Republicans and Democrats alike have criticized the Trump administration’s moves, taken to stabilize oil markets rocked by the war with Iran, warning that it is benefiting two U.S. adversaries.
Category: Middle East
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What Happened After a U.S. Warship Hit an Iranian Mine in 1988
The New York Times – Business:President Trump has suggested providing escorts for stranded tankers. A mine strike on a U.S. frigate in the Persian Gulf shows the perils of doing so.
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War in Iran Is Disrupting Air Travel, Hitting Middle East Hardest
The New York Times – Business:Some airlines and travelers, especially in the Middle East and elsewhere in Asia, are bearing the brunt of the pain, while others are doing better.
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As War Disrupts the Gulf, India’s Growth Story Faces New Risks
The New York Times – Business:Generations of Indian workers and businesses have turned the Arab side of the Gulf into a vital appendage of their own country.
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How the Iran War Narrowed Flight Corridors Between Europe and Asia
The New York Times – Business:One of the few paths left between the two continents threads through Azerbaijan, Georgia and Turkey, as global conflicts complicate aviation logistics.
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Democrats Demand Answers on Jared Kushner’s Mideast Business Dealings
The New York Times – Business:Two prominent lawmakers wrote to the White House and Mr. Kushner after The New York Times revealed private fund-raising efforts by President Trump’s envoy in the region.
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In Dubai, the World’s Luxury Brands Face a Wartime Crisis
The New York Times – Business:Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry.
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In Dubai, the World’s Luxury Brands Face a Wartime Crisis
The New York Times – Business:Executives for high-end brands worry that a prolonged war will hurt sales in a city important to the future of the luxury industry.
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Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem
The New York Times – Business:Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
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Jared Kushner Solicits Funds for His Firm While Working as Mideast Envoy
The New York Times – Business:President Trump’s son-in-law is trying to raise $5 billion or more from foreign governments and others for his private equity firm.
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The War in Iran Is Driving Costs Up. Here Are Some Ways to Save.
The New York Times – Business:The widening war in the Mideast is making life more expensive. Experts shared some simple cost-cutting tips.
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What to Know About the U.S. Lasers Being Used to Counter Iranian Attacks
The New York Times – Business:High-energy lasers can burn drones in the sky like a blowtorch. But they can be stymied by weather, and making them at scale will be a challenge.