The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.
Category: Iran
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As a New Oil Power, China Gains More Sway Over Energy Markets
The New York Times – Business: -
Global Economy Is Running Out of Wiggle Room
The New York Times – Business:Many countries blunted the most painful effects of the energy shock from the war in Iran. But prices remain elevated and risks are multiplying.
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Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks
The New York Times – Business:Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
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House Directs Trump to Halt War With Iran or Secure Congress’s Approval
The New York Times – On the Runway:It was the fifth time that a chamber of the Republican-controlled Congress has voted to rein in President Trump’s war powers as discontent with the conflict grows among voters.
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Pentagon Inspector General Details U.S. Losses and Challenges in Iran War
The New York Times – On the Runway:Helicopters for evacuating casualties were pulled from four countries, and hundreds of military facilities were destroyed, according to a new report.
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Rising Fuel Prices Set Off Anger and Protests Around the World
The New York Times – On the Runway:From Indonesia to Guatemala to Syria, shortages and price increases are leading to protests and blackouts.
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Key U.S. Bond Rate Near 20-Year High as Oil Prices Keep Climbing
The New York Times – Business:The 10-year Treasury yield breached levels last seen in 2007, with intensifying worries about energy-driven inflation contributing to bond investors’ angst.
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What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
The New York Times – Business:President Trump recently blamed Ukrainian attacks on Russian refineries for causing a spike in diesel prices, but analysts say the Iran war is probably a bigger factor.
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Oil Prices Jump on Energy Supply Worries
The New York Times – Business:Traders sold oil futures on concerns that energy supplies from the Persian Gulf would be further diminished by a drone attack on a critical pipeline in Saudi Arabia.
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Oil Prices Jump on Energy Supply Worries
The New York Times – Business:Oil prices jumped and stock futures fell slightly on concerns that energy supplies from the Persian Gulf would be further diminished by a drone attack on a critical pipeline in Saudi Arabia.
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Gulf Tankers Are Running Out of Ways to Export Oil: ‘These Waters Aren’t Safe’
The New York Times – Business:Ship operators already faced severe risks in navigating the region, and now the danger is higher as Houthi militias assert control in the Red Sea.
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At BRICS Summit, China and India Vie for Influence
The New York Times – On the Runway:China sees the BRICS group as a vehicle for challenging American power. India wants to keep the group broad enough to avoid choosing sides.