❌

Reading view

There are new articles available, click to refresh the page.

From Oil to Food, the Iran War Is Squeezing the Global Economy

✇NYT | Top Stories
Patricia Cohen
The effects of the war in Iran are squeezing consumers, businesses and governments around the world, raising the prices of many essential goods.

© Taiwo Aina for The New York Times

A fertilizer plant outside Lagos, Nigeria. Fertilizer shortages driven by the fighting in the Middle East, where crucial inputs are produced, can lead to poorer harvests and higher food prices around the world.

Europe Has a ‘Guns vs. Butter’ Problem. War in Iran Makes It Worse.

✇NYT | Top Stories
Jim Tankersley and Amanda Taub
After decades of prioritizing domestic over military spending, the continent’s leaders are trying to pivot. That is straining national budgets and could anger voters.

© Eric Lalmand/Belga, via Associated Press

A weapons factory in Herstal, Belgium, this year. Most European countries have realized that they need to spend a lot more on guns to reduce their military dependence on the United States.

Drivers Count Their Pennies as Gas Hits $4 a Gallon Because of War in Iran

✇NYT | Top Stories
Audra D. S. Burch， Andy Newman， Edgar Sandoval， Anna Griffin and Pooja Salhotra
Since the Iran conflict began on Feb. 28, gas prices across the United States have increased about 35 percent. They are now above $4 a gallon, and drivers are wincing.

© Gabriel V. Cárdenas for The New York Times

In Harlingen, Texas, and everywhere else, drivers are strategizing about how to stay on the road at a reasonable price.

After Months of Threats, Trump Softens His Stance on Blocking Oil to Cuba

✇NYT | Top Stories
Zolan Kanno-Youngs， Anton Troianovski and Maria Abi-Habib
The White House press secretary said the United States would evaluate oil shipments to Cuba on a “case-by-case basis,” after a Russian tanker full of crude reached the island.

© Agence France-Presse — Getty Images

An oil tanker near the coastline of Matanzas, Cuba, on Monday. The ban on foreign oil imports has plunged the country into a crisis.
❌