Hopes were dashed over the weekend for a breakthrough on the Strait of Hormuz.
Category: Oil (Petroleum) and Gasoline
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Oil Prices Climb and Stocks Dip on Stalemate in Iran War
The New York Times – Business: -
China’s Export Boom Rolls On Despite Trade Backlash
The New York Times – Business:China’s factories are finding eager buyers abroad even as weak consumer spending and a prolonged property slump weigh on growth at home.
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Iran Says It Is Nearing Final Agreement With Oman on Strait of Hormuz
The New York Times – On the Runway:The agreement on an acceptable route for ships to pass through the strait would effectively ratify Tehran’s control over the crucial waterway.
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Houthis Threaten to Expand Red Sea Attacks, and Claim Strike on Saudi Tanker
The New York Times – On the Runway:Saudi Arabia has not commented on the claim by the Houthis, who are backed by Iran and have vowed to close “all access routes” to Saudi oil shipments.
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S&P 500 Hits Record High as Stock Market Worries About Iran and AI Ease
The New York Times – Business:The S&P 500 rose 1.8 percent, pushing past its previous peak at the start of June and capping a big turnaround from a recent sell off in technology stocks.
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Talks With Iran to Reopen Strait of Hormuz Make Progress, Officials Say
The New York Times – On the Runway:Qatar said that draft language of a deal was being circulated, while the U.S. Treasury secretary suggested an agreement may be imminent.
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A New Lethal Front in Ukraine: Its Beloved Gas Stations
The New York Times – On the Runway:Russian drone attacks have hit hundreds of gas stations in apparent retaliation for Ukraine’s attacks on oil refineries.
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U.S. Stocks Near a Record High Amid Lull in Iran War
The New York Times – Business:Markets have been lashed between disruptions in the Strait of Hormuz and anxiety about massive corporate investments in artificial intelligence.
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Oil Giant Saudi Aramco Reports 33% Profit Surge, Despite Iran War Disruptions
The New York Times – Business:Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
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How the War in Iran Is Complicating Trump’s Agenda at Home
The New York Times – On the Runway:As President Trump heads to the West Coast to talk to Americans about the economy, the war in Iran is driving up costs and polls show the already unpopular conflict is losing support.