The prices of diesel and gasoline soared after the Iran war started, piling more hardship on people in Ruatahuna, one of New Zealand’s most remote villages.
A public bus runs once a week between Ruatahuna and the city of Rotorua. It is a cheaper option for the villagers who cannot afford to drive because of high fuel prices.
President Trump’s shifts reflect a political tug of war between hawkish supporters urging him to hit Iran harder and noninterventionists urging him to make a quick deal.
A Russian tanker seemingly en route to Cuba with a lifeline of fuel has changed direction, a painful development for the island suffering under a U.S. oil blockade.
China’s top diplomat also warned against the restarting of hostilities as he met with Iran’s foreign minister. The U.S. has urged China to pressure Iran to reopen the waterway.
Ford Motor has written off $20 billion in electric vehicle investments but says it is forging ahead with an electric pickup that will sell for $30,000 next year.
An industrial policy of subsidies and import restrictions laid the foundations for China to become almost as dominant in wind turbines as in solar panels.
Geely is challenging the giant BYD by adapting quickly to swings in demand and energy prices, seizing on interest in electric vehicles prompted by the war in Iran.
The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.
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