Four days of attacks by both countries forced a sharp decline in the number of vessels navigating through the Strait of Hormuz.
Category: Persian Gulf
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Ships Pull Back Amid Heightened Risk From Iran-U.S. Strikes
The New York Times – Business: -
How a Jet Fuel Refinery Is Scrambling After the Iran War Oil Shock
The New York Times – Business:For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
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Movement Through Strait of Hormuz Is Halted After Attack on Cargo Ship
The New York Times – Business:The strike on a vessel near the coast of Oman prompted a U.N. agency to pause an evacuation of ships from the Persian Gulf.
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U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf
The New York Times – Business:U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
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Mines, Logistics and Deep Uncertainty Threaten a Middle East Oil Rebound
The New York Times – Business: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.
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Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy
The New York Times – Business:An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
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The War-Driven Supply Shock Already Roiling Manufacturing in Asia
The New York Times – Business:A shortage of naphtha, stemming from the blockade of the Strait of Hormuz, is disrupting manufacturing and retail goods in Japan and South Korea.
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The Risks of Iran’s Threat to Control the Strait of Hormuz
The New York Times – Business:Iran is trying to assert its control over the strait by charging for passage. Experts say it is unlikely to happen, but the threat has unsettled the shipping industry.
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Is the Bond Market Signaling Danger? Or Opportunity?
The New York Times – Business:Interest rates for long-term Treasury bonds have surged to levels last seen in 2007, before the great financial crisis.
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A Fact Check of Trump’s Claims on Inflation and Gas Prices in Iran War
The New York Times – Business:He has minimized soaring gas prices, rising inflation and the American economy’s need for the Strait of Hormuz.
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What You Need to Know About the Federal Gas Tax
The New York Times – Business:President Trump said he would like to suspend the 18.4-cent-a-gallon tax, but it’s a move that may save drivers only a few dollars a month.