Recent articles
July 13, 2026
Oil jumps as Trump claims new Hormuz blockade on Iran
Data: Financial Modeling Prep; Chart: Ben Geman/AxiosOil prices surged about 9% Monday to roughly $83 per barrel after President Trump claimed the U.S. was reinstating a naval blockade on Iran, add...
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July 8, 2026
Oil jumps after Trump's Iran ceasefire comments
Data: Financial Modeling Prep; Chart: Ben Geman/AxiosOil markets are taking President Trump's claim that the Iran ceasefire is "over" seriously, but not literally.Why it matters: The price jump is ...
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June 14, 2026
Oil prices fall on US, Iran deal announcement
Crude oil prices fell over 4% to their lowest levels in over three months Sunday after the U.S. and Iran agreed to a ceasefire extension that could lead to the reopening of the Strait of Hormuz.Why...
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June 12, 2026
When oil prices could get even worse
Oil prices have defied predictions of even bigger increases than we've seen — but the markets' shock absorbers could easily wear out later this summer unless the Strait of Hormuz opens soon, analys...
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June 10, 2026
How the Iran war aftershocks are hitting oil, coal, climate
Data: U.S. Energy Information Administration; Chart: Ben Geman/AxiosWith the Iran war now over 100 days old, here's the latest rolling snapshot of how it's driving changes in energy markets.The big...
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May 29, 2026
Gas prices are dropping — but they're still high
Data: AAA; Chart: Ben Geman/AxiosPain at the pump is easing, but gas is far costlier heading into the summer than last year — and what comes next is wildly unpredictable.Why it matters: High gas pr...
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May 26, 2026
BP removes board chair, citing "conduct" concerns
BP removed board chair Albert Manifold on Tuesday, citing "serious concerns" about "governance standards, oversight and conduct."Why it matters: BP has lost its CEO and now its board chair in the s...
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May 26, 2026
The new oil order that could emerge from an Iran deal
With a U.S.-Iran deal (maybe?) taking shape in coming days, the oil market that follows will look different than what preceded the war.Why it matters: The emerging deal — which would re-open the St...
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May 24, 2026
Oil prices sink on signs of U.S.-Iran deal
Crude oil prices dropped about $5 per barrel Sunday evening in the first major trading since the emergence of rough and tentative outlines of a deal to end the U.S.-Iran conflict.Why it matters: Th...
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May 18, 2026
NextEra, Dominion announce merger to create U.S. power behemoth
U.S. power giants NextEra Energy and Dominion Energy announced plans Monday to merge in the largest electricity deal — by far — since the mainstreaming of AI.Why it matters: The deal, if approved b...
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May 12, 2026
Trump faces uphill climb on suspending gas tax
President Trump's endorsement of suspending federal gas taxes pushes the idea higher on the political radar, but it still faces long odds.Why it matters: Some Republicans rushed to introduce bills,...
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May 11, 2026
Trump backs federal gas tax suspension
President Trump endorsed suspension of the federal gasoline tax in an interview with CBS News Monday.Why it matters: It marks a reversal for the White House as Republicans face political blowback o...
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May 10, 2026
Trump official opens door to gas tax suspension
Energy Secretary Chris Wright said Sunday the Trump administration is "open" to suspending the federal gasoline tax amid high pump prices.Why it matters: His remarks slightly soften the White House...
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May 7, 2026
Gas prices won't return to pre-war levels any time soon
If a U.S.-Iran peace deal actually happens this time — and that's still a big if— consumers have a long road ahead before filling up returns all the way to the good old days of early 2026.Why it ma...
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May 5, 2026
What a gas tax holiday would actually do
The gasoline price surge is reigniting political chatter about suspending the federal tax on the fuel to help consumers, thanks to a recent round of populist proposals from high-profile Democrats.W...
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April 30, 2026
GOP faces gas pump problem at the polls
Data: Brookings Institution; Chart: Ben Geman/AxiosPeople in Republican congressional districts tend to drive further — and that could worsen the party's midterm woes as fuel costs soar.Why it matt...
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April 30, 2026
Oil prices hit highest level since Iran war's start
Oil prices reached their highest levels overnight since the Iran war began, with Brent crude topping $126 per barrel before pulling back on Thursday morning.Why it matters: The jump will keep sendi...
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April 28, 2026
UAE leaves OPEC to pursue "accelerated" production
The United Arab Emirates said Tuesday it's exiting OPEC after more than 50 years — a blow to the powerful alliance of big oil producers.Why it matters: The UAE is the group's third-largest producer...
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April 28, 2026
Iran may have oil options to drag things out
Iran has more cards to play to avoid the U.S. blockade halting its oil output — at least for now, analysts say.Why it matters: Oil is Iran's economic lifeblood, and President Trump hopes blocking e...
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April 24, 2026
Trump's surge in oil exports during Iran war will hit a ceiling
The bottling up of Middle East oil is giving a lift to U.S. exports, but there are real limits on how much more they can grow.Why it matters: President Trump keeps talking up U.S. exports as the St...
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April 21, 2026
Get used to higher gas prices this year
Even if the Iran conflict ended now and the Strait of Hormuz fully opened, don't look for a quick return to pre-war gas prices.Why it matters: Costlier fill-ups are the most direct and visible econ...
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April 20, 2026
Trump invokes Cold War law in move to boost energy supply
President Trump said Monday he'll use a Cold War-era national security law to try and bolster domestic production of motor fuels and electricity.Why it matters: His use of the Defense Production Ac...
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April 19, 2026
Oil prices jump after Strait of Hormuz setbacks
Data: Financial Modeling Prep; Chart: Ben Geman/AxiosOil prices are up around 6% Sunday evening after the weekend brought fresh escalation of the U.S.-Iran conflict.Why it matters: The jump after i...
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April 19, 2026
Trump's energy boss: gas may stay above $3-per-gallon into 2027
U.S. average gasoline prices may not return to pre-war levels under $3-per-gallon until next year, Energy Secretary Chris Wright told CNN Sunday.Why it matters: The Iran war has driven up what had ...
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