Source: JP Morgan via Marketwatch In normal times, about 20 percent of the world’s oil production passes through the Strait of Hormuz. That flow has been cut off except for Iranian oil and a few other ships that the Iranians allow through. This disruption has led to a significant increase in oil prices in the … Read more
The war in Iran has continued for almost four weeks without a clear end and with the price of oil above $100 a barrel, many Americans feel the impact when they fill up their car or get their heating bill. This week, Larry Fink, Chairman and CEO of BlackRock, shared his views on the Iran … Read more
The best POLITICO stories selected by Senior Executive Editor Kate Day. Discover the most influential stories in Europe and beyond. About KATE DAY VOTER WINNER Iran war threatens global collapse, Finland’s Stubb warns Unique: Finnish President Alexander Stubb, a one-time golfing buddy of Donald Trump, does not hide his unusually dismal assessment of the American … Read more
The best POLITICO stories selected by Senior Executive Editor Kate Day. Discover the most influential stories in Europe and beyond. About KATE DAY VOTER WINNER Iran war threatens global collapse, Finland’s Stubb warns Unique: Finnish President Alexander Stubb, a one-time golfing buddy of Donald Trump, does not hide his unusually dismal assessment of the American … Read more