Iran

Economist Robert Reich has criticized Transport Secretary Sean Duffy‘s reality TV show, flagging its funding by transport industry stakeholders, as ordinary Americans continue to pay higher prices for gas. Robert Reich Flags Sponsorships In a post on X on Monday, Reich criticized the...

The Trump administration announced that it would loan 53.3 million barrels of crude oil from the U.S. Strategic Petroleum Reserve (SPR) to energy companies to counteract high crude oil prices amid the Iran war. The loan is part of a global agreement aimed at stabilizing the oil...

Economist Peter Schiff, who is also the co-founder of Echelon Wealth Partners, cautioned against eliminating the Federal gas tax on Monday, as it could weaken the dollar and lead to higher oil prices. Higher Oil Prices In a post on X, Schiff weighed in on surging oil and gas prices, saying that...

As the U.S.-Iran war enters its 11th week with no clear end in sight, analysts warn that global markets will remain on high alert due to the ongoing closure of the Strait of Hormuz. The lack of significant military action for over a month suggests a strong U.S. inclination towards a...

President Donald Trump‘s Energy Secretary Chris Wright on Sunday declined to make predictions on gas prices falling below $3/gallon in the U.S. amid the Iran war. Can’t Make Predictions In an interview with NBC, Wright was asked when he thought gas prices could fall in the U.S. after he...

The global oil market is witnessing a shift in demand dynamics as Chinese crude oil imports fall sharply. China Oil Imports Decline According to an X post by The Kobeissi Letter on Sunday, China's crude oil imports slid 20% month over month in April to 8.2 million barrels per day, the lowest level...

Energy Secretary Chris Wright has indicated a willingness to suspend the federal gas tax, amid escalating fuel costs. When questioned about the feasibility of suspending the federal gas tax, currently around 18 cents per gallon, on NBC News’ “Meet the Press” on Sunday, Wright...

As the summit between President Donald Trump and Chinese President Xi Jinping approaches, Sen. Jack Reed (D-R.I.) has voiced concerns over Trump’s readiness for the meeting. Reed’s comments come amid escalating tensions with Iran and economic challenges at home. Trump ‘Terribly Weakened...

Sen. Bernie Sanders (I-Vt.) took to social media on Sunday to challenge the Trump Administration‘s financial projections for the war in Iran. Sanders Warns Of Ballooning Iran War Costs Sanders stated that the administration’s claim that the war will cost $25 billion...

The United Kingdom is deploying HMS Dragon, a Type-45 guided-missile destroyer, to the Middle East as part of a UK-France-led multinational coalition planning naval escorts through the Strait of Hormuz once ceasefire conditions stabilize. HMS Dragon Headed To Hormuz “The pre-positioning of...

On Saturday, President Donald Trump shared an AI-generated image showing destroyed Iranian warships as his administration awaited Tehran's response to a proposed peace plan. Trump Shares AI Image Amid Iran Tensions Trump posted the composite image on Truth Social, which shows "159 Iranian ships" in...

Governor Gavin Newsom (D-CA) on Thursday criticized Transportation Secretary Sean Duffy for urging Americans to take road trips as gas prices surged in the U.S. Americans Paying 50% More For Gas In a post on X, Newsom’s Press Office quoted a video where Duffy shared his thoughts on the rising...

Investor and co-founder of Echelon Wealth Partners, Peter Schiff, thinks that the current oil prices may not return to pre-Iran war levels any time soon amid escalating tensions between Washington and Tehran. Trump Could Decide To Break Deal In a post on the social media platform X on Wednesday,...

Governor Gavin Newsom (D-CA) on Wednesday slammed the President Donald Trump administration for hailing high gas prices in the U.S. following White House Chief Economist Kevin Hassett‘s comments about surging credit card spending. Bragging About Gas Prices “The Trump Administration is...

Conservative radio host Hugh Hewitt called the reported U.S.-Iran draft agreement a "terrible deal" on Wednesday, two days after President Donald Trump appeared on his show and as the White House paused a naval operation in the Strait of Hormuz. Hewitt Warns Against Iran Concessions Trump abruptly...