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.
Category: Iran
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First Fully Loaded L.N.G. Tanker Since War Began Appears to Have Crossed the Strait
The New York Times – Business: -
Oil Prices Jump Again as U.S.-Iran Talks Appear Deadlocked
The New York Times – Business: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
The New York Times – Business: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.
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business:Investors wrestled with uncertainty about the cease-fire between the United States and Iran.
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Oil Prices Creep Up as Investors Weigh Cease-Fire Extension
The New York Times – Business:Oil prices stablized as investors scrambled to make sense of President Trump’s decision to extend the cease-fire with Iran
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Hoarding Is Driving Energy Prices Higher Everywhere
The New York Times – Business:As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.