Tag: Persian Gulf
Trump’s Retreat: From the Gulf to Britain, American Forces Pull Back
A war that was intended to demonstrate the reach of American power has now done the opposite. It is a lesson in unintended consequences.
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.
Mideast Oil Exports Rebound Even as Prices Remain Elevated
More tankers are moving through the Strait of Hormuz as shippers gain confidence, but the global supply of oil is still below demand.
Iran Still Awaits ‘Official’ U.S. Response Despite Trump’s Rebuff of Cease-Fire Offer
Abbas Araghchi, Iran’s foreign minister, said a history of contradictory messaging meant that President Trump’s rejection might not be a final position.
Trump Set to Meet With Persian Gulf Allies as Middle East Wars Widen
The Iran war and the fight between the Houthis and Saudi Arabia in Yemen have forced Gulf Arab states to reckon with spiraling conflicts and to reassess U.S. security guarantees.
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.
Saudi Arabia Faces ‘Worst-Case Scenario’ After Being Rebuffed by Trump
The kingdom is in a state of strategic shock after coming under attack from an emboldened Iran and failing to win more U.S. military support, analysts say.
Saudi Arabia’s Oil ‘Lifeline’ Was Attacked. Here’s What to Know.
A drone attack from Iraq forced Saudi Arabia to close its East-West pipeline, the kingdom said, threatening a key workaround to Iran’s Persian Gulf blockade.
Iran Signals Readiness to Escalate War With U.S. Amid Rising Economic Pressure
The Iranian government is taking an increasingly aggressive approach as it confronts a growing economic threat and worries that its grip on the Strait of Hormuz is slipping, analysts say.
Iran’s Attacks Keep the Strait of Hormuz in a Lethal Stalemate
The U.S. military is helping oil get out of the Persian Gulf on tankers, but Iran is still attacking the ships and scaring operators away.