Trump says rising oil prices are “just a matter of war” and will come down – CBS News Watch CBS News President Trump is working to quell fears about the war with Iran might affect the economy, predicting that increased oil prices will soon be coming down. Nancy Cordes has details. Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Trump to tap strategic oil reserve to bring down gas prices 03:05 UP NEXT Two killed in tornado outbreak 01:58 TSA officers quit amid partial government shutdown 01:29 The Cost of Denial: Oklahoma homeowners sue State Farm over … Read more
NEWYou can now listen to Fox News articles! After deliberating and assessing the global oil market situation in the face of Middle Eastern conflicts stemming from the United States’ attack on Iran, a cohort of 32 different developed nations agreed to make an “unprecedented” move to help address “oil market challenges.” The International Energy Agency … Read more
President Trump ordered the release of 172 million barrels of oil from the United States’ Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.’s war with Iran. The releases will start next week and take about 120 days, Energy Secretary Christopher Wright said Wednesday in a … Read more
NEWYou can now listen to Fox News articles! While California Democratic Gov. Gavin Newsom blames President Donald Trump’s actions in Iran for the price of gas, critics are calling him out for “insane” climate policies as the state’s prices at the pump soar significantly above the national average. On Tuesday, Newsom, who is widely considered … Read more
An explosion in artificial intelligence data centers and cloud computing is shrinking the supply of memory chips, which is having a major impact on the price consumers pay for everyday tech. CNET editor-in-chief David Katzmaier joins CBS News to discuss. Source link
The war with Iran continues to impact energy prices globally with Americans seeing another rise on prices at the pump. Patrick De Haan, head of petroleum analysis for Gas Buddy, joins CBS News to discuss. Source link
My students realized a 50-cent-a-gallon hike wouldn’t hinder their vacation plans. Source link
The International Energy Agency (IEA) said on Wednesday it would release 400 million barrels of oil from emergency reserves, the largest release in the multinational organization’s history. The announcement comes as the Strait of Hormuz remains effectively closed because of the Iran War. Normally, roughly a fifth of the world’s oil supply flows through the … Read more
The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors. “Inflation was starting to ease in … Read more