Energy
Trump says Iran ‘not there’ yet in offering an acceptable deal
President Trump says he cannot accept Iran’s latest proposal for making a deal to end the war and alleviate economic pressures from his blockade.
U.S. optimistic the blockade will force Iran to reopen Hormuz
U.S. officials insisted Thursday the economic pressure from the Navy blockade of Iranian ports will force Tehran to reopen the Strait of Hormuz, relieving global economic pressure that has driven up energy prices over the past two months.
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Hassett says Iran’s economy ‘on the ropes,’ hopes Strait of Hormuz will reopen soon
Kevin Hassett, director of the National Economic Council, said he's hopeful the Strait of Hormuz will reopen soon, pointing to the economic stress that Tehran leaders face because of President Trump's blockade.
Trump, Iran trade insults over the Strait of Hormuz as peace talks stumble along
President Trump nettled Iran on Thursday by posting an illustration that relabeled the Strait of Hormuz as the "Strait of Trump."
UAE’s surprise OPEC exit throws a wrench into a U.S.-friendly global oil production machine
The United Arab Emirates' OPEC withdrawal is forcing Washington into a new phase of energy diplomacy -- one that requires direct coordination with Abu Dhabi as the cartel structure the U.S. has relied on for decades unravels.
WATCH: The secret oil deals and drone strikes reshaping the Russia-Ukraine war
As the Middle East crisis chokes global oil supply, Russia is cashing in -- raking in a record $9.7 billion a month in energy revenues. Foreign correspondent Joseph Hammond explains how Ukraine is fighting back.
Democrats investigate as Trump OKs almost $2 billion in taxpayer money to end offshore wind projects
The Trump administration is spending nearly $2 billion to get energy companies to walk away from U.S. offshore wind projects. Democrats in Congress are investigating.
High-level talks begin on moving away from fossil fuels at Colombia conference
High-level talks to accelerate the shift from fossil fuels got underway Tuesday in Colombia's Caribbean city of Santa Marta, where President Gustavo Petro warned the world could "reach a point of no return" without the Amazon's role in regulating the climate.
Gas prices rise to highest point since war’s start; Trump insists Iran in ‘state of collapse’
Gas prices in the U.S. have reached their highest levels since the start of the Iran war, putting intense pressure on President Trump even as he insists that the Islamic republic is on the verge of collapse.
Oil prices jump again as U.S. and Iran struggle to reach peace deal
Oil prices rose again Tuesday as the Trump administration seemed cool to Iran's latest proposal for ending the war.
UAE says it will leave OPEC in major blow to global oil cartel
The United Arab Emirates announced Tuesday it will leave OPEC, the cartel that organizes production among the world's largest oil producers, on Friday.
Croatia, Bosnia sign pipeline deal to reduce dependency on Russia
Croatia and Bosnia signed an agreement Tuesday to build a gas pipeline designed to reduce energy dependency on Russia in the volatile Balkans region.
BP’s profit more than doubles in 1Q as Iran war continues and US gas prices rise
BP's profit more than doubled in the first quarter as the war in Iran continues and the average price for gasoline hit a new high for the year in the U.S.
Venezuela’s leader visits Barbados seeking oil and gas investments
Venezuela's acting president, Delcy Rodriguez, met Monday with Barbados' Prime Minister Mia Mottley and invited her administration to invest in energy production in the South American country.
Colombia climate conference highlights lack of financing for shift from fossil fuels
Lack of financing is one of the biggest barriers to moving away from fossil fuels, officials and experts said at a global conference Monday in Colombia aimed at speeding up the shift from fossil fuels to cleaner energy.
Trump administration to pay 2 more companies to walk away from U.S. offshore wind leases
The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development.
California’s fight over pipeline tests state’s right to push back against Washington during war
Crude oil pumped from the depths of the Pacific Ocean is flowing for the first time in more than a decade through a pipeline that crosses California state park land after the Trump administration defied state officials to restart drilling off Santa Barbara, calling it essential to national security.
At least 16 dead in strikes as Chernobyl anniversary highlights nuclear risks of Russia-Ukraine war
Strikes across Ukraine, Russian-occupied territory and Russia killed at least 16 people, authorities said, as the 40th anniversary of the Chernobyl nuclear disaster prompted fresh warnings about the risks posed by attacks near the plant during Russia's more than four-year invasion of its neighbor.
