Gulf states send an SOS to Trump as economic shock deepens
The region is sliding toward recession as energy exports and tourism collapse — a downturn rivaled only by the pandemic
Pax Israeliana for the Middle East
The Trump-Netanyahu tandem closes a century of Western tutelage in the region to impose Israel as a hegemonic power
A day of historic turmoil for the oil markets: barrel drops to $90 after reaching nearly $120
Trump’s statements declaring the war nearly over shake up a high-voltage session
From gasoline to plastic: The oil companies’ business strategy that blocks environmental treaties
Saudi Arabia is leading opposition at the UN to a treaty to curb polymer production that would jeopardize the fossil fuel sector’s plans to offset the decline in gasoline use due to the rise of electric cars
The shadow of Hormuz: Why oil prices are finally reacting to Middle East crisis
Iran’s retaliation for Israeli strikes on Lebanon is raising concerns that the political turmoil could spill over into the crude market
Mideast Starbucks franchisee firing 2,000 workers after being targeted in Israel-Hamas war boycott
Starbucks has found itself alongside other Western brands targeted by pro-Palestinian activists over the war. The company has been trying to counter what it describes as ‘ongoing false and misleading information’
With oil prices slumping, OPEC+ producers weigh more production cuts
AP|
The decision comes amid uncertainty about when the slow-growing global economy will regain its thirst for fuel for travel and industry, and with producers counting on oil profits to bolster their coffers
Oil producers’ cuts could boost gasoline prices, help Russia
Combined with a cut of two million barrels per day announced in October, producers have axed about 3% of the world’s oil supply
Saudis and other oil giants announce surprise production cuts
The move would likely raise oil prices, further straining relations between Riyadh and Washington as the world copes with inflation fueled in part by the war in Ukraine
Senate takes first step toward repealing Iraq War authorization
The push to end that authority comes as the United States marks the 20th anniversary of the Iraq War
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