President Trump is getting little to no support so far for his call that other countries do their part to try to ease an energy crisis prompted by U.S.-Israeli attacks on Iran.
Category: Iran
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Why Trump’s Strait of Hormuz Problem Is Going Global
The New York Times – Business: -
Oil Tops $106 a Barrel as Worries Persist About Global Supplies
The New York Times – Business:As the broader war in the Middle East begins its third week, worries over the fallout of crippled energy supplies continue to roil markets.
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War in Iran Has Grounded Gulf Airlines Like Emirates
The New York Times – Business:Emirates, Qatar Airways and Etihad Airways have become some of the world’s largest and most profitable thanks to their location at the center of busy travel routes.
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Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem
The New York Times – Business:Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
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Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
The New York Times – Business:Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
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China’s Edge in an Oil Shock: Electric Cars and Renewables
The New York Times – Business:Beijing’s decades-long push to reduce its dependence on foreign oil with huge investments in clean energy sources like electric vehicles is now paying off.
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U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz
The New York Times – Business:Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.
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The War in Iran Is Driving Costs Up. Here Are Some Ways to Save.
The New York Times – Business:The widening war in the Mideast is making life more expensive. Experts shared some simple cost-cutting tips.
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What to Know About the U.S. Lasers Being Used to Counter Iranian Attacks
The New York Times – Business:High-energy lasers can burn drones in the sky like a blowtorch. But they can be stymied by weather, and making them at scale will be a challenge.
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Surging Energy Costs Put German Industry ‘Really in Danger’
The New York Times – Business:Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
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Oil Prices Barely Budge After Trump Lifts Russia Sanctions
The New York Times – Business:After surging about 10 percent on Thursday, oil prices had little reaction to the decision by President Trump to waive sanctions on the sale of some Russian crude.
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War in Iran Has India Scrambling to Keep Stoves Lit for Cooking
The New York Times – Business:India relies on huge quantities of cooking gas that is normally shipped from the Persian Gulf.