Trump will visit Beijing for a summit with Xi on Thursday and Friday. The two leaders have not met in person since October, and a U.S. president has not visited China since Trump met with Xi in Beijing more than eight years ago. The summit comes as the U.S. seeks a permanent end to hostilities with Iran. The Chinese government, which has close ties to the Islamic Republic, ordered companies to disregard U.S. sanctions on Chinese refineries earlier this week. #trump #xijinping #china #tariffs #iran
The bottling up of Middle East oil is giving a lift to U.S. exports, but there are real limits on how much more they can grow. Why it matters: President Trump keeps talking up U.S. exports as the Strait of Hormuz is blocked, and oil and gas exports give America more geopolitical leverage. - But at some point, the limits of its infrastructure — especially Gulf Coast ports and terminals — are likely to put a ceiling on how much more oil the U.S. can export. - And nearer term, higher U.S. shipments can only offset a small amount of the massive drop in Middle East transit. The big picture: The Iran war could redraw the world's oil map, or at least parts of it. - Think Mideast producers building pipelines to avoid the Strait of Hormuz,…
The war in Iran is choking the world's oil supply, and it's impacting travel. European airlines get 75% of their jet fuel from the Middle East, and now they're warning they could be running out. Experts say the United States could be next. NewsNation's Alicia Nieves reports for "Morning in America." Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
The national average for a gallon of gas has surpassed $4, as the conflict in Iran continues to push fuel prices higher. NewsNation's Robert Sherman reports on the latest in the Middle East for "Morning in America." Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
Iranian attacks on significant energy infrastructure and refineries in several Gulf countries pushed oil and gas prices higher in volatile trading on Thursday.
Iranian attacks on significant energy infrastructure and refineries in several Gulf countries pushed oil and gas prices higher in volatile trading on Thursday.
Iran on Wednesday and Thursday released retaliatory strikes on energy sites in several Gulf countries, following Israel's attack on a major Iranian gas field.
On Tuesday’s “Rob Schmitt Tonight,” Peter Navarro discussed the economics surrounding the Strait of Hormuz, the $300 billion oil refinery to open in Texas, and the recent jobs report.
