Shipping companies hoping to get their stranded vessels out face complications like mines and the lack of clear coordination.
Category: Strait of Hormuz
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After Deal to Reopen Strait of Hormuz, Ships Begin to Move Cautiously
The New York Times – Business: -
Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth
The New York Times – Business:After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
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Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy
The New York Times – Business:An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
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Reopening of Strait of Hormuz Still a Question Mark
The New York Times – Business:Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
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The Risks of Iran’s Threat to Control the Strait of Hormuz
The New York Times – Business: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.
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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.