(Alton Wallace, The Center Square) An unusually large number of crude oil tankers on the open seas has the American Gulf coast as a destination as the ships are redirected to load cargoes bound for markets around the world already experiencing shortages.
Second-term Republican President Donald Trump said Saturday on...
(Headline USA) Oil prices are back above $100 per barrel, and stock markets are falling worldwide Monday after 21 hours of ceasefire talks between the United States and Iran failed to end their war.
But the moves are more modest than many of the extreme swings that have rocked financial...
(Kyle Anzalone, Libertarian Institute) President Donald Trump warned Americans that gas prices may continue to increase through the midterm elections later this year. The war against Iran has caused substantial disruptions to the oil market.
When asked about the possibility that gas prices will continue to increase, the President said,...
(Headline USA) President Donald Trump on Sunday said the U.S. Navy would swiftly begin a blockade of ships entering or leaving the Strait of Hormuz, after U.S.-Iran ceasefire talks in Pakistan ended without an agreement.
U.S. Central Command announced that it will blockade all Iranian ports beginning Monday at 10 a.m....
(Headline USA) Artemis II’s astronauts closed out humanity’s first lunar voyage in more than half a century with a Pacific splashdown on Friday, blazing new records near the moon with grace and joy.
It was a dramatic grand finale to a mission that revealed not only swaths of the lunar far...
(Headline USA) Soaring gas prices are expected to produce a spike in inflation when the government reports consumer prices for March on Friday, likely unnerving the inflation fighters at the Federal Reserve and heightening the political challenges of rising costs for the White House.
Inflation probably rose to 3.4% in...
(Liam Hibbert, The Center Square) California gas prices climbed as high as $6 a gallon as oil prices skyrocketed ahead of President Donald Trump's deadline on Iran to reopen oil trade routes in the Strait of Hormuz.
Prices rose in the Southwest before Trump on Tuesday evening announced a two-week...
(Merrilee Gasser, The Center Square) Drivers in Florida have gas prices above $4 per gallon for the first time in four years with crude oil prices rising almost 60% since the Iran conflict began, AAA says.
Second-term Republican President Donald Trump put out a strongly worded warning on social media...
(Andrew Rice, The Center Square) U.S. small businesses reported reduced spending and hiring amid concerns over military strikes against Iran and looming inflation data, according to a new report.
The U.S. Chamber of Commerce found business owners across the country are slightly more concerned about the health of their businesses...
(Headline USA) Most travelers flying with United Airlines will pay $10 more to check their luggage beginning on Friday, as higher jet fuel costs driven by the war in the Middle East push another major U.S. carrier to increase fees.
The first piece of checked luggage will now cost customers...
(Sarah Roderick-Fitch, The Center Square) Just over a month after Operation Epic Fury began, President Donald Trump Wednesday proclaimed U.S. strikes on Iran are nearing completion, while telling allies to step up defense of the Strait of Hormuz, a critical oil and gas passageway.
During a nearly 20-minute address from...
(Headline USA) Stocks are dropping and oil prices are soaring after President Donald Trump vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East. The S&P 500 fell 1.2% and the Dow sank 600 points and...