Iran is trying to assert its control over the strait by charging for passage. Experts say it is unlikely to happen, but the threat has unsettled the shipping industry.
Category: Strait of Hormuz
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The Risks of Iran’s Threat to Control the Strait of Hormuz
The New York Times – Business: -
Is the Bond Market Signaling Danger? Or Opportunity?
The New York Times – Business:Interest rates for long-term Treasury bonds have surged to levels last seen in 2007, before the great financial crisis.
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What Trump Gained, and Didn’t, From China
The New York Times – Business:President Trump is returning home from Beijing after a two-day summit that achieved a few deals but left investors and analysts underwhelmed.
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A Fact Check of Trump’s Claims on Inflation and Gas Prices in Iran War
The New York Times – Business:He has minimized soaring gas prices, rising inflation and the American economy’s need for the Strait of Hormuz.
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An Uncertain World Awaits the Reopening of the Strait of Hormuz
The New York Times – Business:Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.
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Fuel Prices Drive Sales of E.V.s, Just Not in the U.S.
The New York Times – Business:Electric vehicle sales have soared in Europe and much of the rest of the world, but Americans are still hesitant.
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Nations Brace for Long-Term Economic Woes as Trump Calls Iran Truce Plan ‘Garbage’
The New York Times – Business:President Trump said the fragile cease-fire was on “life support,” and India’s leader urged residents to cut back on purchases and travel.
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Attack on French Cargo Ship Highlights Continued Risks in Strait of Hormuz
The New York Times – Business:U.S. Central Command and the ship’s owner disagreed on whether the vessel coordinated safe passage with the United States military.
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Maersk Ship Passed Strait of Hormuz Under U.S. Military Protection
The New York Times – Business:A U.S.-flagged ship operated by a Maersk subsidiary exited under American military guidance, part of President Trump’s effort to encourage ships to pass the Strait of Hormuz.
