Countries already walloped by a breakdown of the international trading order, war in Ukraine and chaotic U.S. policymaking are facing potentially lasting economic damage.
Category: United States
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Fallout From Iran War and Oil Shock Deliver Another Blow to World Economy
The New York Times – Business: -
Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The New York Times – Business:The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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Japan and Germany Say They Will Release Oil
The New York Times – Business:Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
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U.S. Gas Prices Jump for 11th Straight Day, and Oil Pushes Higher
The New York Times – Business:Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.
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F.A.A. Briefly Halts JetBlue Departures After System Outage
The New York Times – Business:The Federal Aviation Administration issued a ground stop for JetBlue flights early Tuesday at the airline’s request. JetBlue later said a “system outage” had been restored and that operations had resumed.
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U.S. Solar Installations Fell in 2025 as Trump Attacked Clean Energy
The New York Times – Business:More solar energy was added to U.S. grids than any other technology, but the amount installed fell by 14 percent, according to a new report.
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G7 Countries Hold Off on Releasing Emergency Oil Supplies
The New York Times – Business:Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.
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U.S. Gasoline Prices, Rising Again, Are Now Up 17% Since Conflict Started
The New York Times – Business:Interruptions in oil supplies in the Middle East, source of much of the world’s energy, are trickling down to what American drivers pay when they fill up.
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Ford and G.M. Face a Dilemma as China Excels in Electric Vehicles
The New York Times – Business:General Motors, Ford and other established automakers risk becoming relics if they don’t catch up to Chinese carmakers and technology companies in electric vehicles and self-driving cars.
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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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Banks Are Becoming Bulwarks for Vulnerable Seniors
The New York Times – Business:Older Americans are losing billions of dollars annually to financial exploitation. Banks and investment firms are training employees to spot red flags and stop the transactions.