How the Iran War Is Morphing Into a Volatile Standoff in the Strait of Hormuz
The conflict has morphed into a volatile standoff in the Strait of Hormuz, as the economic costs mount and President Trump faces a political backlash at home.
Oil (Petroleum) and Gasoline
Trump Administration Nears Loan Deal to Rescue Spirit Airlines
The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years.
Bessent Backs Financial Support for Oil-Rich U.A.E.
The Treasury secretary said that currency swap line would benefit both the United Arab Emirates and the United States.
Exxon and Chevron Report Lower Profits While Girding for Tariffs
President Trump’s trade policies have helped to push down oil prices while raising the costs of materials for oil and gas companies.
U.S. Payoff for Ukraine Minerals Deal Faces Many Hurdles
The agreement could provide a windfall to the U.S., but the resources will be expensive to extract, and any progress is unlikely while the war rages.
U.S. Gas Industry Pushes Back on Trump Shipbuilding Rules
The main oil and gas trade group wants the Trump administration to reconsider maritime rules released in April that would require it to use some U.S. ships to transport liquefied natural gas.
Trump Threatens Climate Policies in the States
After halting federal attempts to combat global warming, President Trump is now targeting efforts by states to reduce greenhouse gases, setting up a legal clash.
Oil Prices Tumble as China-U.S. Tariffs Weaken Economic Confidence
The slide in crude prices signals deteriorating confidence in the strength of the economy.
Oil Executives Refrain From Publicly Criticizing Trump or His Tariffs
Eager to stay in Mr. Trump’s good graces, oil executives refrain from publicly criticizing the president. But privately, ‘Everyone’s afraid.’
Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook
Crude oil now costs around 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.