The price of oil had spiked to nearly $120 a barrel on Monday, drawing remarks by President Trump that he believed the war on Iran was “very complete.”
Category: International Trade and World Market
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Stocks Tank in Asia as Oil Price Surges
Asian markets tumbled on Monday as Middle East tensions and spiking oil prices sparked a mass exit from the region’s previously booming stocks.
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War-Induced Inflation Spike Looms Over Europe’s Economic Recovery
For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
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Trump’s ‘Whatever It Takes’ Rattles Global Markets
President Trump has signaled that he is open to the idea of a prolonged military conflict with Iran. Investors are spooked by that scenario.
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Ford and G.M. Face a Dilemma as China Excels in Electric Vehicles
General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
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Global Economy Is Facing the Prospect of Another Profound Shock
A protracted conflict in the Middle East risks a spike in energy prices and broader inflation.
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What Rising Oil Prices Could Mean for Drivers in the U.S.
A prolonged conflict in the Middle East could cause a spike at American gas pumps, as the busy driving season approaches.
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Natural Gas Prices Surge After Attacks Hit Facilities in Qatar
Qatar said it had halted production of liquefied natural gas, forcing buyers to compete for supplies elsewhere.
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The Unexpected Winners From Trump’s New Global Tariff
The president’s flat 10 percent tariff is most beneficial to nations that previously faced the highest rates. But it’s not clear how much that will prompt a new surge in imports.
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Beyond a Trade War, China, Japan and Others in Asia Face a New Energy Threat
China and its neighbors scrambled to soften the blow of a disorderly trade war. Conflict in the Middle East now threatens to disrupt the oil imports that power their economies.
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Trump Signals Opposition to Tariff Refunds, Hinting at Legal War to Come
One week after the Supreme Court invalidated President Trump’s tariffs, he suggested that his administration could try to relitigate a case that was decided 6 to 3.
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E.U. Pushes Ahead With South American Trade Deal Despite Legal Challenge
The provisional application of the agreement with Brazil, Argentina, Paraguay and Uruguay is intended to diversify Europe’s trading relationships.