Business
Trump’s War on Iran Threatens to Drive Up Oil Prices and Inflation
U.S. and Israeli strikes against the Iranian regime and military threaten to upend the global oil market and send shock waves through the world economy.
The government of Qatar, one of the world’s biggest exporters of liquefied natural gas, urged shipowners to suspend maritime activities. Dozens of tankers diverted from the Persian Gulf in the early hours of the conflict. The U.S. Navy advised tanker companies to avoid nearby waters because it couldn’t guarantee their safety, according to an alert from an industry body.
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