Energy in America

Iran warns oil could hit $200 per barrel as U.S.-Israel strikes escalate, potentially triggering the worst energy crisis since 1970s. Gas prices could hit $5.

Inflation held steady in February, though prices for goods like beef and coffee saw notable increases while prices for eggs and smartphones declined compared with last year.

Trump announced a historic $300 billion oil refinery project in Brownsville, Texas, the first new U.S. refinery in nearly 50 years, promising thousands of jobs.

Oil prices surged to the highest level since 2022 amid Iran war concerns, reaching $115 per barrel before falling more than 8% as supply disruption concerns ease.

The Iran war is driving oil shock that may reshape consumer spending patterns as businesses face mounting transportation costs and difficult pricing pressures.

ExxonMobil plans to redomicile from New Jersey to Texas, citing the state's business-friendly legal environment and modernized corporate statutes.

Strait of Hormuz reaches near standstill amid U.S.-Israeli strikes on Iran, forcing global shipping to reroute through Panama Canal as traffic drops.

Hostilities with Iran pose a potential risk for higher inflation as Federal Reserve policymakers monitor the energy price impact ahead of their next meeting to discuss rate cuts.

G7 finance ministers weigh emergency oil reserve release as Middle East tensions send crude soaring above $115, threatening global economic stability.

G7 finance ministers will reportedly discuss a potential coordinated release of emergency oil reserves on Monday as crude prices jump amid the Iran war.

Oil prices surge past $100 per barrel for the first time in nearly four years as the Middle East conflict disrupts crucial shipping routes through the Strait of Hormuz.

Rising tensions with Iran are rippling through global oil markets, sending crude prices sharply higher and pushing U.S. gas prices up at the pump.