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.
Category: United States Politics and Government
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Iran War Drives Deeper Oil Shock Than Prices Reveal
The New York Times – Business: -
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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TSA Lines Are Shorter. The World Cup and a Lengthy Shutdown Could Change That.
The New York Times – Business:Security lines are shorter, but the shutdown continues and pay is unresolved. With the World Cup around the corner, T.S.A. agents are tempering their expectations.
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Trump’s Changes Lock Some Employers Out of H-1B Visa Program
The New York Times – Business:Since imposing a $100,000 fee on new visas in September, the Trump administration has upended the skilled worker program.
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Labor Secretary Faces Civil Rights Complaints From Department Staff
The New York Times – Business:Three employees described a hostile work environment under Labor Secretary Lori Chavez-DeRemer.
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White House and Crypto Industry Fight Bank Lobby Over Stablecoin Income
The New York Times – Business:The Trump administration backed a proposal for stablecoin issuers to offer yield to investors.
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Volkswagen to End E.V. Production at Tennessee Plant
The New York Times – Business:The German carmaker is the latest to scale back plans for electric vehicles in favor of gasoline models.
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I.M.F. Says Iran War Will Drag Global Growth Lower
The New York Times – Business:Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
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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.
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Jeff Shell Steps Down as President of Paramount
The New York Times – Business:Mr. Shell, the former C.E.O. of NBCUniversal, is leaving after becoming entangled in a legal battle with a professional gambler, R.J. Cipriani.
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Delta Expects Strong Profit Despite Higher Fuel Costs
The New York Times – Business:The airline said demand for tickets remained very strong despite the effects of the war in Iran.