Weeks of road blockades have cut off La Paz costing the city an estimated $6.5 million daily and squeezing fuel food and medicine supplies.
Month: June 2026
WTO Data: 95% Drop in Crude Oil Shipments Through Hormuz Since Iran Conflict Began
World Trade Organization data highlights an almost complete halt to oil and LNG traffic through the world’s most critical energy chokepoint.
Global Shipping Disruption from Strait of Hormuz Sends Energy Prices Surging
The ongoing blockade of the Strait of Hormuz has pushed global fuel prices to multi-year highs benefiting Russia and Iran at the expense of importing nations.
Alan Greenspan Remembered as ‘Maestro’ of US Economy After Death
The former Federal Reserve chairman’s legacy of navigating the dot-com boom and recession is being re-evaluated by economists.
Cuba Parliament Approves Sweeping Economic Reforms Allowing Partial Privatization
In a historic shift Cuba’s legislature greenlit reforms that would open large portions of the economy to private ownership under intense US economic pressure.
Colombia’s Far-Right Election Victory Expected to Shift Business and Investment Dynamics
Markets and trade analysts assess what a Trump-aligned presidency in Bogota means for Colombia’s economic policy foreign investment and US trade ties.
China Announces $295 Billion Five-Year AI Infrastructure Investment Plan
Beijing unveiled a massive state-directed plan to fund AI compute energy and research infrastructure representing roughly $59 billion annually.
UAE’s ADNOC Estimates Full Hormuz Oil Flows Will Not Resume Until 2027 Even With a Deal
The UAE’s state oil company says the logistical and insurance challenges of resuming full Strait of Hormuz shipping will take months beyond any ceasefire deal.
US Stocks Drift as Oil Prices Ease and Big Tech Falls After Iran Deal News
Markets moved cautiously on Monday as investors weighed the impact of progress in US-Iran talks against falling crude prices and weakness in tech stocks.
Alan Greenspan’s Legacy — The ‘Maestro’ Who Shaped Modern Monetary Policy
PBS News Hour reflects on the life and long tenure of the late Federal Reserve chair Alan Greenspan who steered US monetary policy through pivotal decades.