The Treasury Department accused Banque Misr’s branches in the United Arab Emirates of helping Iran. The Emirati central bank promised an examination.
Category: US and Israeli Attack on Iran (2026)
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Oil Giant Chevron Is Said to Be in Talks to Expand in Venezuela
The New York Times – Business:Chevron, the second largest U.S. oil company, is building on its wager to remain in Venezuela, where it already accounts for about a quarter of the country’s oil production.
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How 6 Months of War in Iran Jolted Oil, Gas, Stocks and More
The New York Times – Business:How markets have moved six months into the war, and where they might be headed in the future.
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Why These Giant Storage Tanks Increasingly Hold Very Little Oil
The New York Times – Business:Oil companies and governments are consuming their once vast stockpiles as Iran and the United States continue to struggle for control over the Strait of Hormuz.
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Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers
The New York Times – Business:The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers
The New York Times – Business:The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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Under Threat, Saudi Arabia Reroutes Oil Exports Yet Again
The New York Times – Business:Forced away from the Strait of Hormuz in the Persian Gulf, the Saudis turned to the Red Sea. Now they are relying on a less dangerous but more complicated detour via the Suez Canal.
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Iran Cracks Down on One Luxury Left to Its Youth: Coffee Shops
The New York Times – On the Runway:In recent weeks, the police have closed dozens of cafes, often citing laws that stipulate women must veil in public. Experts say the closures are part of an effort to control public space.