Attacks on ships around the Strait of Hormuz have continued as a war between Saudi Arabia and the Houthi militia intensified.
Category: Iran
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Oil Prices Jump on Outburst of Violence in the Middle East
The New York Times – Business: -
Burst of Attacks in Gulf Heightens Fears Over Fragile Energy Trade
The New York Times – Business:Strikes on tankers in the Strait of Hormuz and oil infrastructure in Saudi Arabia came as the region’s exporters were getting more oil to the world market.
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Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?
The New York Times – Business:Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.
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How Middle East Oil Exports Started Recovering
The New York Times – Business:Our business reporter Peter Eavis describes how oil exports from the Middle East have rebounded this month, getting closer to the levels seen before the Iran war.
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Tankers Are Loading Oil Again From a Vital Saudi Pipeline
The New York Times – Business:Saudi authorities had taken the pipeline offline this month after it was damaged in a drone attack by an Iranian-backed Iraqi militia.
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Mideast Oil Exports Rebound Even as Prices Remain Elevated
The New York Times – Business:More tankers are moving through the Strait of Hormuz as shippers gain confidence, but the global supply of oil is still below demand.
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Oil Prices Climb on Continued Impasse in U.S.-Iran Talks
The New York Times – Business:President Trump rejected Iran’s proposal over the weekend, calling it “unacceptable,” but Iran said it was still waiting for “definitive news” from Washington.
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Why a U.S. Diesel Export Ban May Not Lower Prices
The New York Times – Business:President Trump has said he is considering restricting overseas sales of the fuel to bring down domestic prices, but experts say the policy will have many unintended effects.
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Oil Prices Rise and Bond Markets Remain on Edge
The New York Times – Business:The rise came a day after a sharp sell-off in government debt.
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Trump Says He Supports Banning Diesel Exports to Bring Down Prices
The New York Times – Business:Diesel prices have been setting records because of the war in Iran, but the oil industry say banning U.S. exports would not make the fuel cheaper.
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As a New Oil Power, China Gains More Sway Over Energy Markets
The New York Times – Business: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.