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Disruption to LNG supplies could dent European growth and harm reindustrialization ambitions.
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The U.S. has evacuated diplomats in the Middle East and closed several embassies as war in Iran intensifies. And, what to expect from the Senate races in the North Carolina and Texas primary elections.
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The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.
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Air travel in the Middle East appears to be resuming after being suspended since Saturday amid airstrikes on Iran by the U.S. and Israel and the Islamic Republic's retaliatory attacks on other countries in the region.
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