Finance News

Global Energy Crisis: Oil Prices Surge as Strait of Hormuz Tension Escalates

The global energy market is currently facing one of its most significant challenges in decades. As of May 11, 2026, international oil benchmarks have seen a sharp upward trajectory following the effective closure of the Strait of Hormuz, a critical maritime corridor that handles approximately 20% of the world’s total petroleum liquids consumption. Market Reaction: […]

Finance

Myanmar Increases Tariffs on Several Commodities (Effective May 2026)

Introduction Effective May 1, 2026, Myanmar has implemented new tariff rates for various commodities. The Ministry of Finance and Revenue issued Notification 49/2026 on March 30, 2026, increasing the tariff rates for a wide range of goods. This article will discuss in detail how these changes might impact the domestic economy and consumers. Details of […]