Global trade

Iraq delays July public salaries as Strait of Hormuz blockade guts oil revenue

Iraq’s oil exports plunged from 100 million barrels in February to around 32 million in May and June, according to figures shown to The National by the country’s Oil Ministry.

Shia Muslims gather along the Bayn al-Haramayn or "between the two sanctuaries", a 378-meter open marble-paved avenue linking the Imam Hussein Shrine and Imam al-Abbas Shrine, in the city of Karbala on August 4, 2026.
Belgian Prime Minister Bart De Wever walks as members of the parliament applaud, at the Belgian Parliament in Brussels, Belgium.

'Point of no return': Belgium becomes fourth European country to ban imports from West Bank

US President Donald Trump gestures after ringing the opening bell for the New York Stock Exchange (NYSE) and Nasdaq during an event to mark the launch of "Trump Accounts" in the Oval Office at the White House in Washington, July 6, 2026.

Trump warns US can wipe out Iran's power grid in 'small part of an afternoon' if deal not reached

Gas flares burn at the Rumaila oil field during an armed patrol by Iraqi Energy Police in Basra, Iraq, June 8, 2026.

Middle East reroutes its energy networks as region navigates shifting sands - analysis


China issues sweeping new controls of overseas trade, counter sanctions with new restrictions

The rules, published by the State Council, will take effect from July 1. One of the most significant articles requires authorization for exports of restricted Chinese goods, technologies, and data.

Factories are silhouetted during sunset, in Handan, Hebei province, China April 7, 2026.

Elbit Systems secures $1.4b. European defense contract as backlog passes $30b.

The multi-domain package includes autonomous unmanned vehicles, ground-based electronic warfare solutions, precision-guided artillery, and advanced reconnaissance systems.

View of Elbit Systems offices in Jerusalem on December 3, 2024.

Modi-Meloni meeting puts Italy at center of India’s Europe strategy

Rome has become a useful European partner for India as both countries seek deeper cooperation on trade, technology, ports, defense, and the India-Middle East-Europe Economic Corridor

India's Prime Minister Narendra Modi Delivers A Speech At The AI Impact Summit In New Delhi On February 19, 2026

Shippers Hapag-Lloyd, CMA CGM suspend Cuba bookings after US executive order

Shipping giants CMA CGM and Hapag-Lloyd have suspended all bookings to and from Cuba until further notice, they said separately on Sunday, with both citing a US executive order issued on May 1.

Hapag-Lloyd sign on a container ship at the Valparaiso port, Chile, January 11, 2024.

Global food supply under threat by continuing Iran War

The disruptions have hit farmers entering key sowing periods, particularly those dependent on urea fertilizer and imported fuel.

A farmer from the Red Dao ethnic group rests in a shack as she takes a break from planting rice in a paddy on May 4, 2026 near Sapa, northern Vietnam. The economic fallout from the Iran war is impacting farmers across Asia as the planting season for staples like rice gets underway.

Turkey, Syria, Jordan unveil Gulf-Europe rail corridor as Ankara pushes alternative trade routes

The proposed network would run from Europe through Turkey, continue across Syrian territory, and extend into Jordan, creating a continuous land bridge between Mediterranean ports and Gulf markets.

Turkish President Recep Tayyip Erdogan and Syrian President Ahmed al-Sharaa attend a press conference at joint press conference at the Presidential Palace in Ankara, Turkey, February 4, 2025; illustrative.

Closing the Strait of Hormuz could bankroll a new Iranian government - opinion

Sanctioned Iranian oil offers the opposition a rare chance to challenge the regime and stabilize global oil prices.

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026.

Middle East’s future may be decided in the Horn of Africa - opinion

The Red Sea is becoming the center of global power.

The Horn of Africa is seen on a map (illustrative)

Chinese provinces were planning Tehran trade expos, then the war broke out

Chinese government procurement and tender records on Iran show contracts issued in recent months, pointing to the vibrant commercial engagement of the two nations.

The national flag of Iran flies in the wind as debris lies scattered in the aftermath of an Israeli and US strike on a police station, in Tehran, Iran, March 3, 2026

America’s fight for global dominance is waged in oil, trade, and tech - opinion

The core US interest is clear: To halt China’s economic rise before it becomes a technological, industrial, and financial superpower.

President Donald J. Trump entering the House Chamber before delivering the first State of the Union address of his second term to a joint session of Congress in the House Chamber of the United States Capitol in Washington, DC, on Tuesday, February 24, 2026.