Oil prices fell and stocks rose after President Trump’s about-face to pause the U.S. operation to escort commercial ships through the Strait of Hormuz
Category: Iran
-
Oil Falls and Stocks Gain as Trump Changes Course in Strait of Hormuz
The New York Times – Business: -
Maersk Ship Passed Strait of Hormuz Under U.S. Military Protection
The New York Times – Business:A U.S.-flagged ship operated by a Maersk subsidiary exited under American military guidance, part of President Trump’s effort to encourage ships to pass the Strait of Hormuz.
-
Oil Prices Slide but Remain Elevated as Middle East Tensions Escalate
The New York Times – Business:Oil prices fell, giving back some of the gains from the previous day as attacks in the Middle East raised concerns about the war starting again.
-
Oil Prices Fall While Stock Futures Inch Up
The New York Times – Business:Oil prices fell and futures on the S&P 500 rose slightly on Sunday as investors reacted to continued uncertainty about the war in Iran.
-
Oil Cools Slightly After a 4-Year High
The New York Times – Business:The price of Brent crude, the international benchmark, dipped more than 2 percent a day after it rose above $120 a barrel in volatile trading.
-
Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business:American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
-
Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes
The New York Times – Business:European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
-
Oil Prices Soar as Iran Standoff Shows No End in Sight
The New York Times – Business:Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran’s ports would persist.
-
U.S. Gas Prices Climb Further as Effects of War Reverberate
The New York Times – Business:The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.
-
Loss of Emirates Further Weakens OPEC’s Influence
The New York Times – Business:The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.