Oil export data points to winners and losers after Iran war shock
An analysis of oil export data has identified which countries appear to be benefiting from higher prices linked to the Iran war shock, and which are losing revenue. The piece focuses on the market effects of the price move rather than on a new military or diplomatic development. It says the data offers clues about the scale of the gains and losses across oil-exporting nations.The analysis was published on 16 May 2026 and draws on oil export data to assess the impact of the price rise. It does not name specific countries in the supplied material, but it frames the... [Continue Reading]
360LiveNews | 16 May 2026 11:31 LONDON
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European markets open higher as FTSE hits fresh milestone, energy and autos lead while metals slide
Executive summary: European equities opened firmer, with the FTSE 100 rising to 10,375.1, while the DAX, CAC 40 and Euro Stoxx 50 also posted modest gains. The move came alongside a stronger Brent crude price, a weaker euro and pound, and sharp declines in precious metals, with gold, silver, platinum and palladium all under pressure. Global autos outperformed, while ether also slipped, underscoring a mixed cross-asset tone at the European open. [Continue Reading]
Iran says Hormuz control could bring significant revenues
Iranian officials have said tighter control over the Strait of Hormuz could generate significant economic revenue and strengthen the country's international position.Military spokesman Mohammad Akraminia said oversight of the waterway could potentially double Iran's oil income, according to state television.He said the western part of the strait was controlled by the Revolutionary Guards' naval forces, while the eastern section was overseen by the Iranian navy.The comments come as the strait remains a major point of tension in talks with the United States.Ebrahim Azizi, head of the Iranian parliament's national security commission, said his committee had finalised a plan to manage... [Continue Reading]
360LiveNews | 12 May 2026 21:00 LONDON
Sanctioned Russia-linked ships keep entering UK waters, analysis says
Almost 200 Russia-linked vessels on the UK sanctions list have entered UK waters since the government said armed forces could board sanctioned ships passing through them, according to a new analysis.The analysis identified 184 sanctioned vessels making 238 journeys through UK waters between 25 March and 11 May.It says at least 94 of those crossings briefly entered UK territorial waters.The Ministry of Defence said it was "disrupting and deterring" shadow fleet vessels, but has not publicly said that any sanctioned ship has been boarded or provided evidence that one has been intercepted.The findings matter because the UK has said it... [Continue Reading]
360LiveNews | 12 May 2026 02:29 LONDON
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Gulf states face pressure on economic diversification as Iran war threatens oil revenues
Gulf states are facing renewed pressure on their efforts to diversify their economies as the Iran war threatens oil revenue.The conflict is also complicating plans to expand growth beyond the energy sector.The supplied material says the war is affecting both current oil income and longer-term economic strategies in the Gulf.No further details were provided on which countries are most affected or how quickly the impact is being felt.The issue matters because several Gulf governments have been trying to reduce reliance on hydrocarbons and build broader economic bases.Any disruption to oil revenue could make that transition harder.The available information does not... [Continue Reading]
360LiveNews | 10 May 2026 10:31 LONDON
