It might be hard to imagine the Iran war weighing on stuffed toys with names like Snuggle Glove, Bizzikins and Wobblies, but even plush playthings aren’t immune when oil shipments from the Middle East are constrained. Like many soft toys, the creatures developed by a manufacturer in Fort Lauderdale, Florida, are made with polyester and … Read more
Gas prices remain above $4 amid lingering questions about the status of the Strait of Hormuz. Patrick De Haan, the head of petroleum analysis at GasBuddy, joins “The Daily Report” to discuss. Source link
Gas prices remain above $4 amid lingering questions about the status of the Strait of Hormuz. Patrick De Haan, the head of petroleum analysis at GasBuddy, joins “The Daily Report” to discuss. Source link
The Strait of Hormuz sees roughly 20% of the world’s oil flow through it, and tankers are stalled on both sides of the narrow chokepoint amid suspected Iranian drone attacks, rattling oil markets. Mike Sommers, president and CEO of the American Petroleum Institute, joins “The Takeout” with analysis. Source link
With oil exports through the Strait of Hormuz halted, the International Energy Agency is meeting with G7 countries about whether they should tap their strategic petroleum reserves. CBS News reporter Kati Weis is following the debate. Source link
Gas prices are surging across the U.S., with motorists paying about 20% more per gallon than before the start of the U.S. war with Iran. Experts say one option that could help tame prices at the pump is tapping the Strategic Petroleum Reserve, the nation’s emergency oil stockpile designed to cushion supply shocks. The average price per … Read more
Biden’s unprecedented oil drawdowns damaged U.S. storage sites. Source link