The S&P 500 is on course for its fifth straight week of losses and its worst weekly losing streak in roughly four years.
Category: Oil (Petroleum) and Gasoline
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As Stocks Keep Falling, Investors Are Losing Patience With the War in Iran
The New York Times – Business: -
Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists
The New York Times – Business:Fertilizer prices are climbing as a result of disruptions in the Middle East, putting global food supplies at risk.
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Spiking Diesel Prices Mean Everything Will Get More Expensive
The New York Times – Business:Diesel has climbed faster than gasoline this month, directly hitting businesses, from brewers to trucking companies. Those higher costs are likely to make their way into consumer prices.
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How the Iran War Is Costing the Economy Its Buffers
The New York Times – Business:As the U.S.-Israeli campaign enters a second month, analysts see a growing toll. One forecast predicts oil hitting $200 a barrel.
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Stocks Sink and Oil Dips After Trump Delays Threat to Bomb Iran
The New York Times – Business:President Trump said on Thursday he would delay an imminent deadline to begin attacking Iran’s power grid.
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Iran Keeps a Tight Grip on Strait of Hormuz, Pressuring Shipping and Energy Sectors
The New York Times – Business:Iran has allowed a small number of vessels to pass, but that won’t alleviate pressure or risk for the shipping industry and energy markets any time soon.
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Oil Prices Go Higher and Global Stocks Fall
The New York Times – Business:Investors continued to parse conflicting signals on whether the war in the Middle East was nearing de-escalation.
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Asia Is Getting Crushed Between Oil Prices and the Dollar
The New York Times – Business:From India to Southeast Asia to South Korea, currencies are crumbling as governments race to secure fuel that is priced in American money.
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How Kharg Island May Change the Trajectory of the Iran War
The New York Times – Business:Kharg Island exports 90 percent of Iran’s crude oil. It has also become a potential U.S. target. Peter Eavis, our Business reporter, examines how the small island in the Persian Gulf has become a strategic target with significant risks.
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The Oil Price Shock Could Make Italian Ice More Expensive
The New York Times – Business:Higher energy prices caused by the war with Iran could affect more than just prices at the pump for American consumers.
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As Gas Prices Spike, California Is Hit Hardest
The New York Times – Business:A gallon has climbed to nearly $6 in the state, about $2 above the national average.