Tag: International Trade and World Market
Oil Flows Are Up, but Iran Is Still Menacing the Strait of Hormuz
Iran has been launching drones and missiles at commercial ships in the waterway each week, though it has often failed to strike its targets, according to a Western security official.
Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?
Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.
How Middle East Oil Exports Started Recovering
Our business reporter Peter Eavis describes how oil exports from the Middle East have rebounded this month, getting closer to the levels seen before the Iran war.
Why a U.S. Diesel Export Ban May Not Lower Prices
President Trump has said he is considering restricting overseas sales of the fuel to bring down domestic prices, but experts say the policy will have many unintended effects.
How Trump’s Iran War May Sink Republican Midterm Chances
How the president might be supercharging what already looked like a blue wave.
Trump Says He Supports Banning Diesel Exports to Bring Down Prices
Diesel prices have been setting records because of the war in Iran, but the oil industry say banning U.S. exports would not make the fuel cheaper.
As a New Oil Power, China Gains More Sway Over Energy Markets
The war with Iran revealed just how much influence the world’s biggest oil importer has over prices and other countries’ supplies of jet fuel, gasoline and diesel.
Congress Clears Russia Sanctions Bill, Sending It to Trump
The bipartisan measure targets financing for Russia’s war against Ukraine as attacks intensify. It passed the House over the objections of Democrats who opposed handing President Trump new tariff powers.
What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
President Trump recently blamed Ukrainian attacks on Russian refineries for causing a spike in diesel prices, but analysts say the Iran war is probably a bigger factor.
At BRICS Summit, China and India Vie for Influence
China sees the group as a vehicle for challenging American power. India wants to keep the group broad enough to avoid choosing sides.