President Trump is trying to choke off the country’s lifeline with a blockade of the Strait of Hormuz. But the Iranians are betting that his tolerance for political pain is limited.
Category: Trump, Donald J
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Iran Blockade Sets Up a Test of Which Side Can Endure More Pain
The New York Times – Business: -
Investors Brace for a New Hormuz Blockade Threat
The New York Times – Business:President Trump’s plan to bar ships from entering or leaving Iranian ports has put markets on edge and added to global economic uncertainty.
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Why Employers May Be Wary of Adding Crypto or Private Equity to 401(k)s
The New York Times – Business:A proposed federal rule aims to clear the way for retirement savings plans to include alternative assets. But it may not be enough to protect employers from lawsuits.
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Fallout of War Piles Economic Pain Onto Europe’s Political Stress
The New York Times – Business:Europe is finding itself on the outs with Russia, China and the U.S., in what’s amounting to its very own “Mean Girls” moment.
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European Airports Warn of Jet Fuel Shortages if Strait of Hormuz Remains Shut
The New York Times – Business:An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business:The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
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Trump Administration Returns to Court for Yet Another Tariff Lawsuit
The New York Times – Business:States and small businesses challenged the 10 percent tax on many imports that President Trump imposed after the Supreme Court struck down a previous slate of tariffs.
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David B. Cornstein, Envoy Who Built U.S. Ties to Orban, Dies at 87
The New York Times – Business:A former jewelry-counter magnate, he served in Hungary under his friend President Trump, strengthening relations between the two countries as Orban tilted rightward.
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White House Secures Foreign Steel for Ballroom Project
The New York Times – Business:ArcelorMittal, a European steel maker, is donating tens of millions of dollars of foreign steel for President Trump’s new ballroom.
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Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
The New York Times – Business:Analysts said oil and natural gas energy companies would not quickly restore production unless attacks stopped and ships started moving through the Strait of Hormuz.