Oil prices surged as markets reopened on Sunday following news that U.S. peace talks with Iran had ended without a deal.
Category: Iran
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European Airports Warn of Jet Fuel Shortages if Strait of Hormuz Remains Shut
An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
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Oil Ticks Higher and Stocks Rise Ahead of U.S. Inflation Report
A temporary cease-fire in the war on Iran faces multiple hurdles and investors are watching the release of U.S. government data on inflation.
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I.M.F. Says Iran War Will Drag Global Growth Lower
Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
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Oil Prices Edge Higher as Confidence in Cease-Fire Wavers
Investors were in a more sober mood after sharp moves on the previous day.
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Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
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After Iran Cease-Fire, Ship Traffic in Strait of Hormuz Remains Throttled
A handful of vessels have crossed the crucial waterway since the U.S.-Iran truce began, but shipowners, insurers and others are wary of safe passage.
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Oil Prices Plunge and Stocks Surge After Cease-Fire Deal
Markets reacted positively after the United States and Iran reached a last-minute cease-fire agreement.