From Iran to China, President Trump’s global aggression has encouraged other countries to search for new ways to pressure the U.S. economy.
Category: Strait of Hormuz
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Rival Nations Seize On Choke Points to Counter Trump
The New York Times – Business: -
Why Trump’s Iran Address Failed to Soothe Markets
The New York Times – Business:Oil surged and stocks sold off after the president delivered an unclear case for continuing the war in the Middle East.
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Markets Bet Big on a Quick End to the Iran War
The New York Times – Business:Global markets rallied as President Trump signaled that the United States may stop fighting soon. But big questions remain about lingering damage.
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The Trump Effect at the Pump as Gas Hits $4 a Gallon
The New York Times – Business:The average price of gasoline in the U.S. has topped $4 a gallon, a multiyear high, as war in the Middle East roils the oil market and slams drivers.
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Iran War’s Latest Economic Toll: Oil at $115 a Barrel
The New York Times – Business:Economists and investors are increasingly pricing in a slowdown, or even a global recession, if the fighting drags on.
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Iran Moves to Formalize Toll Plan in Strait of Hormuz
The New York Times – Business:Tehran has effectively closed off the critical waterway, turning back container ships on Friday, and Iranian lawmakers are considering whether to formalize charging fees to pass.
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How the Iran War Is Costing the Economy Its Buffers
The New York Times – Business:As the U.S.-Israeli campaign enters a second month, analysts see a growing toll. One forecast predicts oil hitting $200 a barrel.
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Iran Keeps a Tight Grip on Strait of Hormuz, Pressuring Shipping and Energy Sectors
The New York Times – Business:Iran has allowed a small number of vessels to pass, but that won’t alleviate pressure or risk for the shipping industry and energy markets any time soon.
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What Happened After a U.S. Warship Hit an Iranian Mine in 1988
The New York Times – Business:President Trump has suggested providing escorts for stranded tankers. A mine strike on a U.S. frigate in the Persian Gulf shows the perils of doing so.
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Cheap Drones Remain Wild Card in Iran war
The New York Times – Business:Stopping Iran’s production of drones is critical to opening the Strait of Hormuz and halting its attacks on Gulf nations. But can it be done?
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Iran Says ‘Non-Hostile’ Ships Can Sail Through the Strait of Hormuz
The New York Times – Business:Ships with no ties to Israel or the United States would be allowed to pass, the government said, but it was unclear if any vessels would try.
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War in Iran Reveals Strait of Hormuz’s Weakness as an Oil Bottleneck
The New York Times – Business:But at just 35 miles wide, it did. It’s just the latest evidence of how dependent the global economy is on a handful of choke points.