Trump Winds Down the War He Started With Goals Unmet
While the president says the agreement with Iran would open the Strait of Hormuz and provide economic relief, the country’s nuclear program is still a subject for negotiation.
While the president says the agreement with Iran would open the Strait of Hormuz and provide economic relief, the country’s nuclear program is still a subject for negotiation.
The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.
The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.
The Yemeni militia group, which is backed by Iran, said it would impose a partial blockade in the waterway, a move that would further strangle supply routes and aggravate the conflict in the Mideast.
The Organization for Economic Cooperation and Development, in a report, said the Middle East war’s consequences “are likely to be felt for some time.”
Over the past two decades, Iran repeatedly threatened to close down the waterway. President Trump underestimated Iran’s ability to do so.
In New Delhi, Secretary of State Marco Rubio tried to explain why President Trump has pushed aggressive trade and immigration policies affecting India and Indians in the United States.
In any new round of fighting, Iranian officials could adopt new tactics, including intensified strikes on neighbors and trying to close off a second strait.
Iranian attacks and the stoppage of seaborne transit have paralyzed Qatar’s vital gas exports, stalling the economic pivots intended to anchor the country’s growth.
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.