
BUSINESS / FOCUS
Apr 29, 2021
Pandemic boost for global car sales to spark surge in oil demand
The car renaissance could be the latest example of how COVID-19 will leave a lasting impact on our lives.
Japan Times
BUSINESS
Apr 15, 2021
Egypt seizes Suez ship Ever Given pending $900 million payment
A spokesman for Japanese owner Shoei Kisen Kaisha declined to comment on compensation while discussions with the Suez Canal Authority are underway.

Longform

People in cities across Japan will pop into their local convenience store for any number of products they believe will help them with a night of drinking.
Hangover cures are everywhere in Japan — but do they work?