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.
Category: Persian Gulf
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Shipping Companies Remain Reluctant to Sail Through Strait of Hormuz
The New York Times – Business: -
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.”
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After Iran Cease-Fire, Ship Traffic in Strait of Hormuz Remains Throttled
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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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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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What Happened After a U.S. Warship Hit an Iranian Mine in 1988
The New York Times – Business:President Trump has suggested providing escorts for stranded tankers. A mine strike on a U.S. frigate in the Persian Gulf shows the perils of doing so.
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Cheap Drones Remain Wild Card in Iran war
The New York Times – Business:Stopping Iran’s production of drones is critical to opening the Strait of Hormuz and halting its attacks on Gulf nations. But can it be done?