Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
Category: Strait of Hormuz
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Extended Mideast Conflict Would Slow Trade and Growth, W.T.O. Warns
The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists.
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Extended Mideast Conflict Would Slow Trade and Growth, W.T.O. Warns
The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists.
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Attacks on Energy Infrastructure Could Lead to Much Higher Prices
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.
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The Iran War’s Economic Threat to Europe and Asia
Inflation and its consequences for growth is a growing concern for countries where memories of the 2022 energy crisis are fresh.
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Kharg Island Is an Appealing Target for Trump, With High Risks
A U.S. attack or a move to seize control of Iran’s main oil export hub could cripple the country’s ability to profit from its natural resources. But it would also risk sending energy prices even higher.
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Iran’s Hormuz Stranglehold Upends Markets and Geopolitics
Energy prices continued to climb around the world as war in the Middle East intensifies. That has scrambled President Trump’s foreign policy strategy.
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Why Trump’s Strait of Hormuz Problem Is Going Global
President Trump is getting little to no support so far for his call that other countries do their part to try to ease an energy crisis prompted by U.S.-Israeli attacks on Iran.
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Why Little Was Done to Head Off Oil’s Strait of Hormuz Problem
Geography and regional rivalries have prevented Gulf countries from finding a true alternative to the strait, which the war with Iran has effectively shut down.
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Surge in Oil Prices Shakes Pakistan’s Already Fragile Economy
Families preparing for Eid al-Fitr and farmers ready for harvest are being squeezed in a country that gets nearly all its oil through the Persian Gulf.
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U.S. Vows to Block Iran’s Attempt to Shut Down Strait of Hormuz
Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.