Gas lines and quadrupling oil prices freaked out American consumers. But the oil crises also transformed global finance.
Category: Shortages
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Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists
Fertilizer prices are climbing as a result of disruptions in the Middle East, putting global food supplies at risk.
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An Invisible Bottleneck: A Helium Shortage Threatens the Chip Industry
With a third of the global supply offline because of the war in Iran, gas companies are scrambling to assure critical A.I. chip makers there will be no disruptions.
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Iran Keeps a Tight Grip on Strait of Hormuz, Pressuring Shipping and Energy Sectors
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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Scramble for Jet Fuel Shows How Energy Shortages Are Rippling Across Asia
As China and other major suppliers of refined oil in the region restrict exports, import-dependent countries are desperate to secure fuel supplies.
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Attacks on Energy Infrastructure Could Lead to Much Higher Prices
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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The Iran War’s Economic Threat to Europe and Asia
Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.
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The War Is Making It Harder to Keep the Lights On, 2,000 Miles Away
Bangladesh is taking steps to conserve electricity, which its factories need to keep stitching together the world’s clothing.
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Trump Administration Turns to Migrant Workers to Help Farm Labor Shortage
As the president’s immigration policies squeeze an already tight supply of farm labor, the Trump administration is making it cheaper to hire foreign farmworkers.
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Surging Energy Costs Put German Industry ‘Really in Danger’
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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War in Iran Has India Scrambling to Keep Stoves Lit for Cooking
India relies on huge quantities of cooking gas that is normally shipped from the Persian Gulf.
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Why Oil Prices Surged Even After the Release of Strategic Reserves
Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.