World
Trump lifts sanctions on Iran, undercutting China as American energy prices begin to easeThe Treasury Department announced Monday that it issued a temporary license authorizing Iranian oil sales in a move analysts told The Lion hinders China, while the U.S. still skirts forecasted… Read More
World
Analysis: Why the world’s largest-ever oil supply disruption hasn’t resulted in catastrophe; 2022 price spike remains intactAs the U.S. and Iran near a peace agreement, energy analysts note the world’s largest oil supply disruption failed to shatter previous records, including $5 per gallon average gas costs in the U.S. in 2022. The conflict in the… Read More
World
‘Let the oil flow!’: Trump announces diplomatic breakthrough with Iran(Daily Caller News Foundation) – President Donald Trump on Sunday announced a breakthrough in diplomatic negotiations with the Islamic Republic of Iran, marking the most significant development of the 68-day… Read More
Opinion
Energy giants warn another oil price spike coming soon(Daily Caller News Foundation) – Leading executives at ExxonMobil and Chevron sounded an alarm during a recent Bernstein conference: Global oil inventories are plunging to dangerously low levels, setting the… Read More
Culture
JetBlue says jet fuel will get even more expensive as Iran war continues(Daily Caller News Foundation) – JetBlue hiked its second-quarter forecast for jet fuel prices on Monday amid the Strait of Hormuz’ continued closure, Reuters reported. The airline’s June 1 Securities… Read More
World
Kneecapping ‘evil empire’ more important than keeping oil costs down, Trump saysPresident Donald Trump said Thursday that preventing Iran from obtaining a nuclear weapon is a higher priority than keeping oil prices down, warning that the American adversary could end up… Read More
World
Iran threatens $200 oil as attacks mount near Strait of HormuzThe U.S. military is moving to counter Iran’s threat to shut down the Strait of Hormuz, a chokepoint that handles roughly 20% of the world’s crude oil shipments. The… Read More
World
War in Iran shocks markets, costs U.S. taxpayers $1 billion a day(The Center Square) – The escalating war in Iran has already rattled global markets and driven oil prices to their highest levels since April 2024. If the conflict persists, the… Read More