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Markets cheer as Trump threatens to abandon Strait of Hormuz, leaving oil market in turmoil | Good luck

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Markets cheer as Trump threatens to abandon Strait of Hormuz, leaving oil market in turmoil | Good luck

The stock market plunged on Monday morning after the White House announced that it might not be America’s job to reopen the Strait of Hormuz. The S&P 500 rose more than 1.5%, while the Nasdaq rose nearly 2%. In one night, a Wall Street Journal the report indicated that President Trump would be ready to … Read more

China’s “teapot” oil booms are keeping the economy growing – but rising prices are leaving them in trouble.

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China's "teapot" oil booms are keeping the economy growing - but rising prices are leaving them in trouble.

TThe cities that are the bulwark of China’s energy security, in times of global crisis, can appear deceptively quiet. Oil trucks ply the open roads with little traffic, while a few quaint shops in dilapidated buildings give a hint of a long-forgotten local vibe. The ramshackle noodle shop serving hand-pulled noodles was empty at lunchtime, … Read more