The United States has reimposed its naval blockade on Iranian ports following the collapse of peace talks, but Iran's oil exports continue through a secretive network known as the "shadow fleet."

This network consists of hundreds of aging oil tankers that operate outside traditional shipping systems, helping Tehran continue its energy trade despite years of U.S. sanctions. These vessels often disable tracking systems, change identities, use foreign registrations, and conduct ship-to-ship oil transfers to hide their origins.

While Washington's sanctions target companies, banks, and shipping firms involved in Iranian crude trade, Iran has built a parallel export system that keeps its oil flowing to international buyers, especially China.

Iran's Ships Hide Identities to Evade U.S. Sanctions & Tracking | The West Asia Post 

The United States is preparing a fresh wave of tariffs on dozens of trading partners, as President Donald Trump doubles down on using trade penalties as a negotiating tool. The new duties could affect countries including China, India, Japan, Canada, Mexico, the European Union and others, with Washington accusing some nations of failing to address forced labour concerns.

Donald Trump expands global Trade Tariff Push | World Business Watch | Wion 

Asia's property market is sending mixed signals. While countries like India and Japan continue to post record demand and rising investments,markets such as Hong Kong and Mainland China are still grappling with weaker fundamentals. But beneath those headline numbers lies a deeper story -one of widening gaps between cities, sectors and even buildings. Here's a closer look.

Asia's property boom hides a growing divide | World Business Watch | Wion News 

Global energy markets are facing renewed uncertainty as Brent crude oil prices surge above $94 per barrel amid rising US-Iran tensions. Analysts warn that crude prices could approach $100 per barrel soon, while a worst-case scenario could push Brent back toward $120 if oil flows through the Strait of Hormuz are severely disrupted.

The Strait of Hormuz remains one of the world's most important energy routes, carrying millions of barrels of oil every day. Any escalation in the Middle East could trigger a fresh oil shock, impacting fuel prices, inflation, and global economies.

Goldman warns: Brent could top $120 again | Wion News  | World Business Watch 

 China has just posted its highest-ever oil and gas production. But even as Beijing celebrates record output, it is warning that the country's energy future is becoming far more difficult. Depleting oilfields, rising extraction costs and growing geopolitical risks are forcing China to rethink how it secures its energy supplies.

China's Energy Warning After Record Output | World Business Watch | Wion News 

The global oil market is facing its worst supply shock in recorded history. Shell CEO Wael Saw-wan has put a number on it, nearly one billion barrels of crude oil gone missing. That gap is growing every single day.


Shell CEO: Oil Market Missing One Billion Barrels

US regulators are investigating whether oil traders used advance knowledge of a delayed strike on Iran to secure multi-million-dollar profits from an $800 million surge in futures contracts.

Were oil markets quietly primed? CFTC probes $800 million pre-announcement trades | WION Decodes

Major output cuts in key oil-producing regions have eroded the surplus that once kept prices stable. Earlier, global oil markets were well oversupplied, with an average surplus of 2.3 million barrels per day in 2025.

From surplus to shortage: Iran tensions push global oil market into deficit - Report

Business & Economy: Oil prices saw a sharp fall after the eight-member OPEC+ announced plans to boost oil production by 411,000 barrels per day in June

Oil sees a sharp decline as OPEC+ decides to increase supply

Oil prices stabilized on Tuesday on expectations that producer group OPEC and its allies will keep withholding supply to prevent prices from tumbling amid a broad economic slowdown which has started eating away at fuel demand growth.

Oil stable as market eyes ongoing supply cuts amid downturn

Fundamentals offer limited scope for further price gains and Brent is expected to trade broadly sideways over the coming months

Oil steady as market moves towards balance, but slow Asian demand hurts