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.
Category: Persian Gulf
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
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 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
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 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
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 energy industry refers to the behavior of gasoline prices as “up like a rocket, down like a feather.”
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After Iran Cease-Fire, Ship Traffic in Strait of Hormuz Remains Throttled
A handful of vessels have crossed the crucial waterway since the U.S.-Iran truce began, but shipowners, insurers and others are wary of safe passage.
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Why It Could Take Months for Gas Prices to Fall, Even If the Strait of Hormuz Reopens
Some wells can be turned on in days or weeks, but bringing the Gulf’s energy system back to something akin to normal will take months.
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Why You Can’t ‘Flick a Switch’ to Get Oil and Gas Flowing Out of the Persian Gulf
Some wells can be turned on in days or weeks, but bringing the Gulf’s energy system back to something akin to normal will take months.