Back from China, Trump faces decision on whether to resume strikes on Iran. Hackers breach tank readers at US gas stations. Iran suspected—AND MORE

New York Times: President Trump returned from China on Friday facing major decisions on Iran, as his top aides have drafted plans for a return to military strikes if Mr. Trump decides to try to break the impasse with more bombs.

Mr. Trump has yet to make a decision on his next steps, the aides say…

Hackers have breached tank readers at US gas stations; officials suspect Iran is responsible

The cyber intrusions are not known to have caused physical damage or harm, but the breaches have raised safety concerns because gaining access to an ATG could, in theory, allow a hacker to make a gas leak go undetected, according to private experts and US officials.

The sources briefed on the investigation said Iran’s history of targeting the gas tank systems is one reason the country is a top suspect…

Trump’s geopolitical brinkmanship has hit a wall with Iran

During Trump’s visit to Beijing, he mostly refrained from tough verbal attacks on Iran while preoccupied with important relations with China, Tehran’s ally and oil customer.

But some analysts suggested it would be best for Trump, who often speaks publicly and gives impromptu phone interviews to reporters, to tone down his rhetoric for good if he is serious about finding an off-ramp in the conflict…

Trump, Xi Project Hormuz Alignment Despite No Iran Progress

China called for a rapid reopening of the Strait of Hormuz, a goal it shares with the US, though there was no sign of a breakthrough between the superpowers on how to achieve that after President Donald Trump’s trip to Beijing…

How Secret U.A.E. and Saudi Strikes on Iran Shattered an Uneasy Coexistence

The U.A.E. and Saudi Arabia are now trying to re-establish deterrence against an Iranian regime that is less willing to compromise and holds new leverage over rivals with its chokehold on Strait of Hormuz and deep supplies of missiles and drones that are draining the Gulf’s stockpiles of munitions needed to intercept them…

Iran conflict pushes European chemicals industry to breaking point

Woes mount for sector buffeted by high energy prices, weak demand and cheaper Chinese competitors…

The Winners and Losers of Oil’s New World Order

The most consequential effects of the crisis, however, may not be the immediate price spikes around the world but the strategic policy shifts they prompt. 

Just as nations dramatically rethought energy policy after the oil crises of the 1970s, a disruption of this scale will force governments around the world to rethink energy strategy…

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