Fortune

David McHugh

Stay informed with David McHugh’s coverage and analysis.

Motorbikes drive past a billboard with graphic showing the late Iranian Supreme Leader Ayatollah Ali Khamenei

Iran is setting up an agency to tax ships passing through Hormuz even as it negotiates a peace deal

By Adam Schreck, David McHugh, Russ Bynum and The Associated PressMay 7, 2026

A boat in the strait of hormuz.

Cargo ship crews face attacks waiting the Gulf as Trump pauses two-day-old project to ‘guide’ ships

By Mae Anderson, David McHugh and The Associated PressMay 6, 2026

Mine warfare and mind games: ‘You just have to make people believe that you’ve laid mines’

Mine warfare and mind games: ‘You just have to make people believe that you’ve laid mines’

By Ben Finley, Konstantin Toropin, David McHugh and The Associated PressApril 25, 2026

strait

First, Iran and Hormuz, second, China and Taiwan? The dangerous implications of a tollbooth on the open sea

By David McHugh, John Leicester and The Associated PressApril 9, 2026

hormuz

Trump’s big accomplishment in Iran is ‘de facto ‘toll booth’ regime’ in the Strait of Hormuz, shipping analyst says

By David McHugh, Jon Gambrell and The Associated PressMarch 27, 2026

trader

Oil approaches $115 per barrel as market realizes higher for longer is very possible

By Elaine Kurtenbach, David McHugh and The Associated PressMarch 19, 2026

U.S. lifts sanctions on Russian oil already loaded onto tankers, equal to 5-6 days’ worth of normal shipments through the Strait of Hormuz

U.S. lifts sanctions on Russian oil already loaded onto tankers, equal to 5-6 days’ worth of normal shipments through the Strait of Hormuz

By David McHugh and The Associated PressMarch 14, 2026

oil

Oil prices spike above $70 per barrel as Iran’s Straight of Hormuz grows tangled

By David McHugh and The Associated PressMarch 2, 2026

georgieva

IMF chief sees global GDP growth as ‘beautiful but not enough’ to handle ‘the debt that is hanging around our necks’

By David McHugh, Jamey Keaten and The Associated PressJanuary 23, 2026

Nobel

Economist awarded Nobel prize before his morning coffee or walking his dog: ‘I had no clue that anything like this was going to happen’

By Kostya Manenkov, Christopher Rugaber, Mike Corder, David McHugh and The Associated PressOctober 13, 2025

Bernd Lange

‘I guess there will be some amendments’: EU trade negotiator is having second thoughts about deal with Trump

By David McHugh and The Associated PressSeptember 5, 2025

Heterosexual couple toasting wineglasses at winery on weekend.

Trump may want you to pay a high tariff for that French wine you enjoy so much. He just left the category blank in his deal sheet with the EU

By Sam McNeil, David McHugh, Fatima Hussein and The Associated PressAugust 21, 2025

Ursula von der Leyen

Europe’s economy barely grew in the second quarter

By David McHugh and The Associated PressJuly 30, 2025

EU awaits decision today on Trump’s potential punishing tariffs threatening ‘the most important commercial relationship in the world’

EU awaits decision today on Trump’s potential punishing tariffs threatening ‘the most important commercial relationship in the world’

By David McHugh and The Associated PressJuly 7, 2025

European Central Bank head sees more volatile inflation as global uncertainty grows: ‘It’s pretty basic but that’s the reality’

European Central Bank head sees more volatile inflation as global uncertainty grows: ‘It’s pretty basic but that’s the reality’

By David McHugh and The Associated PressJuly 1, 2025

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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By Sydney LakeJune 25, 2026

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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By Preston ForeJune 27, 2026

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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By Sydney LakeJune 29, 2026