Wright: Trump ‘open’ to suspending gas tax during Iran War price surge
May 10 (UPI) — Energy Secretary Chris Wright said Sunday the Trump administration is “open” to the possibility…
Tanker crosses Strait of Hormuz as U.S. awaits Iran response
In this picture obtained from Iran’s ISNA news agency and taken on May 2, 2026, the Gambia-flagged tanker…
Saudi Aramco Q1 profit jumps 26% as key pipeline reaches capacity
The Saudi Aramco logo is displayed on a mobile phone screen in this photo illustration, as prices fluctuate…
Iran war will change global energy market in these ways, oil execs say
Vessels in the Strait of Hormuz, Musandam, Oman, May 8, 2026. Stringer | Reuters The world’s energy system…
Trump blockade may be forcing Iran to dump oil in Gulf, experts say
US and Iran trade fire in Strait of Hormuz as tensions escalate with ongoing blockade Bill Hemmer and…
ASEAN leaders adopt measures to ease economic pain caused by Iran war | ASEAN News
The bloc currently imports more than half of its crude oil from the Middle East. Published On 8…
Southeast Asia’s leaders confront fallout from Iran war at ASEAN summit | US-Israel war on Iran News
Southeast Asian leaders have gathered in the Philippines to coordinate a joint response to the fallout from the…
Oil prices jump as US, Iran trade fire in Strait of Hormuz | Oil and Gas News
Brent crude rises amid clashes in critical waterway. Published On 8 May 20268 May 2026 Oil prices have…
U.S.-Iran fire exchange rattles fragile Hormuz ceasefire
In an aerial view, a Valero refinery is seen on May 5, 2026 in Corpus Christi, Texas. Brandon…
Major British sports brand confirms 24 sites to shut doors in latest blow to embattled high street
JD Sports Fashion has closed 24 stores across the UK over the past year as the retailer pushes…
Shell CEO says oil market is short 1 billion barrels due to Iran war
The oil market faces a shortage of nearly one billion barrels that will only get worse every day…
Africa sees winners and losers as Iran war pushes up oil prices | Business and Economy News
Eric Wainaina, a motorcycle taxi driver in Nairobi, Kenya, was already bracing for a loss in income when…