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July 04, 2025
 

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OIL

An oil tanker unloads imported crude oil at Qingdao port in China in 2022.
BUSINESS
Jul 2, 2025
Major Chinese ports keep Iranian oil flowing despite sanctions
From January to June, terminals in the port clusters around Qingdao, Dalian and Zhoushan have helped China purchase almost 1.4 million barrels a day of Iranian crude.
U.S. President Donald Trump speaks to the press before boarding Marine One from the South Lawn of the White House in Washington on Tuesday.
WORLD / Politics
Jun 25, 2025
Trump baffles with sudden U-turn on China buying Iranian oil
U.S. Treasury and State department officials handling Iranian oil sanctions were surprised by Trump’s statement and uncertain how to immediately interpret it.
The Strait of Hormuz separating Iran (top) from the United Arab Emirates and Oman (bottom) as seen from the International Space Station in 2021. More than half of the oil imported by East Asia passes through the Strait, experts estimate.
BUSINESS / Economy
Jun 24, 2025
Asian countries most vulnerable to Strait of Hormuz blockade
Japanese customs data showed 95% of crude oil imports last year came from the Middle East.
People attend a protest following U.S. attacks on Iranian nuclear sites, amid the Iran-Israel conflict, in Tehran on Sunday.
BUSINESS / Economy
Jun 23, 2025
U.S. strikes on Iran come at fragile moment for the global economy
The biggest economic impact from a prolonged conflict in the Middle East would likely be felt via surging oil prices.
Protesters, predominantly Houthi supporters, burn Israeli and U.S. flags as they demonstrate in solidarity with Palestinians and Iran, amid the Iran-Israel conflict, in Sanaa, Yemen, on Friday.
BUSINESS / Markets
Jun 23, 2025
How a cornered Iran could wreak havoc on global oil trade
Iran has over the years threatened multiple times to shut the Strait of Hormuz — a narrow stretch of water through which a fifth of the world’s oil supply flows each day.
Smoke rises from an Israeli attack on an oil refinery in Tehran on June 15.
BUSINESS / Markets
Jun 22, 2025
Trump’s airstrikes on Iran leave oil market poised for surge
A recent rise in the price of oil is expected to restart on Monday after the U.S. assault dramatically raised the stakes in a region that accounts for a third of global oil output.
Friday's gains were the largest intraday moves for oil futures since 2022 after Russia invaded Ukraine, causing energy prices to spike.
BUSINESS
Jun 13, 2025
Oil soars more than 9% after Israel strikes Iran, rattling investors
Friday's gains were the largest intraday moves for oil futures since 2022 after Russia invaded Ukraine, causing energy prices to spike.
The Eagle S oil tanker is seen near a Finnish border guard ship and tugboat off the Porkkalanniemi Peninsula in the Gulf of Finland in December. Finland seized the Russian-linked vessel on suspicion it damaged undersea cables amid growing concerns over sanctions evasion and maritime security.
COMMENTARY / World
Jun 2, 2025
Braving the storm: It’s time to board Russia’s shadow fleet
European sanctions against the Kremlin’s oil vessels are futile without actual enforcement.
Ukrainian Armed Forces fire a mortar toward Russian troops in Donetsk region, Ukraine, on May 16.
WORLD / Politics
May 21, 2025
EU and Britain go ahead with new Russia sanctions without waiting for Trump
The measures would zero in on Moscow's "shadow fleet" of oil tankers and financial firms that have helped it avoid the impact of other sanctions imposed over the war in Ukraine.
Idemitsu Kosan President Noriaki Sakai speaks during an interview in Tokyo on April 23.
BUSINESS / Companies
May 11, 2025
Idemitsu to enhance all-solid-state battery business
All-solid-state batteries have shorter charging times and enable vehicles to travel longer per charge, compared with conventional batteries.
Prime Minister Shigeru Ishiba at the Prime Minister's Office in Tokyo on April 17
JAPAN / Politics
Apr 23, 2025
Opposition slams Ishiba's gas price cut while calling to scrap provisional tax
Ishiba's decision would lower gas prices by ¥10 per liter starting May 22, but nixing the provisional gas tax would lower prices by ¥25.
The crude oil tanker New Odyssey arrives at the port in Qingdao, in China's eastern Shandong province on April 15. The U.S. has issued new sanctions targeting Iran's oil exports, including against a China-based independent oil refinery.
WORLD / Politics
Apr 17, 2025
U.S. issues new sanctions targeting Chinese importers of Iranian oil
The move comes as Washington seeks to ramp up pressure on Iran as it reentered talks with Tehran over its nuclear program this month.
The Trump administration, in a desperate bid to cushion trade war inflation, is pushing for cheap oil, but $50-a-barrel will ultimately widen the very trade deficit the U.S. president wants to reduce.
COMMENTARY / World
Apr 13, 2025
$50-a-barrel oil is a problem for the U.S. trade deficit
