Trump’s Plans to Boost Weapons Production Might Not Deliver for Years
While the defense industry has announced plans to make more munitions, much of that expanded production will not quickly kick in.
While the defense industry has announced plans to make more munitions, much of that expanded production will not quickly kick in.
Despite the fragile cease-fire in the Middle East, many Africans say they are bracing for tougher times ahead and making difficult decisions about the future.
The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
Oil markets shrugged it off, but the effort to hurt Iran could provoke retaliation that inflicts more damage on energy assets and the global economy.
The war with Iran is preventing huge amounts of oil from flowing out of the Persian Gulf, but the prices that many people track don’t fully capture the scale of the disruption.
The effects of the war in Iran are squeezing consumers, businesses and governments around the world, raising the prices of many essential goods.
Fertilizer prices are climbing as a result of disruptions in the Middle East, putting global food supplies at risk.
Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually ends.
The South Pars gas field, hit by airstrikes on Wednesday, is central to the energy supply of Iran, which was already suffering blackouts before the war.