Tom Howell Jr.
Articles by Tom Howell Jr.
Trump touts American oil profits as energy crisis rattles markets
President Trump on Thursday said the U.S. could profit from high oil prices but that stopping the "evil" Iranian regime from obtaining a nuclear weapon was far more important to him. Published March 12, 2026
Trump says U.S. will ‘make a lot of money’ from higher oil prices
President Trump said Thursday there is an upside to rising oil prices as a result of the war against Iran -- the U.S. will make money as a major producer. Published March 12, 2026
Middle East conflict is the largest oil disruption ever, IEA says
The International Energy Agency on Thursday said the war in the Middle East is "creating the largest supply disruption in the history of oil markets" as crude prices spiked again and tankers came under fire in the Gulf region. Published March 12, 2026
Trump says ‘We’ve won’ Iran war, predicts oil prices will drop despite economic turmoil
President Trump said Wednesday the war against Iran is turning out to be "easier than we thought" and predicted that soaring oil prices will plummet again, as the conflict threatens to upend his focus on the economy in a midterm election. Published March 11, 2026
Trump on new Iranian leaders: ‘Let’s see what happens to them’
President Trump on Wednesday said the Iran war is turning out to be "easier than we thought." Published March 11, 2026
Trump says ships should still use Strait of Hormuz
President Trump said Wednesday he thinks oil tankers should still use the Strait of Hormuz to get oil flowing to the rest of the world. Published March 11, 2026
Global energy coalition to release 400M barrels of oil to deal with shocks from Hormuz blockade
The International Energy Agency said Wednesday that member countries will release 400 million barrels of oil to alleviate price pressures from the war in Iran. Published March 11, 2026
Inflation holds steady, with prices rising 2.4% on an annual basis in February
Consumer prices grew at an annual pace of 2.4% in February, meaning inflation is holding steady. Published March 11, 2026
White House predicts gas prices will come down rapidly following the Iran war
The White House said Tuesday that gas prices will drop swiftly once President Trump achieves his war aims in Iran. Published March 10, 2026
War in Iran would be ‘catastrophic’ for oil market, Saudi Arabia’s Aramco warns
The CEO of a major Saudi oil exporter said Tuesday the conflict in Iran could have "catastrophic consequences" for energy markets, as President Trump and Tehran officials engaged in a war of words over the Strait of Hormuz choke point. Published March 10, 2026
Trump says other nations have Tomahawk missiles after strike hits school, kills more than 160 people
President Trump on Monday said other countries might have been responsible for firing a Tomahawk missile that hit an Iranian school on the first day of U.S.-Israeli strikes on the Islamic republic. Published March 9, 2026
Markets rebound after Trump suggests war with Iran is nearing completion
The Group of Seven said Monday it would tap strategic oil reserves if necessary after oil prices surged above $100 per barrel, heaping pressure on President Trump to address the economic fallout from his war with Iran. Published March 9, 2026
Australia grants asylum to five Iranian women soccer players over concerns for safety
Australia said Monday it is granting asylum to five members of the Iranian women's soccer team, responding to concerns the players would be harmed if they returned to their home country. Published March 9, 2026
Trump: High oil prices, surging to over $100 a barrel, are ‘small price to pay’ amid Iran war
President Trump says surging oil prices are a short-term problem and a worthwhile sacrifice as the war in Iran causes supply concerns in energy markets. Published March 9, 2026
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. Published March 6, 2026
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. Published March 6, 2026
CBP says it’s struggling to issue tariff refunds fast, proposes a new system
U.S. Customs and Border Protection says it's facing complications complying with a court order to quickly issue refunds for tariffs canceled by the Supreme Court. Published March 6, 2026
U.S. sees unexpected loss of 92,000 jobs in February; unemployment rate rises to 4.4%
The U.S. shed 92,000 jobs during February, a surprising downturn after a positive start to the year that complicates the political picture for President Trump as economic worries rise alongside the Iran war. Published March 6, 2026
Two dozen blue states sue over Trump’s new tariffs
Blue states sued President Trump on Thursday over his latest attempt to impose global tariffs, saying the new batch of levies misapplies a law designed to deal with arcane monetary issues. Published March 5, 2026
Democrats urge businesses to pass tariff refund to consumers
Top Senate Democrats urged large businesses Thursday to pass along a portion of forthcoming tariff refunds to consumers who faced higher prices as a trickle-down effect of President Trump's trade agenda. Published March 5, 2026
