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US trade deficit widens in March as AI driven imports surge

US trade deficit widens in March as AI driven imports surge

America’s trade deficit edged up in March as imports climbed on the back of fresh AI investments and stronger demand for automotive products. At the same time, US exports of crude oil and petroleum derivatives rose. The shift follows a recent Supreme Court decision tied to tariffs, adding uncertainty to how trade flows could change next.

Summarised by Beize from a story on The Economic Times on 5 May 2026
Ukrainian drones strike Russia’s Primorsk port as dozens are shot down

Ukrainian drones strike Russia’s Primorsk port as dozens are shot down

Ukrainian drones reportedly hit Russia’s Primorsk port, a key oil-export outlet in the northwest region. Regional governor Alexander Drozdenko said over 60 drones were shot down overnight. He added that the resulting fire was extinguished quickly and that there was no oil spill, despite the attack targeting vital port infrastructure.

Summarised by Beize from a story on The Economic Times on 3 May 2026

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Iran cuts oil output as Strait of Hormuz restrictions choke exports and storage fills

Iran cuts oil output as Strait of Hormuz restrictions choke exports and storage fills

Tightened US naval curbs in the Strait of Hormuz have sharply reduced Iran’s oil exports, leaving the country with shrinking routes and surging inventories. Iran is responding by cutting production in a controlled manner and leaning on floating storage to keep barrels moving, drawing on years of experience managing sanctions and supply disruptions.

Summarised by Beize from a story on The Economic Times on 2 May 2026
Venezuela oil exports surge 14 percent to seven year high after US deal and sanctions easing

Venezuela oil exports surge 14 percent to seven year high after US deal and sanctions easing

Venezuela’s oil exports jumped 14% in April to 1.23 million barrels per day, the highest level in more than seven years. The rise was driven by stronger sales to the US, India, and Europe after a US–Venezuela supply arrangement and eased sanctions. Output improved and inventories were cleared, lifting shipments across multiple markets.

Summarised by Beize from a story on The Economic Times on 1 May 2026
Iran vows to defend nuclear and missile arsenal as US squeezes oil exports

Iran vows to defend nuclear and missile arsenal as US squeezes oil exports

Iran’s Supreme Leader Mojtaba Khamenei vowed to protect the country’s nuclear and missile programmes, framing U.S. pressure as part of a wider attempt to curb Iran amid an uneasy ceasefire. As a U.S. blockade tightens the squeeze on Iranian oil exports, Tehran keeps the Strait of Hormuz shut, heightening fears of escalation in the Persian Gulf.

Summarised by Beize from a story on Republic on 1 May 2026
Iran’s economy is breaking under strikes and blockade while leaders bet on Trump blinking first

Iran’s economy is breaking under strikes and blockade while leaders bet on Trump blinking first

Iran’s economy is being hammered by U.S. and Israeli strikes that shut factories, trigger job losses, and drive up prices for essentials. A U.S. blockade is also restricting imports and squeezing oil exports. In response, Iran is threatening the Strait of Hormuz, a crucial energy chokepoint—testing how far self-reliance can stretch as the economic pain worsens.

Summarised by Beize from a story on The Economic Times on 28 Apr 2026

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Iran Ships 10.7 Million Barrels Through Strait Despite US Blockade as Vortexa Tracks Tankers

Iran Ships 10.7 Million Barrels Through Strait Despite US Blockade as Vortexa Tracks Tankers

Iranian crude exports kept moving through the Strait of Hormuz, with about 10.7 million barrels recorded as transiting and leaving the US Navy’s blockaded area between April 13 and April 21, according to Vortexa. The shipments involved six crude carriers, underscoring continued export flows despite US efforts to disrupt them.

Summarised by Beize from a story on Republic on 24 Apr 2026
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