Conflict is forcing producers to slash production and close ports as Iran steps up attacks on energy infrastructure.
Category: US and Israeli Attack on Iran (2026)
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Iran War Causing Largest Ever Oil Disruption, I.E.A. Says
The New York Times – Business: -
Why Oil Prices Surged Even After the Release of Strategic Reserves
The New York Times – Business:Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.
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Pentagon Bars Photographers From Briefings on Iran War
The New York Times – Business:The decision is the latest move by the Pentagon to restrict access inside the department for journalists.
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Countries Scramble to Shore Up Global Oil Supplies as Ships Are Attacked
The New York Times – Business:The United States and Israel launched more strikes against Iran, where crowds mourned military commanders killed in the war. Israel also bombed targets in Lebanon, where the death toll climbed.
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How the Iran War Could Hit Americans’ Wallets
The New York Times – Business:Gas prices are rising, with the cost of food likely to follow. If the conflict drags on, the fallout for consumers could worsen, experts warned.
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Trump’s Actions in Iran and Venezuela Show Limits of U.S. Sanctions
The New York Times – Business:America’s vast economic powers are able to wear down an adversary’s economy but are insufficient to topple leaders on their own.
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At Least 3 Ships Are Struck In and Around the Strait of Hormuz
The New York Times – Business:Three vessels were hit on Wednesday, according to a British maritime agency. The Strait of Hormuz is all but closed as war in the Middle East expands.
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Consumer prices stayed subdued in February.
The New York Times – Business:Consumer price data set for release Wednesday was collected before the Iran war, a conflict that has stoked fresh uncertainty about the economic outlook. .
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Japan and Germany Say They Will Release Oil
The New York Times – Business:Officials in Tokyo and Berlin said they planned to release oil from their strategic reserves to address disruptions of supplies from the Middle East.
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What to know ahead of the latest inflation report.
The New York Times – Business:Consumer price data set for release Wednesday was collected before the Iran war, a conflict that has stoked fresh uncertainty about the economic outlook. .
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Trump Directs Iran War Keeping Markets Top of Mind
The New York Times – Business:President Trump again demonstrated his desire to keep the stock markets aloft when he suggested U.S. attacks on Iran could end soon.
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U.S. Gas Prices Jump for 11th Straight Day, and Oil Pushes Higher
The New York Times – Business:Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was up and stocks in Asia rose.