President Trump had set off a drastic market reaction on Monday by backing away from a threat to strike Iranian energy infrastructure.
Category: Iran
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Markets Rally as Trump’s Iran Deadline Is Deferred
Stock futures rose and oil prices fell after President Trump cited “very good and productive” talks with Iran over ending the war.
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Stocks Tumble as Oil Prices Rise
Investors braced for a fourth week of market turmoil caused by the war in the Middle East
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War in Iran Reveals Strait of Hormuz’s Weakness as an Oil Bottleneck
But at just 35 miles wide, it did. It’s just the latest evidence of how dependent the global economy is on a handful of choke points.
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Oil Falls and Stocks in Asia Hold Steady
Oil prices had been gyrating this week, after a new round of attacks on major energy facilities in Iran and Qatar raised concerns about energy supplies.
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Attacks on Energy Infrastructure Could Lead to Much Higher Prices
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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Iran’s South Pars Gas Field Is Attacked, Sending Energy Prices Soaring
The field is part of a vast gas reservoir shared by Iran and Qatar. The strike appeared to be one of the most significant attacks on an energy site since the U.S.-Israeli air war against Iran began.
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As War Chokes Natural Gas Supply, Asia Turns Back to Coal
Across Asia, a sharp drop in liquefied natural gas supplies is pushing major importers back toward coal, undermining L.N.G.’s long-held role as a stable energy anchor.