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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Why You Can’t ‘Flick a Switch’ to Get Oil and Gas Flowing Out of the Persian Gulf
The New York Times – Business: -
Oil Prices Plunge and Stocks Surge After Cease-Fire Deal
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business:The group of influential oil exporters also said it was increasing its production quotas, a largely symbolic move.