Trending News: Spain redirects €211m in IPCEI funds to BP-Iberdrola hydrogen plant expansionHynfra mulls large-scale Philippines green hydrogen-based ammonia plantIs the global urban data centre pact workable?Russian helium complex targeted in Ukraine drone strikeRussian helium complex targeted in Ukraine drone strikeChina fast tracks domestic helium storage bank to secure supply as costs surgeSpain’s H2Site completes €42m funding roundQatar Adds Momentum to Mideast Oil Trade ReboundABB flowmeter certification boosts industry safetyVideo | Protecting patient data in the age of connected healthcareAI could cut LNG production costs by $80bn a year by 2050Sinopec awarded FEED contract for huge Uzbekistan e-fuels projectEuro Sinks To One-Year Low As Oil Price Drop Fuels ECB Rate Cut BetsMoscow Refinery May Stay Offline Until 2027Rosneft Proposes Oil Firms to Refine 30% of Crude in Russia to Ease Fuel CrunchAir Liquide to build two nitrogen units for Silleno plant in KazakhstanIrish developer eyes exclusive rights to manufacture CPH2 electrolysersArc3 Gases brings helium purifier online in VirginiaRubio on Gulf Tour as Allies Sceptical About Iran Deal Seek AnswersU.S. Crude Stocks at Cushing Hit Near 12-Year Low, Fuel Inventories Rise, EIAIran, Oman to Coordinate Hormuz TransitsAdani Targets 10 GW Nuclear Power Capacity in India by 2035UK Climate Panel Urges Faster Electrification to Lower Energy BillsVLCC Earnings Near $470,000 a Day as Hormuz Hopes Drive Tanker FrenzyOil Extends Losses on Expectations of Smoother Crude Flows via HormuzUS CFOs in Survey Say Firms Mostly Absorbed Oil Price ShockGlobal Physical Crude Markets Mired in Discounts as Middle East Ramps Up SupplyCarbonX CO2 electrolysis prize fund winner plots scale up timelinesITM, Gore eye 80,000-hour PEM life with ultra-thin membraneAnalysis: Will Australia become a force in helium?US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the SlackTrump Orders Gas Price Gouging ProbeMalaysian Major Makes Gas Discovery in SurinameQatar Says LNG Exports Could Return to Normal Within WeeksIndia Cuts Coal Imports as Power Plants Turn to Domestic FuelChina’s Teapot Refineries Cut Operations to Their Lowest Level Since 2017Qatar to resume LNG production within weeks, says Prime MinisterQatar to resume LNG production within weeks, says PMIndian Green Energy Stocks Show Mixed Performance As Sensex And Nifty End Higher On June 24Plug Power installs 5MW system and Danish PtX plantWeek in South East Asia: Meralco-MGEN Eye 2.5 GW RE Project; Novva Buys 120 MWp Solar Asset; TotalEnergies ENEOS Expands Rooftop Solar and More…Kee Ming Secures RM70 Million Contract for 99.99 MW Solar Project in MalaysiaPhilippines To Add 422 MW Floating Solar Capacity Through $406 Million SunAsia-VinEnergo PartnershipDEWA And Türkiye Explore New Cooperation In Clean Energy, Water, And Infrastructure DevelopmentUK transition to clean electricity ‘not happening fast enough’UK transition to clean electricity ‘not happening fast enough’CAISO Surpasses Natural Gas as Solar Generation Surges in Early 2026Hy2gen aims for 2028 groundbreaking on EU-backed 100MW Danish hydrogen plantRenergen secures first offtake for South African helium projectCalifornia Threatens to Sue Trump Administration Over Offshore Wind CancellationTrump Administration, Qatar Say EU Methane Rules Threaten Energy SecurityVideo | The role of connected devices in modern hospital gas systemsPoland bank invests €25m in pan-European biomethane fundStegra closes $1.4bn rescue package for green hydrogen-based steel plantTanker Owners Are Having the Best Week of the Hormuz CrisisPemex Wants Petrobras’ Deepwater MagicAsian Demand for Mideast Oil Slows after SplurgeTankers Emerge from Dark Mode amid Tentative Hormuz ReopeningNovak: Russia Considers Complete Ban on Diesel ExportsEurope’s Top Gas Distributor to Invest $14.8 Billion in AI-Backed NetworksAtkinsRéalis kicks off US licensing for CANDU technologyRussia planning ‘high-capacity’ nuclear fuel reprocessing plantWalmart signs nuclear power purchase agreement with ConstellationHoltec and EDF submit UK SMR project proposalTrump Insists Iran Has Agreed to Nuclear InspectionsWill US and International Sanctions on Iran be Lifted?US Supreme Court Boosts Exxon’s Bid to Get Compensation from CubaUS Natural Gas Drops on Cooler Outlooks, New Pipeline CapacityTrump Administration to Slash Oil-Drilling Bond Amount by 95%India Boosts U.S. LPG Imports to Record HighIran Moves to Tap Key Asian Markets as U.S. Waives Oil SanctionsIran Says U.S. Agreed to Unblock $12 Billion in Frozen FundsIOC’s Tanker Tender Comes Up Empty as Hormuz Risk LingersEurope’s Battery Storage Installations Set to Quadruple by 2030Tankers Emerge from Dark Mode amid Tentative Hormuz ReopeningTankers Emerge fromBallard’s GeoPura buy marks business model shift from hydrogen equipment sellerPosco opens rare gas plant for South Korean semiconductor marketOil Steady as Investors Focus on Hormuz Flows After Peace TalksUS Gasoline Prices Tumble for Sixth Straight WeekNatPower, Tesla Reach Deal on First Phase of $5 Billion Battery Storage PlanFirst biogenic CO2 rolls out of Denmark biogas CCS facilityBallard to acquire UK stationary hydrogen power firm GeoPuraBallard to acquire UK stationary hydrogen power firm GeoPuraEWE approved to connect 320MW facility to German hydrogen backboneLinde Malaysia files $5.7m claim against Lion SteelIran Quickly Pursues Top Oil Importers after US WaiverTop Stories Of The Day: Global Solar Capacity Tops 3 TW -India Ranks Second; GUVNL Launches 450 MW/900 MWh BESS Tender; GERC Proposes New Green Energy Banking Charges and More…Analysis: Will another Prime Minister help or hinder UK hydrogen?Digital twins gain traction as industry seeks efficiency and emissions cutsWeek in Africa: South Africa Speeds Up RE Curtailment Claims; AfDB Approves US$100M for West Africa Renewables; Zambia Signs PPA for 500 MW Solar Project and More…EBRD Vice President Mark Bowman To Visit Morocco To Strengthen Investment, Economic Cooperation & Green DevelopmentSaudis Turn to Russian Fuel Oil as Iran War Saps Fossil Power SuppliesGreek Energy Pulls In $26B As Europe Scrambles To Replace Russian GasOil Prices Continue to Slide as Peace Talks ProgressUK Has Enough Electricity for Winter Despite Energy Market TurmoilEurope’s EV Boom Accelerates as Chinese Brands Gain GroundGreen Energy Stocks Slide As Sensex And Nifty Extend Losses On June 23Google and Energy Dome launch 23MW CO2 battery project in IrelandSolarPower Europe Reports Record 36 GWh Battery Storage Installations Across Europe In 2025Channel ETS revenues into sustainable fuels urge shipping and aviation bodies

US Weighs Oil Futures Market Action to Combat Rising Energy Prices – WH Official

Business & Policy
March 6, 2026

(Reuters) – The U.S. Treasury Department is expected to announce measures as soon as Thursday aimed at combating rising energy prices, including potential action involving the oil futures market, a senior White House official said.

The potential move would mark an unusual attempt by Washington to influence energy prices through financial markets, rather than physical oil supplies, as officials race to blunt the political and economic impact of rising fuel costs.

Get the Latest US Focused Energy News Delivered to You! It’s FREE:

Brent crude has jumped to roughly $85 a barrel amid fears the conflict could disrupt flows through the Strait of Hormuz, a route that carries about a fifth of global oil shipments, while U.S. gasoline prices have climbed above $3 per gallon.

A Treasury spokesperson could not be immediately reached for comment.

Reporting By Jarrett Renshaw, Editing by Franklin Paul and Cynthia Osterman