Category: Oil (Petroleum) and Gasoline

The Iran War’s Persistent Threat to Farmers in Poor Countries

A reopening of the Strait of Hormuz would do little to swiftly ease the pain inflicted by higher prices for fertilizer, food and fuel in Ivory Coast.
Markets Recoil in Global Sell-Off Driven by Tech Stocks

Chipmakers led the way down in South Korea, where the main index crashed 10 percent. Stocks in Europe were lower and S&P 500 futures pointed to a sharp fall.
America’s Thirst for Gasoline May Not Recover After Iran War

People drove less and bought more-efficient cars when fuel prices surged, habits that could stick over the long term.
U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf

U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
Oil Prices Fall as U.S.-Iran Talks Show Signs of Progress

Oil prices retreated after Iran’s foreign minister said there had been “major progress” toward ending the fighting in Lebanon during the first session of high-level talks.
Oil Rises Amid Uncertainty Over Strait of Hormuz

Modest reactions in the oil and financial markets as Iran and the U.S. met in Switzerland for a first round of talks aimed at making a temporary cease-fire permanent.
While the World Scrambles for Oil, China Sits on Full Tanks

The possible reopening of the Strait of Hormuz may not prompt China to return quickly to prewar levels of oil purchases from the Persian Gulf.
Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound

More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes.
For India, the Return of Iranian Oil Cannot Come Soon Enough

After months of shortages and uncertainty, India sees an opportunity to restore a once-crucial energy relationship.
Oil Prices Firm Up as U.S.-Iran Deal Faces Tests

Oil remains on track for a second straight weekly decline, but signs of cracks in the agreement to end the war have given traders pause.
After Deal to Reopen Strait of Hormuz, Ships Begin to Move Cautiously

Shipping companies hoping to get their stranded vessels out face complications like mines and the lack of clear coordination.
Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth

After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.