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Energy
California gas prices hit $6 as Iran war drives fuel costs higher
California gasoline prices hit $6 per gallon on Thursday, a 30% increase since the U.S. and Israel launched the war against Iran in late February. Drivers in California are paying the most in the nation at $6.01 per gallon on average,…
Exxon expects higher oil prices as market absorbs impact of Iran war
Exxon Mobil CEO Darren Woods warned Friday that the market has not absorbed the full impact of the unprecedented oil supply disruption triggered by the Iran war and the closure of the Strait of Hormuz. The disruption has been mitigated…
Trump might have to maintain blockade for months before Iran feels pain
Locked in a standoff with Iran that will break only when economic pain is no longer tolerable, President Donald Trump may have to maintain his naval blockade against Iran for weeks — forcing serious economic consequences on the world.…
UAE exit from OPEC is a big blow to the cartel’s influence on oil
The United Arab Emirates' exit from OPEC this week will weaken the influence of the cartel and its leader Saudi Arabia on the oil market, a development that could prove bearish for prices over the long term. The UAE was the most…
JetBlue keeps Fort Lauderdale flights, regardless of Spirit’s fate
JetBlue Airways is moving forward with its flight plans at Fort Lauderdale–Hollywood International Airport, its president said, regardless of whether the airport's No. 1 carrier, Spirit Airlines, gets a government bailout.JetBlue, United…
Clear Hormuz Strait, postpone nuke talks if blockade, war end
In this handout photo provided by U.S. Central Command, U.S. forces patrol the Arabian Sea near M/V Touska on April 20, 2026, after firing upon the Iranian-flagged vessel that the U.S. accused of attempting to violate the U.S. naval…
Dow CEO says clearing the Strait of Hormuz logjam will take almost a year
Outgoing Dow CEO Jim Fitterling said clearing the disruption in the Strait of Hormuz could take far longer than investors expect."Some scenario planning that we did said that even if the straits were to reopen today, just to clear the…
Hormuz may not fully open until second half of 2026, Baker Hughes says
Two boys paddle-board in the sea as ships are anchored near the shoreline on April 22, 2026 in Bandar Abbas, Iran. Stringer | Getty ImagesBaker Hughes is working under the assumption that the Strait of Hormuz may not fully reopen for…
Nuclear reactor company X-energy shares surge 26% in strong debut
Advanced nuclear reactor company X-energy began trading Friday as the AI boom and electrification broadly spark a flurry of interest in the nuclear industry.The stock opened at $30.11, after upsizing its initial offering, pricing at $23…
U.S., Iran seize ships as war evolves into standoff over Strait of Hormuz
The U.S. and Iran seized commercial ships from the Persian Gulf to the Indian Ocean this week, as they compete for control of the Strait of Hormuz during the ceasefire agreement. Brent oil, the international benchmark, has risen above…