The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.
Category: Ships and Shipping
-
As a New Oil Power, China Gains More Sway Over Energy Markets
The New York Times – Business: -
What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
The New York Times – Business:President Trump recently blamed Ukrainian attacks on Russian refineries for causing a spike in diesel prices, but analysts say the Iran war is probably a bigger factor.
-
Gulf Tankers Are Running Out of Ways to Export Oil: ‘These Waters Aren’t Safe’
The New York Times – Business:Ship operators already faced severe risks in navigating the region, and now the danger is higher as Houthi militias assert control in the Red Sea.
-
The Iran War Is Pushing Global Coal Use to Record Highs
The New York Times – On the Runway:Five years after virtually every world leader agreed to “phase down” the burning of coal for climate reasons, the fuel is more widely used than ever.
-
Yemen’s Houthis Seize Strategic Red Sea Port, Officials Say
The New York Times – On the Runway:The Iran-backed militia routed Yemeni government forces in Mokha, putting the group in a stronger position to attack ships in a crucial waterway for global trade.
-
Yemen Tilts Toward Full-Scale War as Saudi-Houthi Clashes Escalate
The New York Times – On the Runway:With its oil-export routes once again under threat, Saudi Arabia is stepping up its military campaign against an old antagonist.
-
Saudi Arabia Runs Out of Easy Routes for Oil to Bypass Iran War
The New York Times – Business:Saudi Arabia’s oil exports are plummeting as oil prices surpass $100 a barrel.
-
Oil Prices Rise Slightly After U.S. and Iran Trade Strikes
The New York Times – Business:Brent crude, the global benchmark for oil, was up about 1 percent as trading resumed on Sunday, while the national average price of gas was nearly $4.15 a gallon.
-
Iran’s Attacks Keep the Strait of Hormuz in a Lethal Stalemate
The New York Times – Business:The U.S. military is helping oil get out of the Persian Gulf on tankers, but Iran is still attacking the ships and scaring operators away.
-
Two More Oil Tankers Are Attacked in the Strait of Hormuz
The New York Times – Business:The ships were hit near Oman on Monday, the latest attacks on vessels in the Persian Gulf. Oil prices rose more than 2 percent.
-
U.S. Strikes May Have Targeted a New Type of Iranian Naval Mine
The New York Times – On the Runway:The U.S. military said its attacks against Iran were in response to a threat to the Strait of Hormuz.