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Union reps back East and Gulf Coast dock strike
Representatives of unionized dockworkers this week unanimously supported leadership calls for a strike at U.S. East and Gulf Coast ports if a new contract with employers isn’t reached by Oct. 1. Nearly 300 International Longshoremen’s Association delegates concluded two days of meetings in New Jersey by unanimously supporting International President Harold J. Daggett’s call for a coastwide strike at ports from Maine to Texas on Oct. 1 if a new Master Contract with United States Maritime Alliance employers to replace the current six-year pact is not reached by that time.
Oil Prices Find Support in Trade Talks and Mideast Tensions
Crude oil futures steadied on Monday, supported by a rebound in stock markets and escalating Saudi-Iran tensions.
Global stocks came off six-week lows on optimism that the United States and China are set to begin trade talks, easing fears about a trade war between the world’s two largest economies.
The possibility of a full-blown trade war had weighed on the energy complex on fears that it could harm oil demand.
Brent crude futures LCOc1 were up 9 cents at $70.54 a barrel at 1206 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 eased 5 cents to $65.83.