Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
Category: Strait of Hormuz
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Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady
The New York Times – Business: -
Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady
The New York Times – Business:Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
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Families of Sailors Killed in Gulf Struggle for Compensation and Closure
The New York Times – Business:Attacks near the Strait of Hormuz have claimed the lives of at least 25 seafarers. Their survivors are reeling.
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Families of Sailors Killed in Gulf Struggle for Compensation and Closure
The New York Times – Business:Attacks near the Strait of Hormuz have claimed the lives of at least 25 seafarers. Their survivors are reeling.
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Oil Prices Rise as Iran Steps Up Attacks and Fighting Intensifies
The New York Times – Business:In a volatile moment for energy markets, more vessels are being hit while transiting the Strait of Hormuz, while the Houthis and Saudi Arabia traded attacks.
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Oil Prices Jump on Outburst of Violence in the Middle East
The New York Times – Business:Attacks on ships around the Strait of Hormuz have continued as a war between Saudi Arabia and the Houthi militia intensified.
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Trump Allows Cheaper, Dyed Diesel to Be Used in Nonfarm Vehicles
The New York Times – Business:In Nebraska, President Trump announced an executive order to waive an off-road requirement for the fuel, which is exempt from the federal highway tax.
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Geography Is Back With a Vengeance
The New York Times – Business:Trade blockages in the Persian Gulf have reminded the world that there are forces as great as or greater than technology and globalization.
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Burst of Attacks in Gulf Heightens Fears Over Fragile Energy Trade
The New York Times – Business:Strikes on tankers in the Strait of Hormuz and oil infrastructure in Saudi Arabia came as the region’s exporters were getting more oil to the world market.
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Mideast Oil Exports Rebound Even as Prices Remain Elevated
The New York Times – Business:More tankers are moving through the Strait of Hormuz as shippers gain confidence, but the global supply of oil is still below demand.
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Why a U.S. Diesel Export Ban May Not Lower Prices
The New York Times – Business:President Trump has said he is considering restricting overseas sales of the fuel to bring down domestic prices, but experts say the policy will have many unintended effects.
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Trump Says He Supports Banning Diesel Exports to Bring Down Prices
The New York Times – Business:Diesel prices have been setting records because of the war in Iran, but the oil industry say banning U.S. exports would not make the fuel cheaper.