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.
Category: United States
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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.
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Iran War Drives Deeper Oil Shock Than Prices Reveal
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.
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How Airlines Turned First-Class Seats From Freebies to a Profit Engine
Airlines used to give away most of their nicest seats, but they have increasingly found ways to persuade people to pay a lot for them.
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America’s Furniture Stores Struggle to Survive a Frozen Housing Market
Retailers are going bankrupt and liquidating as record-low housing turnover leaves fewer customers looking to furnish homes.
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Oil Prices Fall, but Energy Firms Remain Frozen After U.S.-Iran Deal
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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Amazon and U.S. Postal Service Reach New Deal on Deliveries After Year of Talks
Amazon will cut the volume of packages it ships through the Postal Service by 20 percent under a tentative new deal that will preserve a crucial source of income for the agency.
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After Iran Cease-Fire, Ship Traffic in Strait of Hormuz Remains Throttled
A handful of vessels have crossed the crucial waterway since the U.S.-Iran truce began, but shipowners, insurers and others are wary of safe passage.
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Delta Expects Strong Profit Despite Higher Fuel Costs
The airline said demand for tickets remained very strong despite the effects of the war in Iran.