President Trump is eager to declare success in Iran and Gaza, but he is struggling to impose his will in either conflict.
Category: Oil (Petroleum) and Gasoline
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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: -
Oil Prices Climb and Stocks Dip on Stalemate in Iran War
The New York Times – Business:Hopes were dashed over the weekend for a breakthrough on the Strait of Hormuz.
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China’s Export Boom Rolls On Despite Trade Backlash
The New York Times – Business:China’s factories are finding eager buyers abroad even as weak consumer spending and a prolonged property slump weigh on growth at home.
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Iran Says It Is Nearing Final Agreement With Oman on Strait of Hormuz
The New York Times – On the Runway:The agreement on an acceptable route for ships to pass through the strait would effectively ratify Tehran’s control over the crucial waterway.
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Houthis Threaten to Expand Red Sea Attacks, and Claim Strike on Saudi Tanker
The New York Times – On the Runway:Saudi Arabia has not commented on the claim by the Houthis, who are backed by Iran and have vowed to close “all access routes” to Saudi oil shipments.
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S&P 500 Hits Record High as Stock Market Worries About Iran and AI Ease
The New York Times – Business:The S&P 500 rose 1.8 percent, pushing past its previous peak at the start of June and capping a big turnaround from a recent sell off in technology stocks.
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Talks With Iran to Reopen Strait of Hormuz Make Progress, Officials Say
The New York Times – On the Runway:Qatar said that draft language of a deal was being circulated, while the U.S. Treasury secretary suggested an agreement may be imminent.
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A New Lethal Front in Ukraine: Its Beloved Gas Stations
The New York Times – On the Runway:Russian drone attacks have hit hundreds of gas stations in apparent retaliation for Ukraine’s attacks on oil refineries.
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U.S. Stocks Near a Record High Amid Lull in Iran War
The New York Times – Business:Markets have been lashed between disruptions in the Strait of Hormuz and anxiety about massive corporate investments in artificial intelligence.
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Oil Giant Saudi Aramco Reports 33% Profit Surge, Despite Iran War Disruptions
The New York Times – Business:Higher oil prices propelled a quarterly earnings jump for Saudi Arabia’s energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.