Attacks on ships around the Strait of Hormuz have continued as a war between Saudi Arabia and the Houthi militia intensified.
Category: Strait of Hormuz
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Oil Prices Jump on Outburst of Violence in the Middle East
The New York Times – Business: -
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.
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As a New Oil Power, China Gains More Sway Over Energy Markets
The New York Times – Business: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.
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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.