But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
Category: Iran
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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
The New York Times – Business: -
Pentagon Seeks Help From Ford and G.M.
The New York Times – Business:Concerned about the slow pace and high cost of weapons production, Pentagon officials have begun talks with General Motors and Ford Motor about producing certain parts.
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Despite Cease-Fire, Iran’s Hackers Haven’t Logged Off
The New York Times – Business:Tehran’s digital warriors have continued to seek ways to gain an advantage in the conflict in a new phase of cyberspace operations.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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Stocks Extend Rally and Oil Prices Stabilize as Investor Optimism Grows
The New York Times – Business:Oil prices stabilized and stocks rose on optimism that diplomatic talks could yield a permanent peace deal.
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What’s Driving the Wartime Stock Rebound
The New York Times – Business:The S&P 500 has recouped all its losses since the Middle East war started on Feb. 28, as a bullish “vibe shift” takes hold among some investors.
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Oil Prices Slip and Stocks Gain as Investors Eye Possible Path to Peace
The New York Times – Business:Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
The New York Times – Business:Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
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Shipping Companies Remain Reluctant to Sail Through Strait of Hormuz
The New York Times – Business:The United States said it has started to block vessels doing business with Iran from the strait. Details on how that would work are unclear.