Category: United States International Relations

Bessent Backs Financial Support for Oil-Rich U.A.E.

The New York Times – Business:
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
U.S. Considers Financial Support for Oil-Rich U.A.E.

The New York Times – Business:
President Trump acknowledged that the Gulf state has incurred significant damage during the war with Iran.
Strait of Hormuz May Not Return to Normal, Whether It’s Open or Closed

The New York Times – Business:
The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much

The New York Times – Business:
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open

The New York Times – Business:
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
What’s Driving the Wartime Stock Rebound

The New York Times – Business:
The S&P 500 has recouped all its losses since the Middle East war started on Feb. 28, as a bullish “vibe shift” takes hold among some investors.
Trump’s Latest Oil Blockade Brings Bigger Economic Risks

The New York Times – Business:
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
Iran Blockade Sets Up a Test of Which Side Can Endure More Pain

The New York Times – Business:
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.
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.
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.
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.
Is the Strait of Hormuz Reopening? What to Know Under Iran-Cease Fire.

The New York Times – Business:
Vessels are wary of passing the coast of Iran in the strait, given the fragile agreement, and the number of ships traveling through it has even dropped.