The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
Category: Iran
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Oil Prices Recede and Stocks Gain as Investors Eye Peace Talks
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
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
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
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
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
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
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Pentagon Seeks Help From Ford and G.M.
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
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
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
Oil prices stabilized and stocks rose on optimism that diplomatic talks could yield a permanent peace deal.
