Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
Category: International Trade and World Market
-
Trump’s Latest Oil Blockade Brings Bigger Economic Risks
The New York Times – Business: -
New Rules Hinder Foreign Firms From Moving Supply Chains From China
The New York Times – Business:Multinationals in China are concerned that the regulations could allow authorities to penalize companies and executives for shifting supply chains away from the country.
-
Iran Blockade Sets Up a Test of Which Side Can Endure More Pain
The New York Times – Business:President Trump is trying to choke off the country’s lifeline with a blockade of the Strait of Hormuz. But the Iranians are betting that his tolerance for political pain is limited.
-
European Airports Warn of Jet Fuel Shortages if Strait of Hormuz Remains Shut
The New York Times – Business:An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
-
Middle East War Triggers Higher Prices in China
The New York Times – Business:Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the economy.
-
White House Secures Foreign Steel for Ballroom Project
The New York Times – Business:ArcelorMittal, a European steel maker, is donating tens of millions of dollars of foreign steel for President Trump’s new ballroom.
-
How China Built Its Vast Natural Gas Stockpile
The New York Times – Business:Natural gas is hard to store, but China has found a way to do it, while also developing alternate suppliers and expanding production at home.
-
‘Definitely a Sham’: As Tariffs Climb, Trade Fraud and Accounting Tricks Proliferate
The New York Times – Business:U.S. imports from China have shrunk drastically. But billions of dollars of the change appear to be the result of accounting gimmicks and outright fraud.
-
Jamie Dimon Cites Risks From War, Private Credit, Inflation and More
The New York Times – Business:In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, said investors and businesses faced a series of challenges.
-
This Is Not China’s War, but Beijing Started Preparing for It Years Ago
The New York Times – Business:Long concerned about geopolitical crises, China redoubled efforts to secure energy security when President Trump started raising the stakes in his first term.