The conflict could also fuel another bout of inflation, according to the International Monetary Fund.
Category: Oil (Petroleum) and Gasoline
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Middle East War Will Slow Global Economic Growth, I.M.F. Warns
The New York Times – Business: -
What’s Driving the Wartime Stock Rebound
The New York Times – Business:The S&P 500 has recouped all its losses since the Middle East war started on Feb. 28, as a bullish “vibe shift” takes hold among some investors.
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Oil Prices Slip and Stocks Gain as Investors Eye Possible Path to Peace
The New York Times – Business:Investors saw a possible path to peace, with the United States and Iran trading proposals for Iran to suspend nuclear activity.
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
The New York Times – Business:Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
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Shipping Companies Remain Reluctant to Sail Through Strait of Hormuz
The New York Times – Business:The United States said it has started to block vessels doing business with Iran from the strait. Details on how that would work are unclear.
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Iran Blockade Sets Up a Test of Which Side Can Endure More Pain
The New York Times – Business:President Trump is trying to choke off the country’s lifeline with a blockade of the Strait of Hormuz. But the Iranians are betting that his tolerance for political pain is limited.
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Investors Brace for a New Hormuz Blockade Threat
The New York Times – Business:President Trump’s plan to bar ships from entering or leaving Iranian ports has put markets on edge and added to global economic uncertainty.
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Oil Prices Surge Above $100 After Peace Talks Fail and Trump Threatens Blockade
The New York Times – Business:Oil prices surged as markets reopened on Sunday following news that U.S. peace talks with Iran had ended without a deal.
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Fallout of War Piles Economic Pain Onto Europe’s Political Stress
The New York Times – Business:Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment.
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U.S. Inflation Surged in March as Iran War Pushed Up Prices
The New York Times – Business:Soaring energy costs led to the biggest monthly increase in the Consumer Price Index since the peak of the post-pandemic inflation crisis in June 2022.
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business:The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.