Economies Falter

A de-escalating U.S.-Iran conflict is reducing global oil prices, but Korean consumers have yet to experience relief from the energy shock that rippled through Asian economies over the past months. Arirang News reports that while international oil markets responded immediately to peace prospects, domestic Korean...

A DW News analysis examines declining economic growth and political instability across Europe's largest economies—Germany, France, and the UK—as the G7 increasingly loses global influence to rising powers China and India. The analysis argues that Europe faces slow growth, rising debt, and political gridlock fueling...

Leaders of the G7 countries announced plans to reduce dependency on the Strait of Hormuz by diversifying energy supply routes and increasing energy stocks, according to a statement released by the group. Roughly 20% of global oil consumption and liquified natural gas currently passes through...