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.
Category: Ships and Shipping
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Why the Iran War May Force Countries to Rely Less on Natural Gas
The New York Times – Business: -
Iran Moves to Formalize Toll Plan in Strait of Hormuz
The New York Times – Business:Tehran has effectively closed off the critical waterway, turning back container ships on Friday, and Iranian lawmakers are considering whether to formalize charging fees to pass.
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Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists
The New York Times – Business:Fertilizer prices are climbing as a result of disruptions in the Middle East, putting global food supplies at risk.
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Spiking Diesel Prices Mean Everything Will Get More Expensive
The New York Times – Business:Diesel has climbed faster than gasoline this month, directly hitting businesses, from brewers to trucking companies. Those higher costs are likely to make their way into consumer prices.
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Stocks Sink and Oil Dips After Trump Delays Threat to Bomb Iran
The New York Times – Business:President Trump said on Thursday he would delay an imminent deadline to begin attacking Iran’s power grid.
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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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Europe Heads for Another Energy Shock in a Vulnerable State
The New York Times – Business:The region’s stores of natural gas are running at the lowest level in years, and filling them up is increasingly daunting as the U.S.-led war in Iran pushes up prices.
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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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Iran Says ‘Non-Hostile’ Ships Can Sail Through the Strait of Hormuz
The New York Times – Business:Ships with no ties to Israel or the United States would be allowed to pass, the government said, but it was unclear if any vessels would try.
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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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War in Iran Reveals Strait of Hormuz’s Weakness as an Oil Bottleneck
The New York Times – Business:But at just 35 miles wide, it did. It’s just the latest evidence of how dependent the global economy is on a handful of choke points.