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Pakistan’s Air Force fighter JF-17 fighter jets fly past during the multinational naval exercise AMAN-25 in the Arabian Sea near Pakistan’s port city of Karachi on February 10, 2025, as more than 50 countries participating with ships and observers. (Photo by Asif HASSAN / AFP) (Photo by ASIF HASSAN/AFP via Getty Images)

Pakistan sends military force to Saudi Arabia as part of pact

By Sara Gharaibeh and Bloomberg

OMAN – APRIL 08: A view of the vessels passing through Strait of Hormuz following the two-week temporary ceasefire reached between the United States and Iran on the condition that the strait be reopened, seen in Oman on April 08, 2026. (Photo by Shady Alassar/Anadolu via Getty Images)

Three oil supertankers sail through the Strait of Hormuz

By Julian Lee, Weilun Soon, and others

CAPE CANAVERAL, FLORIDA – APRIL 1: (EDITOR’S NOTE: This Handout image was provided by a third-party organization and may not adhere to Getty Images’ editorial policy.) In this handout image provided by NASA, NASA’s Space Launch System rocket launches carrying the Orion spacecraft with NASA astronauts Reid Wiseman, commander; Victor Glover, pilot; Christina Koch, mission specialist; and CSA (Canadian Space Agency) astronaut Jeremy Hansen, mission specialist on NASA’s Artemis II mission, Wednesday, April 1, 2026, from Operations and Support Building II at NASA’s Kennedy Space Center in Cape Canaveral, Florida. NASA’s Artemis II mission will take Wiseman, Glover, Koch, and Hansen on a 10-day journey around the Moon and back aboard SLS rocket and Orion spacecraft launched at 6:35pm EDT from Launch Complex 39B. (Photo by Bill Ingalls/NASA via Getty Images)

Boeing’s moon rocket faces uncertain future under Trump’s NASA

By Sana Pashankar and Bloomberg

OMAN – APRIL 08: A view of the vessels passing through Strait of Hormuz following the two-week temporary ceasefire reached between the United States and Iran on the condition that the strait be reopened, seen in Oman on April 08, 2026. (Photo by Shady Alassar/Anadolu via Getty Images)

U.S. Navy ships transit Hormuz ahead of mine-clearing mission

By Angela Cullen and Bloomberg

The Federal Reserve building is seen in Washington, DC, March 15, 2026. (Photo by Annabelle GORDON / AFP via Getty Images)

Fed seeks details on U.S. banks’ exposure to private credit firms

By Katanga Johnson, Dawn Lim, and others

xi jinping

Deutsche Bank says China is energy ‘winner’ in age of war

By Ishika Mookerjee and Bloomberg

hormuz

Hormuz traffic still blocked as Iran tries to formalize control

By Alex Longley, Weilun Soon, and others

oil

Goldman flags $100-plus Brent if Hormuz shut another month

By Jake Lloyd-Smith and Bloomberg

Bitcoin has been stuck in a range between roughly $60,000 and $75,000 since the conflict in Iran began in late February.

Bitcoin slides with risk assets as Trump’s Iran ultimatum looms

By Suvashree Ghosh, Melos Ambaye, and others

UST-LUGA OIL TERMINAL, NORTHERN RUSSIA — MARCH 27, 2026: 05 — Vantor near-infrared satellite image shows multiple oil storage tanks on fire with thick black smoke billowing from the Ust-Luga oil terminal complex. Please use: Satellite image (c) 2026 Vantor.

Russia’s key Baltic port resumes crude loading after attacks

US President Donald Trump during a prime-time address to the nation in the Cross Hall of the White House in Washington, DC, US, on Wednesday, April 1, 2026. Trump said the war in Iran is “very close” to completion, seeking to reassure Americans about his handling of a conflict that has roiled financial markets and jeopardized his political standing with American voters. Photographer: Alex Brandon/AP Photo/Bloomberg via Getty Images

Trump risks confidence in U.S. role as guardian of global shipping

By Gerry Doyle, Peter Martin, and others

People board Wizz Air plane at Milan Malpensa Airport in Milan, Italy on January 18, 2026. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

Italy sets jet fuel limits at some airports on supply gap

By Danny Lee, Mihir Mishra, and others

WASHINGTON, DC – APRIL 1: U.S. President Donald Trump arrives to speak in the Cross Hall of the White House on April 1, 2026 in Washington, DC. Trump used the prime-time address to update the nation on the war in Iran. (Photo by Alex Brandon-Pool/Getty Images)

Trump warns Iran it has 48 hours left as airman remains missing

By Arsalan Shahla, Patrick Sykes, and others

The propellers of a C-130 Hercules and a Lockheed Martin JASSM cruise missile exhibit at the Farnborough Airshow, on 16th July 2018, in Farnborough, England. The AGM-158 JASSM (Joint Air-to-Surface Standoff Missile) is a low observable standoff air-launched cruise missile developed in the United States. It is a large, semi-stealthy long-range weapon of the 2,000 pounds (910 kg) class. (Photo by Richard Baker / In Pictures via Getty Images Images)

U.S. deploys bulk of stealthy long-range missile for Iran war

By Gerry Doyle and Bloomberg

MUSCAT, OMAN – MARCH 21: Lightning occurs when META 4, an Oil Products Tanker, sails into Muscat Anchorage on March 21, 2026 at Sultan Qaboos Port in Muscat, Oman. President Donald Trump had threatened to attack Iran’s energy infrastructure if it did not end its de facto blockade of the Strait of Hormuz by just before midnight GMT of March 23. A subsequent statement from President Trump said the U.S. and Iran had held “very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East,” and that he would postpone any attacks on Iranian energy infrastructure for five days. Maritime traffic through the strait, which conveys about 20% of the world’s oil and gas, has mostly come to a halt after the joint U.S.-Israeli war with Iran that began on February 28. (Photo by Elke Scholiers/Getty Images)

Iran says Iraqi ships are allowed to use Strait of Hormuz

By Patrick Sykes, Kateryna Kadabashy, and others