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59 stories from Planck Standard. Latest: September 7, 2026.
WatchMohsen Rezaei said the zone will start at the line of the U.S. naval blockade and run toward the strait. Brent crude traded near $97 and the Labor Day gasoline average hit a record $4.14 a gallon.
The energy secretary told 'Face the Nation' that falling prices are 'not an unreasonable expectation.' Treasury Secretary Scott Bessent had put a date on it.
WatchThe president called it 'THE BIGGEST OIL DEAL IN WORLD HISTORY' in a social media post, seven months after U.S. forces seized Nicolás Maduro. The announcement named no operator, no fields and no price.
With gasoline above $4 a gallon and Brent crude sliding, the president singled out the two largest U.S. oil companies by name and said they had better hand some of it back.
Chevron's profit nearly quadrupled and Exxon's doubled as the Strait of Hormuz blockade pushed Brent crude past $100. Senator Sheldon Whitehouse wants a windfall tax; Exxon's CEO calls that short-sighted.
Pump prices are up 34% since fighting began, and a Houthi threat to a second oil chokepoint has traders bracing for a fresh energy shock just as the Federal Reserve was closing in on its 2% target.
Energy markets respond cautiously to U.S.-Iran framework agreement as analysts question whether significant price relief will materialize.
At least one state has already suspended gas taxes while President Trump and Cabinet officials discuss federal relief as fuel costs surge during ongoing Middle East conflict.
President again promises gas prices will fall when Iranian conflict ends, while addressing criticism of administration policies.
Brent crude has surged roughly 50 percent since the war began, war-risk insurance has quintupled and Goldman Sachs estimates 14.5 million barrels a day have vanished from global production as the Strait of Hormuz stays shut.
As national averages approach $5 per gallon, one state has suspended its gas tax while Trump and Cabinet officials consider federal action.
National averages climb amid Iran war tensions while Trump administration and state officials explore suspending gas taxes to provide consumer relief.
Crude oil prices fell dramatically in May, marking the largest monthly decline since the market turmoil of six years ago and bringing relief to drivers facing high gas costs.
GasBuddy and AAA say the 12th week of the Iran war and the continued shutdown of the Strait of Hormuz have pushed the national average gasoline price to its highest Memorial Day level since 2022, with California already above $5.71 and analysts warning the 2022 record of $5.02 is in play if the strait stays closed into July.
The retail giant reported positive earnings but cautioned that American shoppers are struggling with increased expenses across multiple categories.
National averages climb amid Middle East conflict while one state suspends gas tax and Trump administration considers federal relief measures.
The home improvement retailer beat Wall Street expectations as core shoppers remained resilient, though some customers pulled back on larger projects.
The retailer beat Wall Street expectations despite some customers pulling back on larger home improvement projects amid inflation pressures.
NBC News analysis reveals dramatic county-by-county differences in fuel cost increases, with some states suspending gas taxes for relief.
President's recent comments about economic burden of Iran conflict spark criticism that he doesn't grasp financial strain on ordinary Americans.
War with Iran has sent gas and consumer goods prices skyrocketing just months before critical midterm elections that could hinge on economic conditions.
An NBC News analysis reveals stark regional differences in how the Iran conflict has affected fuel costs, with some areas seeing much steeper increases.
An NBC News analysis reveals stark regional differences in how the Iran conflict has affected fuel costs across America.
U.S. beer sales suffer sharp decline as higher fuel costs force Americans to cut back on discretionary purchases, data shows.
Convenience stores and high-fuel-cost states see sharpest declines as Iran war drives energy costs toward $5 per gallon.
Rising energy prices from the Iran conflict are creating ripple effects across the economy, pushing consumer prices to levels not seen since 2023.
The Consumer Price Index jumped 0.6% on the month — well above the 0.4% Wall Street had penciled in — as energy costs accounted for more than 40% of the headline gain.
Cox Automotive reports affordability concerns drive increased demand for older vehicles and all-electric cars as fuel costs rise.
Cox Automotive reports declining values driven by affordability concerns and rising gas prices boosting electric vehicle demand.
