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Can the world survive without Gulf oil?

A prolonged Gulf conflict would test whether the world is truly ready to move beyond the fuel that built the modern economy

Oil tankers passing through the Strait of Hormuz in 2018. Photo: Reuters

Oil rises on concerns over Strait of Hormuz reopening plans

Currency dealers work as an electronic board displays the Korea Composite Stock Price Index (KOSPI) in Seoul, South Korea, May 6, 2026. Photo: REUTERS/Kim Soo-hyeon

Emerging markets get a hard lesson in tech hype

People look on with models of oil pump jacks seen in the foreground at China Petroleum & Chemical Corporation, or Sinopec, booth at China International Fair for Trade in Services (CIFTIS) in Beijing, China, September 11, 2025. Photo: REUTERS/Maxim Shemetov/File Photo

Sinopec steps up Russian oil imports to offset Middle East supply cut: Traders and tracker

FILE PHOTO: A worker walks past the logo of Reserve Bank of India (RBI) inside its office in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis

RBI keeps interest rates unchanged

People wearing protective face masks, following an outbreak of the coronavirus disease (Covid-19), look at a stock quotation board outside a brokerage in Tokyo, Japan, March 10, 2020. Photo :Reuters

Asia stocks struggle for direction, oil moves higher

File Photo: Reuters

Oil ticks up after selloff as talks to end US-Iran war remain uncertain

Employees stand in front of electronic boards as they work a late-night shift in preparation for the launch of South Korea's 24-hour won-dollar trading market from July 6, at Hana Bank's dealing room in Seoul, South Korea, June 16, 2026. Photo: REUTERS/Kim Hong-Ji/File Photo

Big investors think it might be time to buy in South Korea

A Japanese yen note is seen in this illustration photo taken 1 June, 2017. Photo: Reuters

Japan, US confirm joint yen-buying intervention, signal more action

A Japanese yen note is seen in this illustration photo taken 1 June, 2017. Photo: Reuters

Japan to announce Tokyo, Washington took joint action on yen, sources say

Opec+ tipped to raise production again but new quotas loom

Opec+ tipped to raise production again but new quotas loom

An aerial view of the Iranian shores and the island of Qeshm in the strait of Hormuz, December 10, 2023. Photo: REUTERS/Stringer/File Photo

When global sea routes become battlefields

FILE PHOTO: Model of LNG tanker is seen in front of China's flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

China's shifting energy mix weakens pillar of global LNG growth