President Trump’s plan to bar ships from entering or leaving Iranian ports has put markets on edge and added to global economic uncertainty.
Category: Energy and Power
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Investors Brace for a New Hormuz Blockade Threat
The New York Times – Business: -
Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
The New York Times – Business:Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
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A New Oil Shock Accelerates Return to Nuclear Power
The New York Times – Business:Shocks to natural gas supplies are spurring countries in Asia and elsewhere to rethink their rejection of nuclear energy after the 2011 disaster in Fukushima, Japan.
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Republicans Seek Protections for Oil Giants Against Climate Lawsuits
The New York Times – Business:Utah passed a law to insulate oil companies against efforts to make them pay for their role in global warming. A nationwide version is in the works.
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Why Trump’s Iran Address Failed to Soothe Markets
The New York Times – Business:Oil surged and stocks sold off after the president delivered an unclear case for continuing the war in the Middle East.
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Markets Bet Big on a Quick End to the Iran War
The New York Times – Business:Global markets rallied as President Trump signaled that the United States may stop fighting soon. But big questions remain about lingering damage.
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Why the Iran War May Force Countries to Rely Less on Natural Gas
The New York Times – Business:The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
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Europe Heads for Another Energy Shock in a Vulnerable State
The New York Times – Business:The region’s stores of natural gas are running at the lowest level in years, and filling them up is increasingly daunting as the U.S.-led war in Iran pushes up prices.
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For Western Oil Companies, War in Iran Means Bigger Profits, and Risks
The New York Times – Business:American and European oil and gas companies are expected to earn a lot more as prices surge but are worried about the future.