Our business reporter Peter Eavis describes how oil exports from the Middle East have rebounded this month, getting closer to the levels seen before the Iran war.
Category: Middle East
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How Middle East Oil Exports Started Recovering
The New York Times – Business: -
U.S. Intelligence Warns of China Theft Over Sale of F-35 Jets to Saudis
The New York Times – On the Runway:Internal reports, including one from the Pentagon’s Defense Intelligence Agency, say China could acquire U.S. jet technology through spying or cooperation with Saudi Arabia.
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Why the Fed Might Raise Interest Rates When Borrowing Costs Are Surging
The New York Times – Business:Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.
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Houthis Say They Downed a Saudi Fighter Jet and Deny Targeting Mecca
The New York Times – On the Runway:The Iran-backed militia in Yemen made its claim hours after a Saudi-led military coalition accused it of firing a drone near the Muslim holy city.
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Pentagon Inspector General Details U.S. Losses and Challenges in Iran War
The New York Times – On the Runway:Helicopters for evacuating casualties were pulled from four countries, and hundreds of military facilities were destroyed, according to a new report.
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Gulf Tankers Are Running Out of Ways to Export Oil: ‘These Waters Aren’t Safe’
The New York Times – Business:Ship operators already faced severe risks in navigating the region, and now the danger is higher as Houthi militias assert control in the Red Sea.
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Oil Prices Surge as Fighting in Middle East Escalates
The New York Times – On the Runway:The cost of crude oil hit its highest levels in months, as investors worried about diminishing oil supplies after reports that the Iranian-backed Houthi militia had captured a port city in Yemen.
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Why Yemen Is Back on the Brink of War
The New York Times – On the Runway:The Houthi militia, the Yemeni government, Iran and Saudi Arabia all have reasons to escalate the conflict.
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Oil Hits $100 a Barrel as Turmoil Intensifies in Middle East
The New York Times – Business:The cost of crude has risen 40 percent since the start of the war in Iran, pushing up the price of gasoline, diesel and other refined fuels.
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Why Your Next Long-Haul Layover May Be in Seoul, Not Dubai
The New York Times – Travel:The Iran war has slashed transit traffic at Middle Eastern airports, creating opportunities for hubs in Asia and beyond — at least for now.