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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As U.S. Brands Stumble, China Wins Over Young Indonesians
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
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 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 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 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
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
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
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 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 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.