Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
Category: Middle East
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Japan and Germany Say They Will Release Oil
The New York Times – Business: -
Aluminium, Helium and Sulfur: The Iran War Is Affecting More Than Oil
The New York Times – Business:Prices of some commodities are already rising, while stockpiles of others could dwindle as the war drags on.
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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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Oil Remains Potent Geopolitical Tool, Decades After Energy Crisis
The New York Times – Business:The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas.
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For China, Billions of Dollars Are at Risk From a Widening War
The New York Times – Business:The country found a home in the Middle East for its investments and growing markets for steel, electric vehicles and solar panels. Those are now at stake.
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Airline Stocks Tumble as Iran War Expands Across Middle East
The New York Times – Business:Higher fuel prices and lower demand for international flights are eating into airlines’ profits.
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What Would It Cost to Rebuild Gaza?
A fragile cease-fire between Israel and Hamas is stoking hopes for a surge in investment in the region, and the Middle East more broadly.
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As Witkoff Pitched Mideast Peace, His Son Pitched Mideast Investors
Steve Witkoff’s son recently sought money from Gulf states including Qatar, which has previously invested in Witkoff family projects to win favor with President Trump.
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Football Is Coming to Saudi Arabia, Where Soccer Is King
Saudi Arabia will host a flag football tournament featuring N.F.L. stars in the spring, in a mutually beneficial sports expansion.
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The First Income Tax in the Persian Gulf Signals a Changing Economic Reality
A plan by Oman is being closely watched by other governments in the region that are preparing for a future beyond oil.
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From Iran-Israel Strikes to Russia’s War: How Conflicts Reshape Air Travel
Whether caused by a long war or brief skirmish, the closing of skies to air travel is having big effects on cost, convenience and safety.
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White House Faces Risk of Economic Fallout From Iran Strike
President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. “KEEP OIL PRICES DOWN.”