Four days of attacks by both countries forced a sharp decline in the number of vessels navigating through the Strait of Hormuz.
Category: Iran
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Ships Pull Back Amid Heightened Risk From Iran-U.S. Strikes
The New York Times – Business: -
Oil Prices Rise on Possible Deal to Suspend Attacks in Gulf
The New York Times – Business:Oil prices edged higher after an American official said the U.S. and Iran had agreed to halt attacks in a key shipping lane, raising hopes that hostilities would not escalate.
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Oil Markets Edge Higher After Days of Attacks in Persian Gulf
The New York Times – Business:Oil prices inched up on Sunday evening, while the S&P 500 futures market was little changed.
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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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Stocks in Asia Tumble as A.I. Uncertainty Jolts Tech Shares
The New York Times – Business:Stock markets across Asia tumbled, as investors continue to wrestle with whether the boom in artificial intelligence spending is overdone or just beginning.
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Movement Through Strait of Hormuz Is Halted After Attack on Cargo Ship
The New York Times – Business:The strike on a vessel near the coast of Oman prompted a U.N. agency to pause an evacuation of ships from the Persian Gulf.
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Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
The New York Times – Business:Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
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Oil Prices Fall Toward Prewar Levels as Gulf Shipping Resumes
The New York Times – Business:Oil prices fell, moving closer to levels not seen since the war in Iran began in February.
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Asia Tech Shares Swing Wildly as A.I. Jitters Persist
The New York Times – Business:The turbulence in Asia’s chip-dominated stock markets highlighted how heavily global equities have come to depend on enthusiasm for artificial intelligence.
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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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Markets Recoil in Global Sell-Off Driven by Tech Stocks
The New York Times – Business:Chipmakers led the way down in South Korea, where the main index crashed 10 percent. Stocks in Europe were lower and S&P 500 futures pointed to a sharp fall.