If oil prices fall to $50, under that scenario, total petroleum production in America will probably decline by 1 million barrels a day by the end of 2025.
Canadian Prime Minister Mark Carney speaks during a campaign rally in Calgary, Alberta, Canada, on Tuesday.
WORLD / Politics
Apr 10, 2025
Canada’s Mark Carney treads a fine line on climate in a tight election
In a nation whose energy sector is still dominated by oil and gas, the question is how much the new prime minister may need to play down his green resume in order to win.
Russian President Vladimir Putin visits a nuclear-powered submarine in Murmansk, Russia, on Thursday.
WORLD / Politics
Mar 31, 2025
Trump threatens Russia oil penalties, citing anger at Putin
The U.S. president also raised the threat of bombing Iran until it signs a deal that renounces nuclear weapons.
Demonstrators hold signs near the White House as they protest against the Dakota Access Pipeline in 2017.
ENVIRONMENT
Mar 22, 2025
What the $660 million Greenpeace verdict means for U.S. activism
Legal experts warn the decision could significantly deter other environmental groups from protesting oil and gas companies around the U.S.
Protesters demonstrate against the Dakota Access Pipeline near Cannon Ball, North Dakota, in 2016.
WORLD / Crime & Legal
Mar 20, 2025
Jury finds Greenpeace liable for more than $660 million in damages
The verdict was a major blow to the environmental organization.
The Lakhta Center business tower, which serves as the headquarters of Russia's largest gas producer Gazprom, in St. Petersburg on March 7
BUSINESS / Companies
Mar 17, 2025
Gazprom's grandeur fades as Europe abandons Russian gas
Gazprom is arguably the Russian business hardest hit by the international sanctions imposed after Russia's full-scale invasion of Ukraine three years ago.
Bleached and dead coral around Lizard Island on the Great Barrier Reef, located 270 kilometers north of the city of Cairns, Australia, on April 5, 2024
ENVIRONMENT / Earth science
Mar 17, 2025
From oil spills to new species: How tech reveals the ocean
New technologies are helping to reveal hidden oil spills, speed up the discovery of new species and uncover the impact of light pollution.
The Stratos Direct Air Capture Facility, a joint venture between Occidental Petroleum and asset manager BlackRock, in Ector County, Texas, last July.
ENVIRONMENT / Climate change / FOCUS
Mar 16, 2025
Carbon capture industry tweaks message for the Trump era
The lobbying strategy is to frame CCS as "an economic competitiveness and American leadership issue."
Magnitude 5.5 earthquake jars Tokara Islands amid flurry of seismic activity
A strong quake struck off the Tokara Islands on Thursday afternoon, with the island chain having recorded around 1,000 earthquakes since a burst of seismic activity first began on June 21.
Onosato's yokozuna promotion causes rare quirk in new sumo rankings
Newly promoted yokozuna Onosato holds a copy of the latest banzuke ranking in Anjo, Aichi Prefecture, on Monday.
A prophesied disaster (likely) won’t strike Japan this weekend
A viral manga prediction of a July 5 disaster has gripped Japan with anxiety and triggered an economic impact, but experts warn that while such dates are unreliable, the threat of a massive earthquake remains real. 
Over 900 earthquakes strike Tokara islands in space of two weeks
A screenshot shows many quakes occurring in the Tokara islands over the past 30 days, in this image taken from the U.S. Geological Survey website.
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Ghibli’s Isao Takahata exhibit shows how beloved anime is made
“The man who planted Japanese animation” exhibition includes a variety of sketches, drawings and animation cels from Isao Takahata films such as color design for characters by Michiyo Yasuda from "Grave of the Fireflies."
Flag football facing challenges and opportunities ahead
Japan’s women’s flag football team at the 2025 International Bowl in Los Angeles in June. The sport is enjoying continued growth in the country.
From Hokusai’s Great Wave, shinkansen to One Piece: a cultural treasure box for Lego Japan
Michael Ebbesen, general manager of Lego Japan, says Lego bricks based on Japanese culture have a rich global appeal and are sellable around the world.
With farmed fish, RelationFish swims against the tide in fine dining
Chef Hideaki Matsuo (middle) and the staff of Oseto Suisan Fisheries prepare to check on their sustainably farmed fish.
As Southeast Asia heats up, a Japanese cooling giant sees a major opportunity
An employee of Daikin Cambodia explains the use of different tools during an air conditioner installation training session in Phnom Penh. Daikin is one of Japan’s oldest air conditioning companies, but as Japan’s population falls, the firm is keying in on overseas growth.

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One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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