Tag: Oil (Petroleum) and Gasoline
Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady
Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
Why Easing Sanctions on Russian Diesel Is Unlikely to Lower Fuel Costs
President Trump’s deal with Russia will probably not lower diesel prices that have soared because of his war with Iran and Ukrainian attacks on Russian refineries.
Oil Prices Rise as Iran Steps Up Attacks and Fighting Intensifies
In a volatile moment for energy markets, more vessels are being hit while transiting the Strait of Hormuz, while the Houthis and Saudi Arabia traded attacks.
Chip Stocks Tumble on A.I. Spending Fears and Rising Chinese Competition
South Korean stocks tumbled in particular, as reports of a breakthrough by a Chinese chip rival heightened concerns about competition.
Saudi Arabia Faces More Attacks as It Reels From Airport Strikes
The Saudi authorities said they were fending off drone and missile attacks after a weekend of confrontation with the Houthi militia in Yemen, whose patrons Iran offered to mediate.
Iran Offers to Mediate Between Its Houthi Allies and Saudi Arabia
Iran has long backed the Houthis, a Yemeni militia, and it made the offer as Saudi Arabia contends with increasingly deadly attacks from them.
World’s Energy Order Tested Again as Iran War’s Reach Extends Further
“We are entering an age of prolonged insecurity,” one former U.S. energy official said of what have become chronic threats on the Middle East’s energy core.
Saudi Arabia Has Few Options as Houthis Aim at Heart of Its Ambitions
Three deadly attacks by the Iran-backed Houthis in Yemen on an airport in the Saudi capital underscored the asymmetrical nature of their conflict with the kingdom.
Trump Says U.S. Will Not Strike Iran Again Before Midterms as Military Draws Up New Plans
The U.S. military has drafted options for three days of strikes, but in recent months the president has repeatedly vetoed plans to restart the war.
Oil Prices Jump on Outburst of Violence in the Middle East
Attacks on ships around the Strait of Hormuz have continued as a war between Saudi Arabia and the Houthi militia intensified.