A report examines how the war in Iran has weighed on Asian economies, but left China in a more advantageous position.
Category: Oil (Petroleum) and Gasoline
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China Emerges as a Relative Winner From Strait of Hormuz Crisis
The New York Times – Business: -
Oil Prices Rise on Possible Deal to Suspend Attacks in Gulf
The New York Times – Business:Oil prices edged higher after an American official said the U.S. and Iran had agreed to halt attacks in a key shipping lane, raising hopes that hostilities would not escalate.
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Oil Markets Edge Higher After Days of Attacks in Persian Gulf
The New York Times – Business:Oil prices inched up on Sunday evening, while the S&P 500 futures market was little changed.
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Renewed Strikes Threaten Setback to Shipping Recovery in Persian Gulf
The New York Times – Business:The attacks came after traffic through the Strait of Hormuz had reached the highest levels since the start of the U.S. war in Iran.
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How Much Have Airfares Risen With High Jet Fuel Costs?
The New York Times – Business:While prices are up overall, there’s a surprising pattern depending on your destination.
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In Europe, Tesla Sales Are Rising Despite Views on Elon Musk
The New York Times – Business:Price cuts and low-interest-rate loans are luring buyers, including people offended by the company’s chief executive.
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Oil Prices Return to Prewar Levels After Four Months
The New York Times – Business:The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.
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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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Stocks in Asia Tumble as A.I. Uncertainty Jolts Tech Shares
The New York Times – Business:Stock markets across Asia tumbled, as investors continue to wrestle with whether the boom in artificial intelligence spending is overdone or just beginning.
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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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Oil Prices Fall Toward Prewar Levels as Gulf Shipping Resumes
The New York Times – Business:Oil prices fell, moving closer to levels not seen since the war in Iran began in February.