Energy
Trump administration unveils $20B reinsurance program to help maritime traffic in Middle East
The Trump administration is rolling out a $20 billion reinsurance program for ships that are worried about incurring losses due to the U.S.-Israeli on Iran and retaliatory strikes against oil-rich Gulf states.
Gas hits highest average price since fall 2024; Trump says he’s not worried
Gas prices hit $3.32 per gallon on Friday, the highest point since September 2024, as the Iran war boosts energy costs and threatens to undermine one of President Trump's favorite economic talking points.
Crews in Cuba rush to repair a damaged power plant to ease a blackout
Swaths of Cuba remained without power on Thursday nearly a day after a huge blackout hit the western part of the island in the latest outage blamed on a fragile electric grid and a lack of fuel.
War with Iran is about to hit your wallet — here’s what’s coming at the pump
I'm Susan Ferrechio, senior politics reporter for the Washington Times, and in this video, we're breaking down how war with Iran is threatening to roll back one of the administration's biggest economic wins just as we head into the midterm elections.
Tech companies pledge at White House event to bear costs of data centers
The leaders of several major tech companies met with President Trump at the White House on Wednesday to finalize a pledge to protect Americans from rising electricity bills tied to the power demand of energy-intensive data centers.
Average price for a gallon of gas rises 11 cents overnight to about $3.11 in US, AAA says
The average price for a gallon of gasoline jumped 11 cents overnight to about $3.11 in the U.S., according to motor club AAA.
Market turbulence: Oil rocked as Middle East conflict disrupts global energy supply
Global energy markets were shaken Monday by an escalation of conflict in the Middle East, with U.S. and Israeli attacks on Iran contributing to sharp increases in crude oil and natural gas prices amid concerns about disruptions to key shipping routes and supplies.
Energy prices surge as tanker disruptions and facility shutdowns rattle global supply
Oil prices rose sharply Monday as disruptions to tanker traffic through the Strait of Hormuz raised uncertainty about how U.S. and Israeli attacks on Iran would affect supply to the world economy.
Wall Street opens in negative territory in the first trading day since strikes on Iran
U.S. stocks fell on Monday as fears of a widening conflict in the Middle East took hold, driving oil prices higher.
Iran conflict shakes global energy markets as shipping lanes close, Tehran attacks Gulf refineries
Iran's scattershot response to the weekend's joint U.S.-Israeli military strikes has widened the conflict into a regional crisis that could have long-lasting implications for the world's energy markets.
Federal judge in Texas allows lawsuit against California attorney general over ExxonMobil remarks
A federal judge in Texas has ruled that ExxonMobil can bring a defamation lawsuit against California's attorney general over comments about the company's plastic recycling efforts.
Judge says he will order Greenpeace to pay an expected $345 million in oil pipeline protest case
A North Dakota judge has said he will order Greenpeace to pay damages expected to total $345 million in connection with protests against the Dakota Access oil pipeline from nearly a decade ago, a figure the environmental group contends it cannot pay.
U.S. has received 80 million barrels of oil from Venezuela, Trump says
President Trump said Tuesday in his State of the Union speech that the U.S. has received more than 80 million barrels of oil from Venezuela, a significant uptick from the first few weeks after the U.S. captured Venezuelan leader Nicolas Maduro.
Ukrainian envoy: U.S. raised concerns about strikes aimed at Russia that impacted U.S. oil interests
The U.S. State Department has expressed its displeasure about Ukraine's recent attacks on the Russian port of Novorossiysk on the Black Sea that have impacted U.S. oil interests in Kazakhstan, Kyiv's chief envoy to Washington said on Tuesday.
Northeast U.S. digs out from brutal snowstorm that disrupted flights and canceled school
Neighbors, government workers and a powerful railroad snow-clearing machine nicknamed "Darth Vader" scrambled to dig out much of the northeastern United States from a brutal and -- in some areas -- record-breaking storm that blanketed the region with snow and resulted in thousands of flight cancellations.
Secretary of State Rubio to meet with Caribbean leaders this week amid Cuban energy crisis
Secretary of State Marco Rubio will visit the Caribbean islands of Saint Kitts and Nevis on Wednesday to meet with regional leaders on economic, security and immigration issues.
Supreme Court says it will take up climate change law challenge out of Colorado
The Supreme Court announced Monday it will hear a dispute brought by Colorado communities against oil companies over actions the localities say have caused extreme summer heat waves and temperatures.
Snowfall intensifies in Northeast, with many stuck at home under blizzard warnings and travel bans
Millions of people in New York City and a large swath of the northeastern U.S. were stuck at home under road travel bans and blizzard warnings Monday as heavy snow and strong winds intensified, creating whiteout conditions in the densely populated region.
Hungary threatens to block fresh EU sanctions against Russia over oil deliveries
Hungary threatened to block a new package of European Union sanctions against Russia and stall efforts to help Ukraine until Russian oil deliveries to Hungary resume.
In a first, military airlifts and relocates nuclear reactor to show potential for quick deployment
The Pentagon and the Energy Department for the first time airlifted a small nuclear reactor from California to Utah, demonstrating what they say is U.S. potential to quickly deploy nuclear power for military and civilian use.
