Recent articles
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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April 17, 2026
Oil prices plunge on claims Strait of Hormuz is open
Data: Financial Modeling Prep; Chart: Ben Geman/AxiosOil prices dropped over 10% Friday after President Trump and Iran's foreign minister claimed the Strait of Hormuz — the world's most critical en...
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April 12, 2026
Oil prices surge on Trump's blockade vow, failed U.S.-Iran talks
Oil prices jumped over 7% to well over $100 per barrel when markets opened Sunday evening.Why it matters: The latest surge shows that traders don't see last week's ceasefire deal reviving large-sca...
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April 12, 2026
Trump pitches Iran blockade as boon to U.S. oil
President Trump is pairing his Iran blockade with a sales pitch: Countries squeezed by the Strait of Hormuz — especially China — should buy more oil from the U.S. instead.Why it matters: The U.S. r...
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April 8, 2026
Large-scale oil shipping won't start again quickly after Iran ceasefire
Untangling the largest disruption in oil market history won't happen quickly or easily — and that means continued high prices and scarcity in major importing countries.Why it matters: A big thing t...
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April 8, 2026
Oil prices plunge following U.S.-Iran ceasefire
Crude oil prices dropped sharply Tuesday evening, falling well under $100 per barrel after President Trump said the U.S. agreed to a two-week ceasefire with Iran that Pakistan had proposed.Why it m...
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April 6, 2026
The massive economic impact of the global energy crisis
Even if the Iran war ended now and the Strait of Hormuz reopened, the crisis has lasted long enough to bring a meaningful and damaging toll worldwide.Why it matters: "What began as a disruption in ...
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April 5, 2026
Oil climbs anew on mixed signals about Iran war's future
Brent crude oil climbed more than 1% to above $110 per barrel when markets opened Sunday amid mixed signals about the Iran war that's creating unprecedented disruption to global energy flows.Why it...
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March 24, 2026
"We're in a tough spot": Mattis delivers harsh Iran assessment
HOUSTON — Former Defense Secretary James Mattis offered a sobering take Monday on the Strait of Hormuz, criticizing the Trump administration for what he saw as a failure to think strategically abou...
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March 22, 2026
Oil prices volatile after Trump's Strait of Hormuz threat
Oil prices remained well north of $100 per barrel after markets opened Sunday, with the Iran war moving into its fourth week.Why it matters: The price suggests that traders don't see a near-term en...
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March 19, 2026
White House says it's not planning oil or gas export restrictions
The Trump administration doesn't plan to thwart U.S. oil exports as officials scramble for ways to temper energy price spikes.Why it matters: Rumors of restrictions have swirled in recent days, and...
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March 18, 2026
Trump waives shipping law as gasoline prices soar
President Trump has formally waived requirements that only U.S. ships can carry cargo between domestic ports as officials look to ease access to fuel and supplies while the Strait of Hormuz remains...
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March 17, 2026
Exclusive: Gallego presses DOE on oil reserve as gas prices rise
Sen. Ruben Gallego (D-Ariz.) is pressing the Energy Department for details on plans to provide oil from the Strategic Petroleum Reserve as pump prices rise. Why it matters: Gallego's new letter to ...
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March 15, 2026
Oil prices climb despite Trump moves to temper market
Oil prices rose over $3 per barrel Sunday in the first major trading since President Trump's threat to strike Iran's main oil export hub unless the regime allows tankers through the Strait of Hormu...
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March 12, 2026
Trump's limited gas-price options on Iran
Plans for historically large releases from emergency oil stockpiles reveal the scope of the energy crisis — and the market response reveals President Trump's limited options for tackling it.Why it ...
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