A Leaner Saudi Arabia Turns From Grandiose Plans to Pragmatism
A decade after Mohammed bin Salman unveiled his “Vision 2030” program to transform the country’s economy, the kingdom is facing financial strains and reassessing its trajectory.
Oil (Petroleum) and Gasoline
The Iran War Sent Shock Waves Through Asia That Are Likely to Spread
The Asia-Pacific was hit hard and quick by the war in Iran and its energy bottlenecks. Scenes of crisis there indicate that problems are multiplying and spreading.
Messy War, Happy Stock Markets
On the surface, the recent rally doesn’t seem to make sense: Oil prices are high and a peace deal with Iran remains elusive. Here’s what’s going on.
Energy Secretary Says Gas Prices May Stay Above $3 Until 2027
Secretary of Energy Chris Wright’s acknowledgment in a TV interview undercut President Trump’s earlier claim that price increases would be “short-term.”
U.S. Officials Visited Havana to Lay Out Proposals for Cuban Reforms
The delegation told Cuba’s leadership that it had only a narrow window of time to make the economic and political changes demanded by the Trump administration.
Maduro’s Successor Is Purging Allies Who Kept Him in Power in Venezuela
The successor to Venezuela’s captured President Nicolás Maduro is purging the people who kept him in power.
Trump Extends Sanctions Exemption on Some Russian Oil as High Gas Prices Persist
The Trump administration has loosened restrictions on Russian oil exports since the war in the Middle East began to rattle energy markets in March.
Strait of Hormuz Is Open During Cease-Fire in Lebanon, U.S. and Iran Say
Statements from President Trump and Iran aimed to raise confidence in the safety of the waterway, but shipping experts said risks remained.
Iran War Forces America’s Friends in Asia to Court Its Rivals
The severe disruption of oil supplies from the Middle East as a result of the war has prompted South Korea and the Philippines to make deals with Russia and Iran.
The Long-Term Plan to Scrub Carbon From the Sky
Microsoft is pulling back from efforts to remove carbon from the atmosphere. But the nascent industry’s proponents say they are thinking in decades, not years.