MORGANTOWN, W.Va. — The price of oil has shot up and bounced around in near-record territory since the start of conflict in the Middle East, while natural gas prices have hit a seven-month low.
Iran declares Strait of Hormuz completely open to commercial ships during Israel-Lebanon ceasefire
Iran on Friday declared the Strait of Hormuz completely open to commercial traffic during the ceasefire between Israel and Lebanon.
The Iran war created a global natural gas shortage — a windfall for U.S. companies
HOUSTON – Troubles in the Strait of Hormuz continue, with the U.S. now imposing a naval blockade on Iranian ports.
Strait of Hormuz blockade hurts Iran’s economy, threatens to spike energy prices
The U.S. blockade on the Strait of Hormuz has effectively shut down trade to and from Iran’s ports, cutting off an estimated 90 percent of the Middle Eastern country’s economy as the Trump administration looks to get…
White House calls oil CEOs as energy prices squeeze voters
Energy Secretary Chris Wright and Interior Secretary Doug Burgum will urge the heads of top U.S. oil and gas companies in a call Thursday to increase drilling in a bid to lower oil prices, four…
Saudi Arabia pressures Trump to scale back war on Iran
Saudi Arabia is pressing the United States to scale back its war in the Middle East, fearing Iran could retaliate by blockading the Red Sea and paralysing the kingdom’s economy.
U.S. Navy stopped 13 ships from passing Iranian port blockade, Pentagon says
The U.S. Navy has turned back 13 ships since its blockade of Iranian ports in the Persian Gulf and the Gulf of Oman began more than 24 hours earlier, the Pentagon said Thursday.
US military turns around 6 ships, ‘completely’ halts trade from Iran’s ports amid blockade
The U.S. military on Tuesday said it has turned six ships around in its effort to “completely” halt trade from Iran’s ports — the first effort since President Trump imposed a blockade on the Strait of Hormuz.
Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil
U.S. President Donald Trump has renewed his criticism of Britain’s energy policy, deriding the ruling center-left Labour government’s decision to ban licenses for new oil and gas fields in the North Sea.
High Gas Prices Are Tempting Americans Back to EVs
Skyrocketing gas prices cemented Eric Janney’s decision in March to go electric for good.