The world has burned through oil inventories at a record speed as the Iran war throttles…
Tag: Iran
Bahrain, which hosts the U.S. Navy’s Mideast HQ, arrests dozens with alleged links to Iran’s IRGC
A tenuous ceasefire appeared to be holding Saturday after the United States struck two Iranian oil tankers, while…
The Iran war added $500 million in monthly costs to Maersk and it’s struggling not to pass it down
A prolonged war in Iran will bump the odds of inflation while simultaneously forcing a slowdown in…
Iran may have a higher tolerance for economic pain—but 100% inflation in just days hits some items
Iran’s regime has so far withstood U.S. and Israeli bombardment, but the economic forces that sparked…
Gas prices surged past $4, and Americans are driving less, canceling vacations, and budgeting more
The war in Iran has done what once seemed impossible: forced Americans to rethink the idea…
Airfare is up 15%, gas is past $4, and SAP Concur data shows business travel is quietly breaking
Here’s the thing about the gas crisis nobody is talking about: it’s not making companies travel…
Iran war threatens fragile job market
For more than a year, millions of unemployed Americans have faced a labor market stuck in…
Whirlpool has a word for what the Iran War is doing to its industry: recession
Whirlpool has a word for what’s happening to its business. Two, actually, and both of them…
A large oil-shipping terminal will be built in the deepwater Gulf of Mexico with funding from Japan
U.S. petroleum exports are rising to record highs amid the Iran war, and now a little-known…
Iran is setting up an agency to tax ships passing through Hormuz even as it negotiates a peace deal
Iran has created a government agency to vet and tax vessels seeking passage through the crucial Strait…
Shell says profits rise as Iran war boosts trading and oil price
Shell Plc said its profits surged in the first quarter as the Iran war drove oil…
JSE jumps on Iran de-escalation hopes
The JSE All Share Index climbed close to 4% on Wednesday, closing at 119 166 index…
Iran War is hitting low-income Americans the hardest at the gas pump, the New York Fed says
Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices…
Cargo ship crews face attacks waiting the Gulf as Trump pauses two-day-old project to ‘guide’ ships
With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies…
Oil extends decline as Trump says ‘great progress’ in Iran talks
Oil fell a second day as US President Donald Trump said “Great Progress” has been made…
The war with Iran is ‘over’ but the jet fuel crisis is about to begin
ONE BIG THING Jet fuel crisis will hit in June, Goldman warns The world’s oil supply…
Iran war triggers Asian plastic shortage, may spur ‘Middle East plus one’ supply chain rethink
Asia’s oil crisis is quickly worsening into a full-blown material shortage, as falling stockpiles of plastics…
Europe’s jet fuel supplies should fall below the key 23-day shortage threshold in June
Europe is weeks away from crossing a critical threshold that represents a severe and immediate shortage…
Top Africa ports miss refuel gain even as Iran war diverts ships
African ports are capturing only a fraction of shipping rerouted around the continent’s southern tip after…
Gold rises as Trump touts progress with Iran and dollar falls
Gold extended gains after US President Donald Trump touted progress on a final agreement with Iran,…
Tokyo is throwing out its strict office dress code and asking workers to wear shorts amid the war in Iran energy crisis
As the summer rolls in, many dreams of jet-setting vacations are being dashed as fuel prices…
US says Iran ceasefire still in place after clashes over Hormuz
The US played down the prospect of a return to active war with Iran after a…