President Trump, aware of how high gas prices could affect his popularity, demanded on social media that the U.S. “KEEP OIL PRICES DOWN.”
Category: Strait of Hormuz
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Oil Markets on Edge After American Bombing of Iran
Fighting has the potential to disrupt oil markets, but a move by Iran to cut off supply would chiefly hurt China, the biggest buyer of Iranian oil.
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The Markets Are Balancing on a Knife’s Edge
The world has been anything but peaceful, but you wouldn’t know that from looking at the markets.
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Trump’s Two-Week Iran Notice Gives Markets a Lift
The president said he could take that long to decide whether to join a military fight against Iran. But that does little to quell investor uncertainty.
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Oil Tanker Collision Near Strait of Hormuz Raises Security Fears
The accident, which the United Arab Emirates said was unrelated to the conflict between Israel and Iran, comes amid increased reports of GPS jamming.
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Oil Prices Climb as Trump Calls for Iran’s ‘Surrender’
They rose more than 4 percent as traders wondered if the United States would take a more active role in the conflict between Israel and Iran.
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Profits of Doom: Why Investors Seem to Shrug Off War
The Israel-Iran clash seemingly has no end in sight — a prospect that does not seem to be panicking the markets.
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Oil Prices Could Climb Higher if Mideast Tensions Escalate
A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.
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As Iran Seizes Tankers, U.A.E. Pulls Back From U.S.-Led Maritime Force
The United Arab Emirates announced it had stopped participating in the security group after Iran seized two tankers in the Persian Gulf recently.