A U.S. attack or a move to seize control of Iran’s main oil export hub could cripple the country’s ability to profit from its natural resources. But it would also risk sending energy prices even higher.
Category: Iran
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Iran’s Hormuz Stranglehold Upends Markets and Geopolitics
Energy prices continued to climb around the world as war in the Middle East intensifies. That has scrambled President Trump’s foreign policy strategy.
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After Pulling Back, Oil Prices Resume Their Rise
Shipping routes crucial to global commerce remained disrupted as the conflict in the Middle East continued.
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Why Trump’s Strait of Hormuz Problem Is Going Global
President Trump is getting little to no support so far for his call that other countries do their part to try to ease an energy crisis prompted by U.S.-Israeli attacks on Iran.
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Oil Tops $106 a Barrel as Worries Persist About Global Supplies
As the broader war in the Middle East begins its third week, worries over the fallout of crippled energy supplies continue to roil markets.
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War in Iran Has Grounded Gulf Airlines Like Emirates
Emirates, Qatar Airways and Etihad Airways have become some of the world’s largest and most profitable thanks to their location at the center of busy travel routes.
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Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem
Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
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Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
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China’s Edge in an Oil Shock: Electric Cars and Renewables
Beijing’s decades-long push to reduce its dependence on foreign oil with huge investments in clean energy sources like electric vehicles is now paying off.
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U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz
Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.
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The War in Iran Is Driving Costs Up. Here Are Some Ways to Save.
The widening war in the Mideast is making life more expensive. Experts shared some simple cost-cutting tips.