Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
Category: United States International Relations
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Japan and Germany Say They Will Release Oil
The New York Times – Business: -
A Trump-Xi Summit Nears, but China Doesn’t Know What Trump Wants
The New York Times – Business:Trump’s agenda for the high-stakes meeting remains unclear to Beijing, Chinese analysts say, while American executives say they haven’t been invited along.
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Trump Directs Iran War Keeping Markets Top of Mind
The New York Times – Business:President Trump again demonstrated his desire to keep the stock markets aloft when he suggested U.S. attacks on Iran could end soon.
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How Trump and His Advisers Miscalculated Iran’s Response to War
The New York Times – Business:In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.
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U.S. Reaches Tentative Deal Ending Prosecution of Turkish Bank
The New York Times – Business:Court papers submitted as part of the agreement with Halkbank, which was accused of doing business with Iranian entities, said Turkey’s assistance “was instrumental” in the Israel-Hamas cease-fire.
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The Bank Trump Is Relying On for Rare-Earth Minerals
The New York Times – Business:The Export-Import Bank is providing a $10 billion loan to Project Vault, an initiative to stockpile critical minerals. The project is the administration’s latest effort to reduce reliance on China.
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Airline Stocks Tumble as Iran War Expands Across Middle East
The New York Times – Business:Higher fuel prices and lower demand for international flights are eating into airlines’ profits.
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Trump’s Tariffs Go Into Effect at 10 Percent, Not 15
The New York Times – Business:The change surprised executives and foreign leaders, who had been expecting the 15 percent rate the president announced on Saturday.