The Strait of Hormuz is Iran’s best leverage to get Washington to release Iran’s frozen assets, lift economic sanctions and end its naval blockade.
Category: Middle East
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The Fed Didn’t Raise Rates. The Bond Market Did.
The New York Times – Business:The market is saying risks are rising. That means hardship for home buyers and higher hurdles for A.I. data centers and the stock market. But it’s also a boon for retirees.
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New Round of Trump Threats and Pullbacks Raises Uncertainty in Mideast
The New York Times – On the Runway:Analysts and lawmakers are trying to divine whether Mr. Trump’s latest announcement means negotiations with Iran will truly get underway Monday or if the president is just working through unappealing options.
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Shipping Risks Rise Across Crucial Middle East Oil Routes
The New York Times – Business:Attacks on ships in the Strait of Hormuz and the Bab al-Mandab strait are disrupting the passage of oil tankers in the Persian Gulf and the Red Sea.
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How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock
The New York Times – Business:For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
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Lesson Learned From Iran War: Reduce Reliance on Strait of Hormuz
The New York Times – Business:Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.
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Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound
The New York Times – Business:More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes.
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Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth
The New York Times – Business:After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
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The War-Driven Supply Shock Already Roiling Manufacturing in Asia
The New York Times – Business:A shortage of naphtha, stemming from the blockade of the Strait of Hormuz, is disrupting manufacturing and retail goods in Japan and South Korea.
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An Uncertain World Awaits the Reopening of the Strait of Hormuz
The New York Times – Business:Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.
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Luxury Brands Bet on the Middle East. War Has Damaged Their Plans.
The New York Times – Business:High-end brands such as Louis Vuitton and Hermès are looking to other regions as sales in Persian Gulf nations plummet.
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China’s Electrostate Is Poised to Win From War in the Middle East
The New York Times – Business:A cluster of Chinese firms is poised to win big from the energy crisis set off by the war in the Middle East, building on booming investment in artificial intelligence.