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The closure of the Strait of Hormuz due to the war in Iran disrupted the upward trajectory of Brazilian exports to Persian Gulf countries, important markets for Brazilian mineral and agribusiness products. According to data from the ComexStat platform, from Mdic (Ministry of Development, Industry, Trade and Services) and the Arab-Brazilian Chamber of Commerce (CCAB), sales to Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman fell 31.47% in March compared to the previous year, to $537.11 million. Even with the drop in sales, March's accounts closed with a surplus of $41.4 million, despite the 113% increase in imports during the most critical month of the conflict. In the first quarter from January to March, exports performed positively with an 8.14% increase to $2.41 billion. With imports in the first quarter totaling $1.4 billion, Brazil ended up with a positive balance of $1 billion for the period. So far, the increase in the sale of some products has been ...

Business FILE PHOTO: An ethanol plant with its giant corn silos next to a cornfield in Windsor, Colorado July 7, 2006/File Photo LONDON, April 21 : Soaring oil prices in the wake of the U.S.-Israeli war on Iran are driving renewed demand for biofuels as the need to tackle a fossil fuel shortage outweighs concerns that using crops for fuel will drive up food prices. The conflict has disrupted about 20 per cent of the world's oil and gas supplies, which typically pass through the Strait of Hormuz in the Middle East Gulf. Crude prices are up more than 30 per cent since late February, before the war started. In contrast, prices for corn, a key biofuel ingredient, have risen just 5 per cent. Biofuels, made from any organic feedstock, are usually blended into gasoline or used to replace diesel. They become more economical when fossil fuel prices rise. They can also help keep prices down at the pump and reduce dependency on costly crude oil and fuel imports. Countries in Asia, heavily ...

World At least three ships sailing from Iranian ports crossed the Strait of Hormuz despite a US military blockade, but some vessels taking the route later turned back, maritime tracking data indicated on Tuesday (Apr 14). A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province, April 12, 2026. (Photo: REUTERS) PARIS: At least three ships sailing from Iranian ports crossed the Strait of Hormuz despite a US military blockade , but some vessels taking the route later turned back, maritime tracking data indicated on Tuesday (Apr 14). They were among at least seven Iran-linked vessels that passed through the strait after Washington's blockade came into effect at 1400 GMT (8pm, Singapore time) on Monday, according to maritime data provider Kpler. The Liberia-flagged bulk carrier Christianna crossed the strait after unloading 74,000 tonnes of corn at the Iranian port of Bandar Imam Khomeini in the Gulf, passing Iran's Larak Island in the strait around 1600 GMT on ...