Closing the Strait would spur a big rise in the price of oil, but analysts say shipping and air travel to the Middle East has already been hit and there may be other ways Tehran seeks to strike back against the US.

An ballot in Japan on July 20 - and conflict in the Middle East - reduce the chance of the two sides reaching a deal by July 9, when the US will end its pause on tariffs, analysts say

US tariffs have hit China's exports and industrial demand. Research firms now predict the country's annual imports of LNG will decline for the first time in three years

US Trade Rep says China was slow to restore access to rare-earth minerals, while Beijing was unhappy about new export controls and other moves imposed by the White House

The move is the latest disruption in Chinese purchases of US ethane, which hit a record of 492,000 barrels per day in 2024

Analysts say his trade goals can probably be achieved via sector-specific tariffs or other levies; but International Trade Court ruling creates uncertainty for business and trade negotiations

Taiwan has signed a deal to invest in the project, while Japan, South Korea and Thailand have expressed interest in buying LNG if the 1,300km pipeline is completed

Analysts say countries in Southeast Asia like Vietnam, Thailand and Malaysia, plus Mexico, who are part of the China-plus-one supply chain, will need to make better deals with Washington. 

The Modi government has said its will slash its tariff gap with the US to less than 4% from nearly 13% – in a bid to be exempt from Trump's tariff hikes, sources have revealed

Beijing has grown increasingly alarmed about the impact of US tariffs on the economy and the risk of isolation as other countries started negotiating deals with Washington

Officials at the Ports of Los Angeles and Long Beach expect a plunge in cargo from Asia that could last well into the second half, if not longer

China has granted tariff exemptions on US goods such as pharmaceuticals, chips and aircraft engines and has asked firms to identify critical goods they need levy-free