NEW YORK (AP) – The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide. And in the U.S., drivers are now facing the highest prices they’ve seen at the pump in about two and a half years.
WASHINGTON (AP) – U.S. companies will be allowed to do business with Venezuela’s state-owned oil and gas company after the Treasury Department eased sanctions, with some limitations, on Wednesday as the Trump administration looks for ways to boost world oil supplies during the Iran war.
FRANKFURT, Germany (AP) – Iran’s state media said Wednesday that Israel attacked its South Pars gas field – the largest in the world and one that is shared with Qatar to the south across the Persian Gulf. Facilities associated with the gas field near Asaluyeh on Iran’s Gulf coastline were on fire on Wednesday, state media reported.
Excerpts from recent editorials in the United States and abroad:
BISMARCK, N.D. (AP) – Tennessee farmer Todd Littleton expects to pay $100,000 more for fertilizer this season, a 40% spike from his bill last year thanks to the war in Iran – and he is scrambling to cover that extra cost.
SAN FRANCISCO (AP) – Closing arguments kicked off Tuesday in a trial pitting Elon Musk against Twitter shareholders who say the world’s richest man engaged in a pattern of deceptive behavior that misled investors as he attempted to back out of his $44 billion deal to buy the social media platform in 2022.
NEW YORK (AP) – Amazon said Tuesday that it has started offering faster U.S. deliveries of selected products for a fee, including pantry staples, clothing, over-the-counter medications, cleaning supplies and electronics.
BANGKOK (AP) – The escalating war with Iran is pushing parts of the world into energy triage, forcing governments to choose where to cut demand or absorb costs, while prioritizing dwindling supplies. Asia is the most exposed since it relies heavily on imported fuel, much of it shipped through the now-blocked Strait of Hormuz.
Nvidia CEO Jensen Huang on Monday elaborated on his vision for keeping his company at the forefront of the artificial intelligence boom that he predicted will produce a $1 trillion backlog in orders within the next year.