Category: Prices (Fares, Fees and Rates)

Fallout From Iran War and Oil Shock Deliver Another Blow to World Economy

The New York Times – Business:
Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
War With Iran Puts Further Strain on America’s Pessimistic Farmers

The New York Times – Business:
Nearly 75 percent of farmers surveyed before the war said the crop sector was in a recession. They face bigger hurdles this planting season.
Universal Will Give Movies Longer Exclusive Runs in Theaters

The New York Times – Business:
Theaters will get a minimum of five weekends of exclusive play and then, starting next year, seven. A pandemic-era policy was guaranteeing only three.
Why Oil Prices Surged Even After the Release of Strategic Reserves

The New York Times – Business:
Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.
A Third of Americans Have Cut Spending or Borrowed Money for Health Care

The New York Times – Business:
As medical costs rise, more than 80 million people have made sacrifices like skipping meals and driving less, a new survey finds.
Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked

The New York Times – Business:
The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
How the Iran War Could Hit Americans’ Wallets

The New York Times – Business:
Gas prices are rising, with the cost of food likely to follow. If the conflict drags on, the fallout for consumers could worsen, experts warned.
Japan and Germany Say They Will Release Oil

The New York Times – Business:
Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
Since February, rising gas prices have added to inflation.

The New York Times – Business:
Gas prices don’t move in lock step with crude, usually trailing increases or drops by a few days.
Trump Directs Iran War Keeping Markets Top of Mind

The New York Times – Business:
President Trump again demonstrated his desire to keep the stock markets aloft when he suggested U.S. attacks on Iran could end soon.
U.S. Gas Prices Jump for 11th Straight Day, and Oil Pushes Higher

The New York Times – Business:
Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.
How Trump and His Advisers Miscalculated Iran’s Response to War

The New York Times – Business:
In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.