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.
Category: International Trade and World Market
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The New York Times – Business: -
As U.S. Brands Stumble, China Wins Over Young Indonesians
The New York Times – Business:A new generation of Indonesian consumers view Chinese brands as high-tech and of good quality, a departure from the days when “made in China” was associated with cheap goods.
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Hoarding Is Driving Energy Prices Higher Everywhere
The New York Times – Business:As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
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Trump Administration Takes Steps to Refund $166 Billion in Tariffs
The New York Times – Business:The government debuted a system to repay importers two months after the Supreme Court struck down tariffs at the heart of the president’s trade policy.
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Trump Administration to Begin Refunding $166 Billion in Tariffs
The New York Times – Business:The government will debut a system to repay importers two months after the Supreme Court struck down tariffs at the heart of the president’s trade policy.
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Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
The New York Times – Business:Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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China’s G.D.P. Stronger Than Expected, Led by Infrastructure Spending
The New York Times – Business:A steep slide in housing prices has left consumers less prosperous and less willing to spend, but the government is pouring money into new rail lines and other projects.
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Middle East War Will Slow Global Economic Growth, I.M.F. Warns
The New York Times – Business:The conflict could also fuel another bout of inflation, according to the International Monetary Fund.
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What’s Driving the Wartime Stock Rebound
The New York Times – Business:The S&P 500 has recouped all its losses since the Middle East war started on Feb. 28, as a bullish “vibe shift” takes hold among some investors.