Hormuz Reopening Would Offer Relief for Asia, but Economic Scars Will Remain
For months, Asia has suffered a physical supply crunch that will likely drag on its economies long after the crucial waterway reopens.
Source: New York Times Iran ▾
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Oil Prices Tumble After Trump Announces Deal With Iran
Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz.
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Despite US Help, Little Oil Has Gone Through Strait of Hormuz
President Trump said more than 200 commercial vessels had safely traveled through the strait. That’s still far fewer than before the start of the war.
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OPEC Plus to Boost Oil Production as Ceasefire in Iran Remains Elusive
The cartel’s move to increase output by 188,000 barrels per day is largely symbolic, with vast amounts of the world’s oil stranded by the effective shutdown of the Strait of Hormuz.
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California Businessman Accused of Selling Restricted Technology to Iran
Jamshid Ghomi, of Newport Coast, Calif. , was charged with conspiracy to violate the International Emergency Economic Powers Act.
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U.S. Treasury Imposes Sanctions on Iran’s Biggest Crypto Exchange
The action against Nobitex and several of its executives accused it of helping the government evade sanctions and finance militants.
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Oil Prices Jump as Middle East Tensions Build
Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.
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Trump Threatens Oman Over the Strait, Then Says, ‘They’ll Be Fine.’
President Trump said there would be serious repercussions if Iran and Oman move forward with a deal to open the Strait of Hormuz.
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Oil Prices Fall as Uneasy Truce Holds Between U.S. and Iran
Oil/Stocks/Gas hed
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Deal or No Deal With Iran
A deal to end the current blockade is merely an enticement for the next blockade and the one after that.
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Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy
An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
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Oil Prices Fall on News of Possible Iran Deal
S&P 500 futures were up slightly in what may be a sign that investors and analysts are waiting to see if a deal is finalized.
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Reopening of Strait of Hormuz Still a Question Mark
Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
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The Risks of Iran’s Threat to Control the Strait of Hormuz
Iran is trying to assert its control over the strait by charging for passage. Experts say it is unlikely to happen, but the threat has unsettled the shipping industry.
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Oil Prices Jump on Impasse Over Reopening the Strait of Hormuz
Nearly three months since the fighting began, disagreements remain over the fate of Iran’s uranium stockpile and transit fees for the Strait of Hormuz.
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Which Countries Are Profiting From the Iran War Oil Shock
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
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Maps: How Iran's Oil Exports Are Still Headed Towards China During the U.S. Blockade
The U. S. blockade has intercepted dozens of vessels since mid-April.
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Chinese Firms Plot Secret Arms Sales to Iran, U.S. Officials Say
The effort involves plans to send weapons through other countries in an effort to hide the origins of the shipments.
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An Uncertain World Awaits the Reopening of the Strait of Hormuz
Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.
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How Iran’s Internet Blackout Is Crippling Its Economy, and the Fight Over Fruit-Flavored Vapes
Plus, how everything became a subscription.