President Trump once assailed the Obama administration for making cash payments to Iran. Now he supports sanctions relief that could give the country a $14 billion windfall.
Category: Prices (Fares, Fees and Rates)
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For Western Oil Companies, War in Iran Means Bigger Profits, and Risks
The New York Times – Business:American and European oil and gas companies are expected to earn a lot more as prices surge but are worried about the future.
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China Eases Planned Increase to Gas Prices for 300 Million Drivers
The New York Times – Business:In China, where half of new cars are electric vehicles or hybrids, a vast population still depends on gas. The government stepped in on Monday to “mitigate” the pain of surging costs.
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Energy Attacks in War on Iran Could Turn Economic Shock Into Long-Term Damage
The New York Times – Business:A new phase targeting oil and gas infrastructure in the Persian Gulf threatens to hurt businesses and customers around the world for months or even years.
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Stocks Tumble as Oil Prices Rise
The New York Times – Business:Investors braced for a fourth week of market turmoil caused by the war in the Middle East
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What to Know About Electric Cars When Gas Prices Are Surging
The New York Times – Business:War in Iran has disrupted global oil supplies, which is prompting some car shoppers to look for ways to climb off “the gas-price roller coaster.”
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The U.S. Economy Is Insulated From High Oil Prices. Americans Aren’t.
The New York Times – Business:The overall economy has proved resilient in recent years, even as many households have struggled. The war with Iran is following the same pattern.
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Oil Falls and Stocks in Asia Hold Steady
The New York Times – Business:Oil prices had been gyrating this week, after a new round of attacks on major energy facilities in Iran and Qatar raised concerns about energy supplies.
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Central Banks Brace for Inflation as Energy Prices Surge
The New York Times – Business:Traders now expect Europe’s central bankers to raise rates this year to address a sharp increase in inflation because of higher energy prices.