And Washington is making it worse.
Iran launched vicious attacks Tuesday on oil-producing Arab neighbors, hoping to drive up oil prices to outlast the United States and Israel. The post Anchored Oil Tanker Hit by Strike as Iran Begins Targeting Some of World’s Most Critical Oil Infrastructure appeared first on The Gateway Pundit.
Jerome Powell resists Trump pressure as policymakers weigh energy shock against a weakening US jobs marketSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Federal Reserve held interest rates steady for the second time this year, a widely expected move amid turmoil in the Middle East and rising energy prices.Fed officials…
The administration laid off people responsible for modeling scenarios like the Strait of Hormuz closure, reporting says.
Israel kept up its campaign of targeting Iran’s leaders and an Iranian offshore natural gas field was struck in a sign of the war’s mounting pressure – from both sides -- on the region's economic lifeblood: energy.
The US central bank is moving cautiously, despite pressure from the president to cut interest rates.
The Iranian government threatened to strike oil and gas facilities in Qatar, Saudi Arabia and the United Arab Emirates (UAE) on Wednesday, in response to an attack on its South Pars natural gas field. Iranian state media warned the country would target Saudi Arabia’s Samref Refiney and its Jubail Petrochemical Complex, as well as the…
President Trump on Wednesday issued a 60-day waiver to the Jones Act, a longstanding shipping law, to ease economic concerns around his war on Iran.
