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Hormuz Closure 'Inflicting Enormous Impact' On Asia: Japan's PM Takaichi The closure of the Strait of Hormuz is "inflicting enormous impact" on the Asia-Pacific region, Japanese Prime Minister Sanae Takaichi said Monday in somewhat dramatic remarks before the press. Takaichi's words were issued from Canberra, on the occasion of Japan having signed agreements with Australia on critical minerals, energy security, and defense cooperation amid high-level talks with Prime Minister Anthony Albanese. Albanese in turn endorsed her assessment, stating: "Today, (we are) again facing an energy shock and global instability... Our partnership helps...

Iranian Starlink Black Market Prices Soar As War Risks Rise Iran's black market for Starlink terminals has rapidly repriced, with reported street quotes of $4,000 per terminal, up from $700 to $1,000 last summer, as war risks surge and renewed fears grow over stricter internet censorship and another blackout. Bloomberg spoke with Starlink terminal sellers and human rights groups that said satellite internet via Starlink terminals is one of the only ways to stay connected to the rest of the world, as the Iranian government has cut access or forced...

Tracking The Last UK-Bound Jet Fuel Tanker As Shortages Near We outlined the early signs of global demand destruction and worsening energy chaos in a note earlier on Monday, mapping the regional dominoes and the order in which they are likely to fall. Turning to the UK, the last known jet fuel shipment from the Middle East is due to arrive later this week, a major warning that aviation disruptions could soon materialize. The Financial Times reports that the Libyan-flagged Maetiga vessel, loaded with jet fuel from Saudi Arabia, is set...