Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran’s ports would persist.
Category: Iran
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U.S. Gas Prices Climb Further as Effects of War Reverberate
The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.
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Loss of Emirates Further Weakens OPEC’s Influence
The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.
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First Fully Loaded L.N.G. Tanker Since War Began Appears to Have Crossed the Strait
Liquefied natural gas transit has been effectively halted. A ship managed by Abu Dhabi’s state oil company managed to cross, said Kpler, a maritime data firm.
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Oil Prices Jump Again as U.S.-Iran Talks Appear Deadlocked
Investors parsed reports that President Trump told advisers that he was not satisfied with Iran’s latest proposal to reopen the Strait of Hormuz.
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The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
Even the largest global supplier of liquefied natural gas can’t make up for the shortfall since the war in Iran cut off an important source.
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The U.S. Started the War. The Rest of the World Is Feeling the Effects.
In just eight weeks, much of the global economy has been knocked sideways. America has mostly been spared from the tumult.
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Muted Reaction as Oil and Stock Markets Reopen
Oil prices rose and stocks fell after President Trump called off a trip to Pakistan by two U.S. negotiators for peace talks with Iran.
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The Peril of Piloting Ships Through the Strait of Hormuz
Controllers for shipping companies face a daunting decision as they try to free vessels trapped in the Persian Gulf: “Basically you’re sending someone unarmed into war.”
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
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Oil Prices Climb as Cease-Fire Uncertainty Deepens
Investors wrestled with uncertainty about the cease-fire between the United States and Iran.