Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
Category: Iran
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Fallout From Iran War and Oil Shock Deliver Another Blow to World Economy
The New York Times – Business: -
War With Iran Puts Further Strain on America’s Pessimistic Farmers
The New York Times – Business:Nearly 75 percent of farmers surveyed before the war said the crop sector was in a recession. They face bigger hurdles this planting season.
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Iran War Causing Largest Ever Oil Disruption, I.E.A. Says
The New York Times – Business:Conflict is forcing producers to slash production and close ports as Iran steps up attacks on energy infrastructure.
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Why Oil Prices Surged Even After the Release of Strategic Reserves
The New York Times – Business:Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.
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Pentagon Bars Photographers From Briefings on Iran War
The New York Times – Business:The decision is the latest move by the Pentagon to restrict access inside the department for journalists.
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Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The New York Times – Business:The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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How the Iran War Could Hit Americans’ Wallets
The New York Times – Business:Gas prices are rising, with the cost of food likely to follow. If the conflict drags on, the fallout for consumers could worsen, experts warned.
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Trump’s Actions in Iran and Venezuela Show Limits of U.S. Sanctions
The New York Times – Business:America’s vast economic powers are able to wear down an adversary’s economy but are insufficient to topple leaders on their own.
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Japan and Germany Say They Will Release Oil
The New York Times – Business:Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
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How Trump and His Advisers Miscalculated Iran’s Response to War
The New York Times – Business:In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.
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Rising Fuel Costs Pressure Airlines and Truckers
The New York Times – Business:The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
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Businesses Ask the TACO Question About Iran
The New York Times – Business:Whether President Trump signaled that he may soon end the military strikes is weighing on the minds of investors, executives and others.