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: Iran
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The New York Times – Business: -
Oil Prices Climb as Cease-Fire Uncertainty Deepens
The New York Times – Business:Investors wrestled with uncertainty about the cease-fire between the United States and Iran.
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Oil Prices Creep Up as Investors Weigh Cease-Fire Extension
The New York Times – Business:Oil prices stablized as investors scrambled to make sense of President Trump’s decision to extend the cease-fire with Iran
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Hoarding Is Driving Energy Prices Higher Everywhere
The New York Times – Business: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 New York Times – Business: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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Oil Prices Recede and Stocks Gain as Investors Eye Peace Talks
The New York Times – Business:Oil prices pulled back and stocks inched higher as investors looked to the possibility of a second round of peace talks between the United States and Iran.
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The Peace Rally Gets Derailed
The New York Times – Business:Oil prices are climbing and global stocks are falling as investors worry about the prospects for a speedy end to the war in the Middle East.
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Oil Prices Jumped and Stock Futures Fell on Renewed Iran Conflict
The New York Times – Business:Traders, hopeful on Friday that a peace deal was near, were digesting the developments over the weekend.
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Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
The New York Times – Business: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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Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran Say
The New York Times – Business:Friday’s statements raised investors’ hopes that oil and gas would start moving out of the Persian Gulf in significant volumes again.
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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
The New York Times – Business:But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.