The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
Category: Persian Gulf
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Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The New York Times – Business: -
Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed
The New York Times – Business:The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
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Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
The New York Times – Business:Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
The New York Times – Business:But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
The New York Times – Business:Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
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Shipping Companies Remain Reluctant to Sail Through Strait of Hormuz
The New York Times – Business:The United States said it has started to block vessels doing business with Iran from the strait. Details on how that would work are unclear.
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European Airports Warn of Jet Fuel Shortages if Strait of Hormuz Remains Shut
The New York Times – Business:An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business:The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
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Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
The New York Times – Business:Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.
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Why Gas Prices Won’t Fall as Quickly as Oil Prices
The New York Times – Business:The energy industry refers to the behavior of gasoline prices as “up like a rocket, down like a feather.”