Crude Oil

Gov. Gavin Newsom (D-CA) on Wednesday outlined a series of hikes across multiple goods and services under the President Donald Trump administration since May 2025. Gas Prices, Airline Ticket Fares Up In a post on X, Newsom’s official Press Office handle listed hikes across aviation and energy...

Former Congresswoman Marjorie Taylor Greene has questioned why ordinary Americans were still grappling with high gas costs despite President Donald Trump‘s claims of secretly moving oil out of the Strait of Hormuz amid the Iran war. Trump Touts ‘Secret’ Military Operation On...

Gov. Jay Robert ‘JB’ Pritzker (D-IL) on Tuesday shared that his administration would not be hiking taxes on gas as the Iran war continues to spark price rises at the pump. Illinois Cuts Inflation On Gas Tax In a post on X, Pritzker shared that the government “eliminated this year'...

Israel has struck a petrochemical facility in Iran, marking the first attack on the country’s energy infrastructure since the ceasefire reached on April 8. The strike raises fresh concerns about the stability of the truce amid escalating tensions between the two countries. Israel said it...

Gov. Gavin Newsom (D-CA) on Sunday slammed President Donald Trump‘s efforts to promote offshore drilling in California despite no relief from high gas prices. Trump Illegally Revived Offshore Drilling In a post on X, Newsom’s press office quoted a post by the White House’s Rapid...

The U.S. military has retaliated against Iran by launching strikes on an Iranian ground control station on Qeshm Island, near the Strait of Hormuz, after Iran’s failed missile attacks on Kuwait and Bahrain. The targeted Iranian facility also houses a desalination plant. Dow Futures...

Gas prices in the U.S. could surge if a definitive agreement isn’t reached between Washington and Tehran amid escalating tensions in the Middle East, according to GasBuddy analyst Patrick De Haan. Gas Prices Could Rise In a post on X on Sunday, De Haan shared that gas prices fell to the...

Sen. Elizabeth Warren (D-Mass) on Sunday delivered sharp criticism of President Donald Trump, alleging that excess gas costs at the pump across America were skyrocketing amid the war with Iran. Oil Executives Amassing Wealth Amid Excess Costs In a post on X, Warren said that Americans were paying $...

Sen. Catherine Cortez Masto (D-NV) has slammed President Donald Trump as high fuel and grocery prices continue to pose challenges amid the Iran war. Trump’s ‘War Of Choice’ In a series of posts on the social media platform X on Thursday, Cortez Masto criticized the Trump...

The reopening of the Strait of Hormuz is key to crude oil prices, as the waterway, which is 24 miles wide at its narrowest point, is responsible for over a fifth of the global crude oil supply chain. Here’s when the Strait would reopen, according to bettors on Polymarket and Kalshi....

As talks of a deal between Washington and Tehran gained steam over the weekend, GasBuddy analyst Patrick De Haan opined on Sunday about how gas prices will fall. Gas Prices To Plummet De Haan took to X, quoting a post by a user who predicted that gas prices would fall in the coming days following...

Brent crude oil price slipped to $99.2 today, May 23, after reports that the United States and Iran were nearing a deal to extend the ceasefire by 60 days. It was trading at $100.1 on Hyperliquid, while the West Texas Intermediate fell to $96. Brent Crude Oil Price Slips As US-Iran Tensions Ease A...

GasBuddy analyst Patrick De Haan on Wednesday shared that he expects fuel costs in the U.S. to come down as President Donald Trump says talks with Iran are in the final stages. National Average Price To Drop In a post on X, De Haan shared that people could see “the national average start to...

Iran cautioned on Wednesday that it could extend the war beyond the Middle East if the U.S. launches another attack.  The Islamic Republic of Iran Broadcasting (IRIB) posted on X about the IRGC’s new statement to the “enemies of Iran.” “If the aggression against Iran is...

Jim Cramer said on Tuesday that President Donald Trump‘s comments no longer positively impact oil prices as uncertainty looms over the Strait of Hormuz amid tensions between Washington and Tehran. The Big Problem With Oil In a post on X, Cramer outlined the “big problem” with oil...