middle east

The new routes will take longer, and some shipping companies are adding a surcharge to compensate for the additional risk, as well as the extra fuel and labor.

While the conflict could raise prices at the pump for American consumers, China will feel the biggest disruption to its energy market.

Around 20% of the world's oil passes through the Strait of Hormuz, off the coast of Iran. Oil prices are higher today because of how a potential U.S. intervention could limit oil supply.

The increased risk from conflict in the Middle East carries a premium.

Despite fears about how oil shipments could be affected if Iran targets tanker traffic moving through the Strait of Hormuz, global supply remains strong.

So far, the conflict between Israel and Iran hasn’t caused oil prices to spike too high, but economists are watching.

After weathering an economic meltdown, Lebanon’s restaurants and hotels face the challenge of staying open amid the Israel-Hamas war.

High bread prices have helped topple governments in the region.

There are a lot of opportunities for investment and technology, tourism and trade, Middle East researcher Sanam Vakil says.

Oil prices are still far below the break-even point for many producers in the Middle East.