Many countries blunted the most painful effects of the energy shock from the war in Iran. But prices remain elevated and risks are multiplying.
Category: Far East, South and Southeast Asia and Pacific Areas
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Global Economy Is Running Out of Wiggle Room
The New York Times – Business: -
The Iran War Is Pushing Global Coal Use to Record Highs
The New York Times – On the Runway:Five years after virtually every world leader agreed to “phase down” the burning of coal for climate reasons, the fuel is more widely used than ever.
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In Nepal and Tibet, Pollution on Glaciers Could Fuel More Flood Disasters
The New York Times – On the Runway:Darkened by soot from vehicles and factories, the region’s glaciers are absorbing more heat and melting at dangerous rates.
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Why Your Next Long-Haul Layover May Be in Seoul, Not Dubai
The New York Times – Travel:The Iran war has slashed transit traffic at Middle Eastern airports, creating opportunities for hubs in Asia and beyond — at least for now.
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Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth
The New York Times – Business:After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
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The War-Driven Supply Shock Already Roiling Manufacturing in Asia
The New York Times – Business:A shortage of naphtha, stemming from the blockade of the Strait of Hormuz, is disrupting manufacturing and retail goods in Japan and South Korea.
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Fuel Prices Drive Sales of E.V.s, Just Not in the U.S.
The New York Times – Business:Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant.
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These Countries Embrace E.V.s to Avoid Oil Price Shocks
The New York Times – Business:People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.
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The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
The New York Times – Business:Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The New York Times – Business:The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
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Japan Pledges $10 Billion to Help Countries Cope With Oil Prices
The New York Times – Business:With supply chains at risk, the aid to Southeast Asian nations is aimed at securing the availability of oil-based products, including medical equipment.
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business:The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.