The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
Category: Oil (Petroleum) and Gasoline
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Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business: -
Oil Prices Recede and Stocks Gain as Investors Eye Peace Talks
The New York Times – Business:Oil prices pulled back and stocks inched higher as investors looked to the possibility of a second round of peace talks between the United States and Iran.
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The Peace Rally Gets Derailed
The New York Times – Business:Oil prices are climbing and global stocks are falling as investors worry about the prospects for a speedy end to the war in the Middle East.
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Why Gas Prices Go Up Fast and Take So Long to Fall
The New York Times – Business:Fuel station owners take some of the hit for consumers when oil prices surge. On the way down, they try to get their money back.
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Oil Prices Jumped and Stock Futures Fell on Renewed Iran Conflict
The New York Times – Business:Traders, hopeful on Friday that a peace deal was near, were digesting the developments over the weekend.
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Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
The New York Times – Business:Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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Stocks Extend Rally as Tensions Ease Over War in Iran
The New York Times – Business:The S&P 500’s rise on Friday caps a striking three-week streak, powered by investors’ optimism about the reopening of the Strait of Hormuz and strong corporate earnings.
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Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran Say
The New York Times – Business:Friday’s statements raised investors’ hopes that oil and gas would start moving out of the Persian Gulf in significant volumes again.
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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
The New York Times – Business:But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
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White House Shrugs Off Shaky Economy as War Exceeds Trump’s Timeline
The New York Times – Business:Stocks may be soaring again, but the war in Iran has started to pinch the finances of many Americans.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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Stocks Extend Rally and Oil Prices Stabilize as Investor Optimism Grows
The New York Times – Business:Oil prices stabilized and stocks rose on optimism that diplomatic talks could yield a permanent peace deal.