Energy
Cuba’s president confirms talks with U.S. — but warns an agreement will take time
A pedicab drives past a traffic light that is out due to a power cut in Havana on March 4, 2026. Yamil Lage | Afp | Getty Images Cuba’s government has held talks with Donald Trump’s administration, the country’s president, Miguel Díaz-Canel, said on Friday. It confirms speculation that the two countries were talking after […]
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Iran’s ‘oil lifeline’ has been left untouched in the conflict. What happens if it’s seized?
A general view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast in the Persian Gulf and 483 km northwest of the Strait of Hormuz, in Iran on March 12, 2017. Anadolu | Anadolu | Getty Images The prospect of a U.S. move to seize Kharg Island, a strategically vital […]
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India’s Modi reaches out to Iran as energy crunch fears grip the South Asian nation
An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. Benoit Tessier | Reuters Indian Prime Minister Narendra Modi called Iranian President Masoud Pezeshkian within hours of Tehran’s new supreme leader vowing to keep the Strait of Hormuz […]
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Who is really footing the AI energy bill? Inside the debate about data center electricity costs
Advocacy groups and community members protest laws surrounding data centers while outside the Texas Capitol in Austin Monday, Feb. 23, 2026. Austin American-statesman/hearst Newspapers | Hearst Newspapers | Getty Images The companies racing to build the massive infrastructure needed for the artificial intelligence boom are facing growing backlash over electricity costs, as households and policymakers question […]
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U.S. allows temporary purchases of Russian oil already at sea to stabilize energy markets
Russian supertanker Astro Lupus waits to unload its cargo of the first direct shipment of Russian crude oil on July 3, 2002 in the Gulf of Mexico. Pool | Afp | Getty Images The U.S. on Thursday temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets. U.S. Treasury Secretary Scott […]
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The two oil pipelines helping Saudi Arabia and UAE bypass the Strait of Hormuz
A foreign tanker carrying Iraqi fuel oil damaged after catching fire in Iraq’s territorial waters, following unidentified attacks that targeted two foreign tankers, according to Iraqi port officials, near Basra, Iraq, March 12, 2026. Mohammed Aty | Reuters The effective closure of the Strait of Hormuz has abruptly thrust two alternative oil pipelines into the […]
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Energy Secretary Wright says U.S. ‘not ready’ to escort tankers through Strait of Hormuz yet
The U.S. Navy is not ready to escort oil tankers through the Strait of Hormuz, Energy Secretary Chris Wright told CNBC in an interview Thursday. “It’ll happen relatively soon but it can’t happen now,” Wright said. “We’re simply not ready. All of our military assets right now are focused on destroying Iran’s offensive capabilities and […]
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India’s consumer inflation rises to 3.21% in February as oil risks loom
Fuel nozzles hang at a petrol pump at a fuel station in Guwahati, India, on March 11, 2026. Oil prices reverse course from recent highs, slipping to around 90 USD a barrel after remarks by U.S. President Donald Trump on the Iran conflict. Markets remain unsettled as traders monitor the evolving geopolitical situation. (Photo by […]
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Flights are already getting more expensive after jet fuel spike. When should you book?
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at William P. Hobby Airport in Houston, Texas, US, on Monday, March 9, 2026. Mark Felix | Bloomberg | Getty Images The surge in fuel prices since the U.S. and Israel attacked Iran nearly two weeks ago is already driving up airfare. Consumers’ appetite […]
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‘Please, please, please’: Denmark urges citizens to avoid driving as oil prices spike
Gasoline prices at a Uno-X gas station in Copenhagen, Denmark, on March 9, 2026. Nurphoto | Nurphoto | Getty Images Denmark’s energy minister urged citizens of the Scandinavian country to cut back on energy use and ditch cars as the price of oil continues to skyrocket amid the Middle East conflict. Lars Aagaard, Denmark’s minister […]
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