Category: Strait of Hormuz

Rising Fuel Costs Pressure Airlines and Truckers

The New York Times – Business:
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.
Businesses Ask the TACO Question About Iran

The New York Times – Business:
Whether President Trump signaled that he may soon end the military strikes is weighing on the minds of investors, executives and others.
Oil Falls and Stocks Rise After a Day of Drastic Swings

The New York Times – Business:
The price of oil had spiked to nearly $120 a barrel on Monday, drawing remarks by President Trump that he believed the war on Iran was “very complete.”
G7 Countries Hold Off on Releasing Emergency Oil Supplies

The New York Times – Business:
Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
Investors and Trump Face an Iran Dilemma

The New York Times – Business:
A spike in oil prices has roiled stocks and bonds again and threatens to accelerate inflation — adding pressure on the White House.
Oil Prices Spike Over $110 a Barrel, Highest Since Pandemic

The New York Times – Business:
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies.
Stocks Tank in Asia as Oil Price Surges

The New York Times – Business:
Asian markets tumbled on Monday as Middle East tensions and spiking oil prices sparked a mass exit from the region’s previously booming stocks.
Oil and Natural Gas Prices Extend Rally as Iran Attacks Escalates

The New York Times – Business:
Energy prices continued to rise on Tuesday as attacks by the United States and Israel on Iran intensified, along with the country’s response.
Trump’s ‘Whatever It Takes’ Rattles Global Markets

The New York Times – Business:
President Trump has signaled that he is open to the idea of a prolonged military conflict with Iran. Investors are spooked by that scenario.
U.S. and Israeli War With Iran Will Likely Send Oil Prices Soaring

The New York Times – Business:
Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.
Oil Shipments in Persian Gulf Already Disrupted by Iran Attack

The New York Times – Business:
Tankers have begun to steer clear of the region and the Strait of Hormuz, threatening to push up energy prices.
Iran Releases Tanker It Seized From the Strait of Hormuz

The ship had lost contact with its managers while traveling near Iran on its way to Singapore last week. All 21 members of the crew are safe.