Tag

Sanctions And Embargoes

All articles tagged with #sanctions and embargoes

Hormuz standoff between Trump and Iran drives oil higher as talks stall
politics1 month ago

Hormuz standoff between Trump and Iran drives oil higher as talks stall

Trump and Iran are locked in a high-stakes standoff over negotiations on Iran’s nuclear program as the Strait of Hormuz remains closed due to the U.S. blockade and Iranian mines/drones, pushing global oil prices to four-year highs and lifting U.S. gasoline costs. Both sides appear confident they can outlast the other as talks stall: Washington seeks tougher Iran restrictions, while Tehran says it could consider opening the strait if negotiations resume.

Iran conflict pushes oil prices higher, tightening belts for small U.S. businesses
economy2 months ago

Iran conflict pushes oil prices higher, tightening belts for small U.S. businesses

Tariffs are rippling through U.S. supply chains even before the Iran conflict, as fears of higher oil and energy costs push prices up. Small businesses across cities like Minneapolis, Atlanta and Chicago are bracing for steeper fuel bills and squeezed margins, raising concerns about margins, cash flow and daily operating costs amid global tensions and policy shifts.

Iranian cargo ships depart China with rocket-fuel precursor amid U.S.-Iran tensions
world2 months ago

Iranian cargo ships depart China with rocket-fuel precursor amid U.S.-Iran tensions

Two Iranian IRISL cargo ships, the Hamouna and the Shabdis, departed a Chinese chemical-storage port laden with cargo experts say is a rocket-fuel precursor, according to Washington Post ship-tracking data, satellite imagery, and Treasury records, a move notable as the U.S. and Iran remain at war and Beijing allows the voyage.