The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.
Category: International Trade and World Market
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Oil Prices Return to Prewar Levels After Four Months
The New York Times – Business: -
How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock
The New York Times – Business:For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
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A.I. Riches Fuel Economic Divide in Asia’s Chip Powerhouses
The New York Times – Business:A.I. demand is driving stock market gains and booming exports in South Korea and Taiwan. But the rest of the economy is being left behind.
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The Iran War’s Persistent Threat to Farmers in Poor Countries
The New York Times – Business:A reopening of the Strait of Hormuz would do little to swiftly ease the pain inflicted by higher prices for fertilizer, food and fuel in Ivory Coast.
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Brexit Has Cost the UK Growth, Analysts Say, in the Decade Since the Vote
The New York Times – Business:Citing lower trade and investment, analysts broadly agree that Britain’s economy is smaller than it would have been if the country had stayed in the E.U.
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Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound
The New York Times – Business:More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes.
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Congress Is Anxious as U.S.-Canada-Mexico Trade Talks Intensify
The New York Times – Business:With midterms approaching and negotiations heating up, some lawmakers are apprehensive over where the discussions are headed.
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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.