Fears about the war in Iran, government deficits, the economy and corporate borrowing stirred global markets.
Category: Oil (Petroleum) and Gasoline
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Stocks and Bonds Steady at the End of a Tumultuous Week
The New York Times – Business: -
Spike in ‘Dark’ Oil Tankers in Gulf Raises Risk of Catastrophic Spills
The New York Times – Business:More vessels are navigating the Strait of Hormuz with their location devices turned off to evade attacks by Iran, adding to the threat of collisions.
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Oil Prices Jump After Trump’s Latest Iran Threat
The New York Times – Business:Bond markets remained volatile, as investors assessed the geopolitical turmoil.
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How the U.S. Navy Is Helping Get Oil Through the Strait of Hormuz
The New York Times – Business:With Iran making ship traffic perilous, a U.S. operation offers a way out for some energy exports, stealthily shepherding tankers on dangerous journeys.
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How the Iran War Made Africa’s Richest Man Even Richer
The New York Times – Business:Africans have turned to one of their own for fuel as the world’s supplies run low. But they are not the only ones with the continent’s richest man on speed dial.
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Gulf Oil Giants Push to Expand Overseas Stockpiles as Iran War Drags On
The New York Times – Business:Saudi Arabia and the United Arab Emirates are seeking larger oil reserves in Japan and South Korea as regional conflict threatens supply routes.
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Bond Yields Jump and Stocks Slip as Iran Stalemate Unsettles Investors
The New York Times – Business:The yield on the 30-year U.S. Treasury bond rose to its highest level in nearly 20 years.
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Gulf Oil Giants Are Spending Billions to Build Ways Around Strait of Hormuz
The New York Times – Business:Even if a cease-fire materializes, Gulf exporters recognize that relying strictly on the Strait of Hormuz is a risk they can no longer take.
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Energy Prices Expected to Fall in Latest Inflation Data
The New York Times – Business:The war with Iran injected volatility into the oil and gas market, with prices rising and falling in concert with the conflict.
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Oil Prices Rise to $90 a Barrel Over U.S.-Iran Stalemate
The New York Times – Business:The stalemate over the Iran war hardened and commercial shipping in the Strait of Hormuz continued to dwindle.
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Trump Wants to Move On From the Middle East. It’s Not Letting Him.
The New York Times – On the Runway:President Trump is eager to declare success in Iran and Gaza, but he is struggling to impose his will in either conflict.