On Friday’s broadcast of the Fox Business Network’s “Kudlow,” former Trump National Security Adviser and former Trump Envoy Keith Kellogg said that the “real problem with diesel prices is not Zelensky in Ukraine,” it’s due to the Middle East. Kellogg said,
Affordability has become the corporate media and Democrats’ (but I repeat myself) midterm rallying cry, but they have offered zero solutions. None. Nada. Not one.
President Donald Trump announced Friday that Russia has agreed to supply millions of tons of diesel fuel to the American and global market, following a call with Russian President Vladimir Putin.
Maine Democrat Senate candidate Troy Jackson claimed at Thursday’s WMTW debate that Sen. Susan Collins (R-ME) and her husband are profiting from the war in Iran, prompting the five-term incumbent to demand an apology on camera.
Ukraine says its long-range strikes have neutralized more than half of Russia’s oil refining capacity, hampering Moscow’s ability to supply its forces during its 4 1/2-year-old invasion.
Syria announced that it would implement subsidies to lower the cost of diesel fuel after a price hike prompted protests.
The energy minister of Saudi Arabia announced this week that his government had discovered a 110-million-ton cache of rare-earth minerals and uranium in Medina, the second-holiest city in Islam, that the country is expected to develop to diversify its energy sector.
Protests in dozens of cities and towns throughout Syria erupted on Sunday and continued into Monday, marked by large fires and roadblocks triggered by the government announcing a major increase in the price of gasoline and diesel fuels.
Indian Foreign Minister S. Jaishankar visited Kyiv, Ukraine, on Thursday with a message of solidarity, offering India’s support to end the ongoing Russian invasion of the country.
Ukraine attacked a petroleum hub of in Tatarstan, killing 13 people and injuring 75 others, local authorities said.
The U.S. and Iran paused their attacks for a second straight day Sunday as both sides reportedly look to return to the negotiating table for a binding resolution to ongoing warfare roiling the Middle East.
President Donald Trump’s peace plan is already “bearing real fruits for the American people,” Vice President JD Vance said during a press conference on Thursday.
Pump prices have been falling for four straight weeks.
Oil prices tumbled on Tuesday, falling to their lowest levels since early March.
The prices paid to U.S. businesses for goods and services rose at the fastest annual pace in more than three years in May, driven by higher energy costs. The Department of Labor said its producer price index (PPI) for final
Chinese companies have reportedly delayed two major refinery projects, capable of producing 500,000 barrels per day combined, due to the shortage of crude oil from the Middle East after Iran closed the Strait of Hormuz.
Chinese dictator Xi Jinping received his Russian counterpart Vladimir Putin in Beijing on Tuesday, less than a week after hosting President Donald Trump – and Iran is set to come out the biggest loser of China’s very busy May.
Fears of inflation and forecasts of Fed hikes have sent bonds plunging, lifting yields on Treasuries to multi-year highs.
The consumer price index rose 0.6 percent in April, the Department of Labor said Tuesday. Compared with a year ago, prices are up 3.8 percent. This matched expectations.
South Korea appeared to have become the first victim of Iranian terrorism in the Strait of Hormuz on Monday since President Donald Trump announced a U.S. naval operation to escort ships safely, hours after reports suggested Seoul was considering joining the American mission itself.
The Chinese Communist Party announced on Wednesday that it had dramatically expanded the scope of the country’s known oil and gas reserves, claiming to have found 225 “large and medium-sized crude oil and natural gas fields” between 2021 and 2025.
Thursday, during an appearance on FBN’s “Varney & Co.,” White House National Economic Council director Kevin Hassett predicted a robust recovery from high energy prices once the Strait of Hormuz was fully reopened.
Protesters demanding the Irish government slash punishing taxes on farmers are successfully starving the country of fuel.
Amazon is implement a new fuel surcharge affecting third-party sellers who rely on its fulfillment network. The online giant will charge sellers an additional 3.5 percent fee to account for what it calls “elevated costs in fuel and logistics.”
Fed Chair Jerome Powell said that the Fed is inclined to look past the energy shock stemming from the war in Iran.
Speaking to undergraduate economics students at Harvard University, Powell said the standard central-banking response to energy shocks is to wait them out rather than react with policy changes.
This is the Breitbart Business Digest weekly wrap, where we review a selection of the economic and financial events of the past week without incurring any unnecessary labor costs or burning excess petroleum.
The government of Slovenia began fuel rationing measures this week amid the ongoing conflict in the Middle East, supply chain issues, and fuel tourism from neighbouring countries in Europe.
Iran has laid a small number of sea mines in the Strait of Hormuz, an anonymously-sourced report claims.
Talk of Iran deal sparked a major market rally Monday morning.
Sunday on NBC’s “Meet the Press,” Treasury Secretary Scott Bessent said the Trump administration was “jiu-jitsuing the Iranians” by “using their own oil against them.”
More than 20 nations spanning from Asia to Europe to the Gulf have expressed a “readiness to contribute” to the effort of opening up the Strait of Hormuz amid threats to ships by the Islamist regime in Iran.
This week, we saw Jerome Powell insist that he can be Fed chairman forever or at least until his successor is confirmed, whichever comes first, we guess.
Brent crude spiked to nearly $120 a barrel Thursday morning before retreating, as the Iran conflict expanded to threaten major energy hubs across the Middle East. A drone struck a Saudi refinery, and President Trump issued a stark warning that
We have argued since the opening days of Operation Epic Fury that the economic consequences of the Iran war depend less on the price of oil this week than on one question: how long does this last?
Trump says he feels vindicated in years of questioning fidelity of alliances, saying nations like Britain should have come with enthusiasm.
Reopening the Strait of Hormuz is critical to prevent an economic catastrophe, but the UK government isn’t sending warships yet because the Prime Minister has reservations about the lack of a legal basis for action, a “credible” plan, and the endorsement of the international community, he has said.
At least four crewmen from an American air refuelling tanker that crashed in Iraq while on Operation Epic Fury duties have died.
The Dow Jones Industrial Average dropped more than 500 points in midday trading.
Iran and its proxies continue to launch strikes, including against oil tankers in the Gulf, while Israel says they scored “extensive” hits.
