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High gasoline prices are displayed at a Mobil gas station in Nanuet

Economy Apr 10

Soaring gas prices leads to biggest monthly inflation spike in four years in March

By Christopher Rugaber, Associated Press

Economy Apr 08

FILE PHOTO: Illustration shows map showing the Strait of Hormuz, Iran and 3D printed oil pipeline
Oil plunges below $95 as Dow surges 1,100 following Iran ceasefire deal

Stock prices are still below where they were before the war. And oil prices are still significantly higher because the threat remains that the war could continue and keep oil tankers blocked in the Persian Gulf.

By Stan Choe, Associated Press

Economy Apr 02

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City
Volatility hits Wall Street and U.S. oil tops $110 a barrel

The unsettled trading follows a national address late Wednesday from President Donald Trump, where he vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East.

By Damian J. Troise, Associated Press

Economy Apr 01

Gas prices are displayed at a gas station in Titusville
Stopgap measures aren't enough to halt rising gas prices in the face of the Iran war

Hoping to ease some pain for consumers, President Donald Trump and other heads of state have been pulling on various levers, launching more oil on the market in a bid to calm the chaos.

By Cathy Bussewitz, Associated Press

World Mar 31

Russian oil tanker enters Cuban port of Matanzas
Sanctioned Russian tanker docks in Cuba after U.S. allows passage

Cuba used to receive most of its oil from Venezuela, but those shipments were halted ever since the U.S. attacked the South American country and arrested its leader in early January.

By Milexsy Duran, Associated Press

Mar 31

What to know about Rice's whale, a rare species in the way of Trump's plans for more Gulf drilling

By Tammy Webber, Associated Press

Scientists fear that expanding oil and gas drilling in the Gulf of Mexico could push the giant mammal to extinction.

Continue reading

Mar 31

Trump's Endangered Species Committee exempts oil and gas drilling in the Gulf from rules

By Matthew Brown, Associated Press

Critics say the move could doom a rare whale species and harm other marine life. Nicknamed the “God Squad” by groups who say it can decide a species’ fate, the committee comprises several Trump administration officials.

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Mar 31

What experts say about the risks of U.S. seizing Iran's Kharg Island

By Ben Finley, Sam Metz, Associated Press

The island — located on the other side of the Persian Gulf from U.S. bases in Kuwait and Saudi Arabia — is the beating heart of Iran’s oil industry.

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Mar 30

WATCH: Fed Chair Powell addresses energy price spikes, challenging job market in Harvard conversation

By Michael Casey, Associated Press

Federal Reserve Chair Jerome Powell said Monday that it is important to closely monitor inflation amid a spike in energy prices from the Iran war.

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Mar 24

Energy executive Alan Armstrong picked to fill Mullin's Senate seat through end of year

By Sean Murphy, Associated Press

The choice by Republican Gov. Kevin Stitt, who had pledged to pick a “conservative voice” to fill Markwayne Mullin's seat, elevates to the Senate the chairman and former CEO of Williams Companies, a major pipeline operator based in Tulsa.

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