President Trump has suggested providing escorts for stranded tankers. A mine strike on a U.S. frigate in the Persian Gulf shows the perils of doing so.
Category: US and Israeli Attack on Iran (2026)
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What Happened After a U.S. Warship Hit an Iranian Mine in 1988
The New York Times – Business: -
Cheap Drones Remain Wild Card in Iran war
The New York Times – Business:Stopping Iran’s production of drones is critical to opening the Strait of Hormuz and halting its attacks on Gulf nations. But can it be done?
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Oil Prices Tumble 6% as Trump Shows Eagerness to Talk to Iran
The New York Times – Business:Investors reacted to signals of possible de-escalation of the war in the Middle East.
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Iran Says ‘Non-Hostile’ Ships Can Sail Through the Strait of Hormuz
The New York Times – Business:Ships with no ties to Israel or the United States would be allowed to pass, the government said, but it was unclear if any vessels would try.
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War in Iran Is Disrupting Air Travel, Hitting Middle East Hardest
The New York Times – Business:Some airlines and travelers, especially in the Middle East and elsewhere in Asia, are bearing the brunt of the pain, while others are doing better.
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Investors Question Whether Quick Peace in Iran Is Possible
The New York Times – Business:Global markets are under pressure again amid doubts that the fighting in the Middle East can end anytime soon.
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Oil Prices Rise a Day After 10% Plunge
The New York Times – Business:President Trump had set off a drastic market reaction on Monday by backing away from a threat to strike Iranian energy infrastructure.
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For Western Oil Companies, War in Iran Means Bigger Profits, and Risks
The New York Times – Business:American and European oil and gas companies are expected to earn a lot more as prices surge but are worried about the future.
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China Eases Planned Increase to Gas Prices for 300 Million Drivers
The New York Times – Business:In China, where half of new cars are electric vehicles or hybrids, a vast population still depends on gas. The government stepped in on Monday to “mitigate” the pain of surging costs.
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Markets Rally as Trump’s Iran Deadline Is Deferred
The New York Times – Business:Stock futures rose and oil prices fell after President Trump cited “very good and productive” talks with Iran over ending the war.