Trump pushes to suspend federal gas tax as prices soar – CBS News Watch CBS News President Trump told CBS News’ Nancy Cordes that he intends to suspend the federal gas tax amid higher prices. Source link
President Trump has insisted for days that a peace deal with Iran is close. But on Thursday he said “it might not happen, but it could happen any day.” The uncertainty comes as gas prices in the U.S. continue to rise due to the conflict. Nancy Cordes reports. Source link
Iran warned Thursday the U.S. naval blockade was “doomed to fail” as oil prices soared to their highest point in years with the standoff over the crucial Strait of Hormuz wreaking havoc on the global economy. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The international benchmark price … Read more
In today’s newsletter: Gas prices hit a new high for the year as the conflict with Iran continues. Legal experts condemn the charges against James Comey. And a Louisiana cop haunted for decades by a teen’s murder didn’t live long enough to see it be solved. Subscribe to read this story ad-free Get unlimited access … Read more
With word of the Strait of Hormuz reopening, the stock market soared on Friday. Oil prices dropped about 10%, and as a result, gas prices ticked downward. Kelly O’Grady breaks it all down. Source link
NEWYou can now listen to Fox News articles! Rep. Glenn Ivey, D-Md., is demanding consideration of a Democrat-led war powers resolution that would require President Donald Trump to pull U.S. armed forces out of hostilities with Iran. “I think it’s important for us to keep trying to push the issue forward, and eventually [Republicans] are … Read more
Trump’s ultimatum to Iran: Reopen Hormuz or face infrastructure strikes Shervin Pishevar, advisor to HRH Reza Pahlavi, analyzes President Trump’s ultimatum to Iran to reopen the Strait of Hormuz. Pishevar praises Trump’s “doctrine of preemption,” arguing decisive action today prevents future threats from Iran’s developing nuclear, drone, and ICBM programs. He criticizes past US administrations … Read more
Stock futures surged and oil prices plunged on Wednesday as a two-week ceasefire in the Iran war eased fears of a prolonged energy shock that has rattled markets for more than five weeks. Futures for the Dow Jones Industrial Average soared 1,267 points, or 2.7%, to 48,079 in premarket trading. S&P 500 futures jumped 185 points, or … Read more
Delta Air Lines is hiking its bag-check fees, the latest U.S. carrier to increase the charge to fly hands-free as jet fuel costs rise due to the Iran war. Delta cited “evolving global conditions and industry dynamics” in announcing the change, which takes effect Wednesday. Fees for travelers’ first and second checked bags will rise … Read more
Amid the war in Iran, the nationwide average price for a gallon of regular is now $4.10. Soaring gas prices are also fueling new questions about the cost of the vehicles we drive. Ali Bauman has more from the New York Auto Show. Source link