Energy prices continued to climb around the world as war in the Middle East intensifies. That has scrambled President Trump’s foreign policy strategy.
Category: Oil (Petroleum) and Gasoline
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After Pulling Back, Oil Prices Resume Their Rise
Shipping routes crucial to global commerce remained disrupted as the conflict in the Middle East continued.
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With Iran War, Trump Risks Stepping on Gains From His Own Tax Cuts
President Trump’s war in Iran has raised some costs just as many Americans are starting to see savings from last year’s tax cuts.
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Why Trump’s Strait of Hormuz Problem Is Going Global
President Trump is getting little to no support so far for his call that other countries do their part to try to ease an energy crisis prompted by U.S.-Israeli attacks on Iran.
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Iran War Risks Sharpening Fed Divisions Over Rate Cuts
The Federal Reserve is set to hold interest rates steady this week as officials grapple with a host of new economic risks stemming from the conflict in the Middle East.
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Oil Tops $106 a Barrel as Worries Persist About Global Supplies
As the broader war in the Middle East begins its third week, worries over the fallout of crippled energy supplies continue to roil markets.
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War in Iran Has Grounded Gulf Airlines Like Emirates
Emirates, Qatar Airways and Etihad Airways have become some of the world’s largest and most profitable thanks to their location at the center of busy travel routes.
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For Trump, a Promised Economic Boom Collides With the Costs of War
President Trump had envisioned a growing economy and improving fortunes for American families in 2026. That appears at risk in his war with Iran.
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Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem
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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America Depends Less on Oil Than Ever
Gasoline still drives household budgets, but energy efficiency and renewables have reduced the economy’s overall reliance on petroleum.
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Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.