Japan's crude oil imports fell 47% between March and May 2026 due to the Strait of Hormuz crisis, forcing a massive diversification pivot toward U.S. energy supplies, according to Nikkei Asia.
U.S. credit card debt has hit $1.25 trillion, with delinquencies reaching their highest level since 2008 as inflation forces households into survival debt for daily essentials.
Finance Minister Amir Khasru Mahmud Chowdhury confirmed Bangladesh will exit its current IMF deal to negotiate a fresh $3-year, $5 billion loan package aligned with public interest.
U.S. Secretary of State Marco Rubio told The New York Times that Washington may accept a phased nuclear deal with Iran if the strategic Strait of Hormuz is immediately reopened to shipping.
India is moving to increase crude oil imports from the U.S. and Russia amid severe supply disruptions in the Strait of Hormuz, as U.S. Secretary of State Marco Rubio arrives in New Delhi.
