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Iran War Pushes Global Supply Chain Costs Higher as Freight Rates Surge

Key Points: Global shipping costs spiked rapidly during the first 50 days of the ongoing Iran war. Airlines slashed cargo flights and raised fees as jet fuel prices nearly doubled. Cargo ships continue to avoid the Red Sea, taking a long detour around Africa. Spiking oil prices are pushing trucking and delivery rates significantly higher worldwide The war in Iran has hit the 50-day mark,...

China Warns US Congress Over New Semiconductor Export Control Bills

Key Points: China promised to take all necessary measures to protect domestic companies from aggressive US export control bills. The US House Foreign Affairs Committee recently passed the MATCH Act to restrict sales of advanced technology. Chinese officials accuse the US government of using national security as a fake excuse to block fair trade. The ongoing political dispute threatens to severely disrupt the multi-billion-dollar global...

European Fuel Prices Stay High Following US-Israel Strikes on Iran

Key Points: Fuel prices surged globally after the United States and Israel attacked Iran in late February 2026. The average cost of petrol across the European Union jumped 12% to €1.83 per liter. Diesel drivers suffered an even bigger shock as prices skyrocketed 26% to €2.01 per liter. Gas prices remain high across Europe despite a fragile ceasefire agreement signed in early April. Drivers across...