EXPLAINER
Why is US turning to Russia for diesel despite sanctions?
President Donald Trump’s deal with Putin comes amid surging fuel prices and looming US midterm elections.
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ANALYSIS
Is Iran losing its leverage over the Strait of Hormuz?
Crude flows through Hormuz have recovered, but tanker insurance costs and geopolitical risks remain barriers to a return to normality.
US ban on $1bn of Canadian goods takes effect in Trump’s latest retaliation
Trump retaliated against Canada’s counter-tariffs on $20bn worth of US imports by banning $1bn of Canadian goods.
EXPLAINER
Indian firm building $15bn Trump-announced steel mill has deep Russia ties
Russian cash helped Essar, the firm behind the steel factory, manage major debts. Now the group is investing in the US.
Trump announces $15bn steel mill project in Iowa before US midterms
Amid tight Iowa midterm races, US President Trump emphasises steel industry revival with a project announcement.
Arming an adversary: Why Trump’s offer to sell China weapons belies US policy
Analysts dismissed Trump’s proposal as lacking any strategic logic – but said it revealed how he views Beijing.
Iraq looks for oil export alternatives to the troubled Strait of Hormuz
The continued blockade of the Strait of Hormuz has forced Iraq to look for alternatives to export its oil.
US, China list goods recommended for tariff cuts following Trump-Xi summit
Washington and Beijing announce details of agreement to reduce tariffs on $60bn of trade.
Israel revokes Dutch diplomats’ status over sanctions on settlements
Israel escalates retaliatory measures as Western sanctions target illegal West Bank settlements.
Iran shifts trade north to Caspian Sea as war impairs Strait of Hormuz
Iran is looking for alternatives to export its oil as the US blockades its southern ports.
EXPLAINER
Why is Canada’s PM Carney not ruling out a possible war with the US
Trump’s annexation threats have prompted Carney to examine even remote risks to Canada’s sovereignty.
![U.S. President Donald Trump speaks with Canadian Prime Minister Mark Carney at a working lunch with leaders of G7 and the Middle East, in Evian-les-Bains, France, June 16, 2026. [Evelyn Hockstein/Reuters]](/wp-content/uploads/2026/09/reuters_6a9f7f97-1788837783.jpg?resize=770%2C513&quality=80)
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