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
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New Rules Hinder Foreign Firms From Moving Supply Chains From China
Multinationals in China are concerned that the regulations could allow authorities to penalize companies and executives for shifting supply chains away from the country.
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Iran Blockade Sets Up a Test of Which Side Can Endure More Pain
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.
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European Airports Warn of Jet Fuel Shortages if Strait of Hormuz Remains Shut
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.
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Middle East War Triggers Higher Prices in China
Three and a half years of deflationary pressure on Chinese factories reversed course last month as higher energy prices cycled into the economy.
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White House Secures Foreign Steel for Ballroom Project
ArcelorMittal, a European steel maker, is donating tens of millions of dollars of foreign steel for President Trump’s new ballroom.
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How China Built Its Vast Natural Gas Stockpile
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.
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‘Definitely a Sham’: As Tariffs Climb, Trade Fraud and Accounting Tricks Proliferate
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.
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Jamie Dimon Cites Risks From War, Private Credit, Inflation and More
In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, said investors and businesses faced a series of challenges.
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This Is Not China’s War, but Beijing Started Preparing for It Years Ago
Long concerned about geopolitical crises, China redoubled efforts to secure energy security when President Trump started raising the stakes in his first term.