Work starts on a new 2 World Trade Center, 25 years after the attacks
The proposed 2 World Trade Center broke ground in Lower Manhattan, 25 years after the original building was destroyed in the September 11 attacks. The ceremony was a construction start, not an opening. The site and the anniversary were the facts attached to the groundbreaking.
QatarEnergy paused work to restore liquefied natural gas production at Ras Laffan after an LNG carrier was attacked in the Strait of Hormuz, and kept operations at a minimum. The business decision followed the strike on Al Rekayyat. It was an energy pause, not a real-estate story, but it shared the week's economy pages.
Brent and West Texas Intermediate rose at least 5 percent as the Iran war escalated again, to 78.01 and 73.86 dollars. Pakistan's main stock index fell sharply on the same tensions. Prices were moving because of the strait, not because of the New York groundbreaking.
Shipping data showed about 10 Japan-linked ships, mostly managed by Mitsui O.S.K. Lines, using the route Iran had proposed through Hormuz, and a supertanker of Saudi crude headed for South Korea had left over the weekend. That traffic was the commercial counterpoint to the attacks. It did not mean the strait was back to normal.
The World Trade Center start is a built-environment and business event with a clear date relative to 2001. Twenty-five years is the interval stated. Lower Manhattan is the place.
Ras Laffan's pause and the oil-price rise are the war's economic print in the same days. The groundbreaking does not depend on them. It is still part of the week's record of what companies and cities began or stopped.