Iran has allowed a small number of vessels to pass, but that won’t alleviate pressure or risk for the shipping industry and energy markets any time soon.
Category: Oil (Petroleum) and Gasoline
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Oil Prices Go Higher and Global Stocks Fall
Investors continued to parse conflicting signals on whether the war in the Middle East was nearing de-escalation.
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Asia Is Getting Crushed Between Oil Prices and the Dollar
From India to Southeast Asia to South Korea, currencies are crumbling as governments race to secure fuel that is priced in American money.
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How Kharg Island May Change the Trajectory of the Iran War
Kharg Island exports 90 percent of Iran’s crude oil. It has also become a potential U.S. target. Peter Eavis, our Business reporter, examines how the small island in the Persian Gulf has become a strategic target with significant risks.
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The Oil Price Shock Could Make Italian Ice More Expensive
Higher energy prices caused by the war with Iran could affect more than just prices at the pump for American consumers.
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As Gas Prices Spike, California Is Hit Hardest
A gallon has climbed to nearly $6 in the state, about $2 above the national average.
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What Happened After a U.S. Warship Hit an Iranian Mine in 1988
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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Oil Prices Tumble 6% as Trump Shows Eagerness to Talk to Iran
Investors reacted to signals of possible de-escalation of the war in the Middle East.
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Iran Says ‘Non-Hostile’ Ships Can Sail Through the Strait of Hormuz
Ships with no ties to Israel or the United States would be allowed to pass, the government said, but it was unclear if any vessels would try.
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War in Iran Is Disrupting Air Travel, Hitting Middle East Hardest
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.