Some wells can be turned on in days or weeks, but bringing the Gulf’s energy system back to something akin to normal will take months.
Category: US and Israeli Attack on Iran (2026)
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Oil Prices Plunge and Stocks Surge After Cease-Fire Deal
Markets reacted positively after the United States and Iran reached a last-minute cease-fire agreement.
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How China Built Its Vast Natural Gas Stockpile
Natural gas is hard to store, but China has found a way to do it, while also developing alternate suppliers and expanding production at home.
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To Boost Military Budget, Trump Targets Popular Programs at Home
Amid the war with Iran, the president has proposed to scale back some of the very programs meant to ease families’ financial burdens.
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Delta, WestJet and Other Airlines Announce Higher Baggage Fees and Fuel Surcharges
American and Canadian airlines, squeezed by surging fuel costs from the war in Iran, are adding “sticky” new bag fees and surcharges, on top of higher fares.
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Markets on Edge as Trump’s Iran Ultimatum Looms
Oil prices are rising and stocks are selling off as investors fret that the president will carry out his threats to “decimate” Iran.
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Oil Prices Jump as Trump’s Deadline for Deal Draws Near
President Trump’s Tuesday evening deadline for a deal approached after he rejected a cease-fire proposal as “not good enough.”
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A New Oil Shock Accelerates Return to Nuclear Power
Shocks to natural gas supplies are spurring countries in Asia and elsewhere to rethink their rejection of nuclear energy after the 2011 disaster in Fukushima, Japan.
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Jamie Dimon Cites Risks From War, Private Credit, Inflation and More
In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, said investors and businesses faced a series of challenges.
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This Is Not China’s War, but Beijing Started Preparing for It Years Ago
Long concerned about geopolitical crises, China redoubled efforts to secure energy security when President Trump started raising the stakes in his first term.
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OPEC Plus Warns of Slow Recovery After War in Iran
The group of influential oil exporters also said it was increasing its production quotas, a largely symbolic move.