The energy industry is planning for a future where the choke point on Iran’s southern coast is a lot less important.
Category: United States
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Trump Dismisses a Merger While Seeking Suitors for Spirit Airlines
As he rejected the idea of a merger of United Airlines and American Airlines, President Trump said someone, including possibly the federal government, should buy or help Spirit.
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Reopening Strait of Hormuz Would Ease Oil Crisis but Only So Much
Analysts said energy and shipping companies would be reluctant to fully restore operations until they were confident that hostilities were over.
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More Americans Taking 401(k) Hardship Withdrawals
More Americans are taking hardship withdrawals from workplace retirement accounts, prompted by rising costs — and looser rules.
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Oil Prices Fall Sharply After Iran Says Strait of Hormuz Is Open
But analysts said it was not clear how quickly the oil industry in the Persian Gulf would be able to get back to normal.
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European Airlines Face Fuel Shortages Within Weeks
If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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Trump’s Latest Oil Blockade Brings Bigger Economic Risks
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.
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New Rules Hinder Foreign Firms From Moving Supply Chains From China
Multinationals in China are concerned that the regulations could allow authorities to penalize companies and executives for shifting supply chains away from the country.
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The Escalating Global A.I. Arms Race
China, the U.S., Russia and others have ramped up their contest over artificial-intelligence-backed weapons and military systems. The buildup has been compared to the dawn of the nuclear weapons age.