More Tankers Come Under Attack as US-Iran Conflict Spreads in the Region
(Reuters) – More tankers came under attack in Gulf waters on Thursday as the U.S.–Iran war escalated, and Iranian drones entered Azerbaijan, threatening to spread the crisis to more oil…
Energy Dominance Won’t Stop US Fuel Costs Pushing Higher
By The Iran war may be happening on the other side of the world, but US consumers are already starting to see the effects. Get the Latest US Focused Energy…
US Diesel Hits $4 Per Gallon as Fuel Costs Rise Amid Escalating Middle East Conflict
Reuters Prices for diesel, used mainly in manufacturing and freight, have been on a tear since Iran began retaliating against U.S. and Israeli strikes on the country by bombing energy…
Americas Heavy Crude Prices Hit Multi-Year Highs as Iran Conflict Disrupts Oil Markets
Prices for heavy crude produced in the Americas surged to multi-year highs on Wednesday, as the U.S.-Israeli attacks on Iran stymied exports of similar oil produced in the Middle East.…
NO TAKERS: Oil Companies Shun Trump Administration’s Alaska Offshore Auction
(Reuters) – Oil and gas drillers failed to show up at the Trump administration’s sale of more than 1 million acres (404,686 hectares) in Alaska’s Cook Inlet on Wednesday, declining…
India Seeks US Marine Cover for Middle East Energy Cargoes, Source Says
(Reuters) – India is in talks with the United States to secure marine cover for vessels shipping oil from the Middle East, as New Delhi seeks to shield buyers from…
Insurance Broker Marsh Meets US Officials on Restoring Gulf Maritime Trade Amid Iran War
(Reuters) – Insurance broker Marsh McLennan said on Wednesday it had met with U.S. officials to explore solutions for restoring maritime trade amid escalating fighting in the Middle East, as…
US Crude Stocks Climb to Near 1-Year High as Exports and Imports Fall, EIA Says
(Reuters) – U.S. crude stocks rose to their highest level since May 2025 last week, the Energy Information Administration said on Wednesday, as exports and imports declined. Crude inventories rose…
US Treasury Secretary Bessent Says Oil Market Well Supplied Amid Iran War
(Reuters) – U.S. Treasury Secretary Scott Bessent said on Wednesday that crude oil markets are well supplied amid the U.S.-Israeli war in Iran, and that the U.S. plans to make…
Trump’s Hormuz Shipping Plan is too Little, too Late in Race to Avert Energy Shock: Bousso
By Ron Bousso U.S. President Donald Trump’s current plan to revive shipping through the Strait of Hormuz via financial guarantees and security assistance will require a Herculean international effort. Get…
