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.
Category: Russian Invasion of Ukraine (2022)
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business: -
Why the Iran War May Force Countries to Rely Less on Natural Gas
The New York Times – Business:The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
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Can This Russian Bakery Survive a 3,500% Tax Increase?
The New York Times – Business:The challenges faced by a small-business owner near Moscow highlight how Russia’s war-drained economy is on the doorstep of a major crisis.
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Attacks on Energy Infrastructure Could Lead to Much Higher Prices
The New York Times – Business:Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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As War Chokes Natural Gas Supply, Asia Turns Back to Coal
The New York Times – Business:Across Asia, a sharp drop in liquefied natural gas supplies is pushing major importers back toward coal, undermining L.N.G.’s long-held role as a stable energy anchor.
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Surging Energy Costs Put German Industry ‘Really in Danger’
The New York Times – Business:Four years after the Russian invasion of Ukraine sent energy prices soaring, the war in Iran is posing another challenge to efforts to revive European factories.
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Rising Fuel Costs Pressure Airlines and Truckers
The New York Times – Business:The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
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For India, Buying Russian Oil Just Got More Complicated
The New York Times – Business:India’s prime minister acceded to many of President Trump’s demands under pressure of heavy tariffs. It would be awkward to reject them now.
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India’s Prime Minister Faces Blowback Over Trade Deal With Trump to Lower Tariffs
The New York Times – Business:Prime Minister Narendra Modi won a big reduction of sky-high tariffs, but critics say he undermined Indian sovereignty and undercut the nation’s farmers.