Rising fuel costs linked to the Iranian conflict are creating new economic pressures for families across the United States.
Shipping costs, taxes, competition levels and environmental regulations create stark differences in pump prices as the Iran war affects energy markets nationwide.
Oil futures surge after three-day decline while shipping companies avoid crucial Persian Gulf waterway, raising costs for American consumers.
The national average rises in the largest one-day increase recorded since the April 7 ceasefire announcement, signaling renewed market volatility.
National average rises dramatically as energy markets react to geopolitical developments, marking biggest one-day increase since April 7 ceasefire announcement.
Fuel costs hit new 2026 high as ongoing Middle East conflict continues to threaten global oil supplies.
Crude oil prices hit fresh highs since the conflict began, with energy supplies from the region remaining severely disrupted amid the extended military campaign.
U.S. drivers face highest fuel costs since 2022 as ongoing Middle East conflict disrupts global oil markets ahead of summer travel season.
The coffee giant reported 6.2% growth in global same-store sales as customer visits increased, demonstrating resilience against inflationary pressures from higher fuel prices.
Prices jumped 1.6% Tuesday in the largest single-day increase in over a month as supply shortages intensify from the ongoing Middle East conflict.
Chris Wright's TV admission contradicts President Trump's earlier claims that Middle East-related price increases would be 'short-term.'
The IMF’s April 2026 World Economic Outlook warns that the Strait of Hormuz closure is the largest oil supply disruption in modern history, driving US inflation to 3.3% annually and producing real wage losses as economists warn of stagflation not seen since the 1970s.
President sends mixed signals on energy costs amid Iran conflict, sparking fresh concerns among Republicans about November elections.
Inflation reaches highest level in two years as conflict-driven energy costs push overall price increases well above Federal Reserve targets.
Despite its fragile status, the ceasefire between the United States and Iran helped stocks surge while oil prices inch back up, raising concerns about gas prices and broader economic impacts.
Consumer Price Index surged 0.9% in March, the biggest monthly increase since the peak of post-pandemic inflation crisis.
Energy experts warn that restoring normal oil production and shipping will take months, keeping fuel costs high for consumers.
Americans increasingly consider electric vehicles as fuel costs surge, but affordability remains a significant barrier to adoption.
Americans receive smaller pay raises while tariffs and higher gas prices threaten to make everything more expensive across the economy.
Energy markets react violently to escalating conflict, with gas prices hitting $4.08 nationally and diesel reaching $5.51 per gallon.
Nationwide gas prices hit $4.08 per gallon for unleaded and $5.51 for diesel as ongoing Middle East conflict disrupts global energy markets.
Average U.S. gasoline prices reach levels not seen since mid-2022, with analysts warning more increases could follow as conflict continues.
Drivers across America face significant pain at the pump as Persian Gulf oil supply disruptions push fuel costs to highest levels since 2022.
The national average for regular gasoline has risen for 23 consecutive days since the United States launched military operations against Iran, with analysts warning that $4-a-gallon gas may arrive within days.
Three weeks into the U.S.-Israel conflict with Iran, the economic ripple effects have reached deep into American household finances, pushing mortgage rates, gas prices, and consumer anxiety to levels not seen in years.
Drivers across the South and Southwest face the steepest increases, with Colorado hit particularly hard as the conflict disrupts global energy markets.
President says he is weighing 'winding down' operations despite unaccomplished war goals as fuel costs devastate household budgets across the South and Southwest.
WatchNational gasoline prices hit $3.92 a gallon on Friday — up nearly a dollar since February 28 — as the Iran war's closure of the Strait of Hormuz triggers the largest oil supply disruption in history and raises fears of 1970s-style stagflation.
Treasury Secretary Scott Bessent authorized the temporary sale of Iranian crude oil stranded at sea in a desperate bid to cool gas prices near $4 a gallon, even as the Pentagon deployed thousands more Marines and requested $200 billion in war funding.
Brent crude surges 40% since conflict began. Analysts warn prices could reach $150.