March 03, 2026
The conflict in the Persian Gulf is already disrupting shipping in one of the most significant oil and gas-producing regions in the world. Tanker traffic in the Strait of Hormuz has all but ground to a halt, and major oil and LNG facilities in Qatar, Saudi Arabia, and the United Arab Emirates have been disrupted. Meanwhile, oil and gas prices are spiking as concerns grow over how long the conflict could last.
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People search for casualties under the rubble of a collapsed building in the aftermath of earthquakes, in Caracas, Venezuela, on June 25, 2026.
REUTERS/Leonardo Fernandez Viloria
The death toll from the Venezuelan earthquakes continues to rise, nearing 600 by Friday morning. But as is often the case with natural disasters of this scale, there will be a political dynamic too.
The reported move is a reflection the overwhelming pressure on the German automotive sector from lower-cost Chinese car exports.
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