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: Strait of Hormuz
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As a New Oil Power, China Gains More Sway Over Energy Markets
The New York Times – Business: -
Global Oil Prices Could Hit Highest Levels in Months After Saudi Pipeline Attacks
The New York Times – Business:Estimates vary on how long it could take before a crucial pipeline is repaired, but a prolonged shutdown could push oil prices to their highest levels in months.
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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.
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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.
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Why Yemen Is Back on the Brink of War
The New York Times – On the Runway:The Houthi militia, the Yemeni government, Iran and Saudi Arabia all have reasons to escalate the conflict.
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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.
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Iran’s Strikes on Base in Jordan Caused Limited Damage, U.S. Officials Say
The New York Times – On the Runway:The latest round of fighting may result in reports of traumatic brain injuries among American service members, officials warned.
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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.
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OPEC Plus to Keep Oil Production Steady
The New York Times – Business:The decision on Sunday by the cartel of oil-producing nations and some of its allies came after the resumption of U.S. and Iranian military strikes in the Persian Gulf.
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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.
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In Small Iranian Town, a U.S. Attack Turns a Wedding Into a Tragedy
The New York Times – On the Runway:The bomb that hit the residential area was American, according to a weapons expert and a visual analysis by The Times. It killed five people and wounded 67 others, the Iranian authorities said.
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Trump Returns to a Familiar Playbook as the War With Iran Flares Up Again
The New York Times – On the Runway:The United States seems increasingly bogged down in Iran after six months of conflict, despite President Trump’s declarations of military dominance.