Summer travel overseas could hit turbulence amid soaring jet fuel prices – CBS News Watch CBS News The International Energy Agency warned that Europe could be about six weeks from a major shortage of jet fuel due to supply chain disruptions stemming from the conflict in Iran. Kris Van Cleave reports. Source link
NEWYou can now listen to Fox News articles! New York House Republicans are ramping up a pressure campaign against Gov. Kathy Hochul, D-N.Y., citing her failure to combat rising utility costs in the Empire State. The group of lawmakers, led by Rep. Mike Lawler, R-N.Y., is calling on Hochul to scrap the state’s 2019 climate … Read more
IE 11 is not supported. For an optimal experience visit our site on another browser. King Charles and Queen Camilla to Make State Visit to US in April 00:21 Popular Weight-Loss Drug Wegovy Unveils Subscription Service 02:38 Countdown Underway for Long Awaited Artemis II Moon Launch 03:09 Army Investigates Helicopter Fly-By at Kid Rock’s Nashville … Read more
President Trump reiterated his stance on Sunday that the U.S. has already achieved regime change in Iran and a deal to end the war could be reached “soon.” Citing the number of Iranian leaders who have been killed in the month-long U.S.-Israeli war against Iran, Mr. Trump said the people now running Iran were “much … Read more
The U.S. Treasury has authorized the purchase of Iranian oil that’s already at sea, exempting buyers from the tight sanctions that have restricted the country’s oil industry for years — a move aimed at stemming soaring prices amid the U.S.’s war with Iran. The sanctions license allows oil from Iran to be purchased if it … Read more
Diesel prices are rising and the price of gas continues to slam Americans during the Iran war. Ed Hirs, an energy fellow at the University of Houston, joins CBS News with more. Source link
The Federal Reserve’s decision on interest rates Wednesday is all but a foregone conclusion. Traders overwhelmingly expect it to keep rates on hold, a scenario that’s likely to persist for the rest of the year. Instead, it’s how Chair Jerome Powell and policymakers decide to respond to the growing Middle East oil crisis that will … Read more
The band The Last Dinner Party is coming to the U.S. next week to tour its second album, “From the Pyre.” The members of the band spoke to Anthony Mason about how they met, their rapid rise to fame and the support they’ve had along the way. Source link
Motorists are paying sharply higher fuel prices since the outbreak of the Iran war, despite the U.S. being the world’s largest oil producer. Why? After all, as of 2023 (the latest data available), the U.S. churned out roughly 13 million barrels of crude a day, according to the Energy Information Administration (EIA). That compares with roughly 10 … 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