Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
Category: International Trade and World Market
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Extended Mideast Conflict Would Slow Trade and Growth, W.T.O. Warns
The New York Times – Business:The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists.
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Extended Mideast Conflict Would Slow Trade and Growth, W.T.O. Warns
The New York Times – Business:The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists.
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The Cost of the A.I. Boom: A Trade Deficit the President Detests
The New York Times – Business:A recent surge of A.I.-related imports has become an impediment to the smaller trade deficit President Trump wants.
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The Cost of the A.I. Boom: A Trade Deficit the President Detests
The New York Times – Business:A recent surge of A.I.-related imports has become an impediment to the smaller trade deficit President Trump wants.
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As War Chokes Natural Gas Supply, Asia Turns Back to Coal
The New York Times – Business:Across Asia, a sharp drop in liquefied natural gas supplies is pushing major importers back toward coal, undermining L.N.G.’s long-held role as a stable energy anchor.
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Kharg Island Is an Appealing Target for Trump, With High Risks
The New York Times – Business:A U.S. attack or a move to seize control of Iran’s main oil export hub could cripple the country’s ability to profit from its natural resources. But it would also risk sending energy prices even higher.
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War in Iran Has Grounded Gulf Airlines Like Emirates
The New York Times – Business:Emirates, Qatar Airways and Etihad Airways have become some of the world’s largest and most profitable thanks to their location at the center of busy travel routes.
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Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem
The New York Times – Business:Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
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China’s Edge in an Oil Shock: Electric Cars and Renewables
The New York Times – Business:Beijing’s decades-long push to reduce its dependence on foreign oil with huge investments in clean energy sources like electric vehicles is now paying off.
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U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz
The New York Times – Business:Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.