live Hormuz traffic slows as uncertainty over waterway persists
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most s...
China’s exports grew faster than expected in April, as overseas buyers moved quickly to secure supplies amid fears that the conflict involving Iran could drive up global energy and transport costs.
Official customs data released on Saturday showed exports rose by 14.1 per cent year on year in dollar terms, accelerating sharply from growth of 2.5 per cent in March.
Imports remained strong, climbing 25.3 per cent in April, pointing to resilient domestic demand for raw materials and components. As a result, China’s trade surplus widened to 84.8 billion dollars, up from 51.1 billion dollars the previous month.
Economists said the figures suggest exporters benefited from a wave of front‑loaded overseas orders, as companies sought to stockpile goods and parts ahead of potential cost increases linked to instability in the Middle East.
Recent factory surveys showed new export orders reached their highest level in two years, highlighting the strength of demand in recent months. However, analysts cautioned that this momentum may not last.
Despite gross domestic product growth of 5 per cent in the first quarter, prolonged geopolitical tensions and higher energy prices could weaken global demand later in the year, adding pressure to China’s already subdued consumer spending.
Attention is also turning to diplomacy, with U.S. President Donald Trump expected to visit China next week for talks with President Xi Jinping.
The discussions are likely to centre on trade relations, as well as cooperation in agriculture and the aviation sector, at a time when global supply chains remain sensitive to political and economic shocks.
U.S. President Donald Trump says Washington is not seeking an extension of its memorandum of understanding with Iran, claiming the U.S. already controls the Strait of Hormuz through its naval blockade.
Iran has said the Strait of Hormuz will remain closed until the U.S. fulfils the terms of an interim deal, including lifting the maritime blockade and sanctions and releasing Iran’s frozen assets.
Shipping through the Strait of Hormuz has slowed, according to the latest data, as uncertainty over the waterway’s reopening kept most shipowners away. Six commodity vessels crossed the strait on Tuesday, down from nine the day before and below the 10-day daily average of 11.
Ukraine has targeted at least 20 Wildberries warehouses across Russia since 18 July, disrupting a major logistics network. Kyiv says the strikes aim to disrupt alleged military-linked supplies, while the attacks have caused billions of dollars in losses and wider economic pressure.
Russia said its air defences downed 180 drones over the Moscow region overnight, with 620 drones reportedly targeting the area, according to Moscow Mayor Sergei Sobyanin.
Azerbaijan exported goods worth $17.372 million to Armenia between January and July 2026, according to data from the State Customs Committee, as commercial ties between the two South Caucasus neighbours showed signs of expansion.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
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