Category: Oil (Petroleum) and Gasoline

Countries in Asia Try to Contain the Economic Fallout of the Mideast Conflict

The New York Times – Business:
Across Asia, where countries are highly exposed to rising oil and gas costs and tightening supply, governments are acting to mitigate economic harm.
Investors and Trump Face an Iran Dilemma

The New York Times – Business:
A spike in oil prices has roiled stocks and bonds again and threatens to accelerate inflation — adding pressure on the White House.
Oil Remains Potent Geopolitical Tool, Decades After Energy Crisis

The New York Times – Business:
The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas.
U.S. Gasoline Prices, Rising Again, Are Now Up 17% Since Conflict Started

The New York Times – Business:
Interruptions in oil supplies in the Middle East, source of much of the world’s energy, are trickling down to what American drivers pay when they fill up.
Oil Prices Spike Over $110 a Barrel, Highest Since Pandemic

The New York Times – Business:
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
Stocks Tank in Asia as Oil Price Surges

The New York Times – Business:
Asian markets tumbled on Monday as Middle East tensions and spiking oil prices sparked a mass exit from the region’s previously booming stocks.
Oil Prices Surge Above $100 a Barrel for the First Time in Almost Four Years

The New York Times – Business:
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies. Stock futures fell about 1.5 percent.
Energy Secretary Says Tankers Could Start Moving Soon

The New York Times – Business:
“We’re not too long, I think, before you will see more regular resumption of ship traffic through the Strait of Hormuz,” Chris Wright said on CNN on Sunday.
War-Induced Inflation Spike Looms Over Europe’s Economic Recovery

The New York Times – Business:
For months, the region has been encouraged by low inflation and better-than-expected economic growth. A disruption to energy supplies from the Middle East could knock it off course.
Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates

The New York Times – Business:
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
Trump’s ‘Whatever It Takes’ Rattles Global Markets

The New York Times – Business:
President Trump has signaled that he is open to the idea of a prolonged military conflict with Iran. Investors are spooked by that scenario.
Global Economy Is Facing the Prospect of Another Profound Shock

The New York Times – Business:
A protracted conflict in the Middle East risks a spike in energy prices and broader inflation.