Press Digest: New York Times business news - April 20

LVMH Moet Hennessy Louis Vuitton SE

20/04/2026 08:01

April 20 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- High-end brands such as Louis Vuitton LVMH.PA and Hermès HRMS.PA are now looking to other regions as sales in Persian Gulf nations plummet after early two months of war.

- U.S. Energy Secretary Chris Wright said gasoline prices in the United States had probably peaked but acknowledged that they could remain elevated for months.

- Oil prices rose to $96 a barrel after the U.S. attacked and seized an Iranian cargo ship.

- A U.S. Navy destroyer in the Arabian Sea repeatedly warned an Iranian-flagged cargo ship to stop over a six-hour period on Sunday before firing on the ship's engine room and disabling it, U.S. Central Command said in a statement.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))