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Futures for the Dow Jones Industrial Average and other major stock indexes traded slightly lower ahead of Tuesday's open, after President Donald Trump's comments on the U.S.-Iran conflict Monday sparked a stock market reversal. Oil prices tumbled after spiking above $119 a barrel in volatile trading. Broadcom shares jumped 4.6% Monday, bullishly retaking its 50-day moving average. Shares are forming a new base. Micron stock found much-needed support at the 50-day line, reversing up 5.1%. Nvidia stock erased early losses to rally 2.7% Monday. Shares found support at their long-term 200-day line, but remain below their 50-day. Finally, Tesla shares...

Eight months before the crucial midterm elections, the administration of President Donald Trump is battling high living costs. The strike against Iran threatens to undo the first successes achieved in the struggle against inflation via falling energy prices. Ludwig Erhard understood the formula for sustained political success. The equation was as simple as it was powerful: stable money circulating in free markets coordinates the millions of individual decisions made by households, businesses, and credit institutions -- day after day -- in the most efficient manner. Stable money requires a lean state. Public debt, meanwhile, is widely regarded as the primary...

At present, there is no sign of de-escalation in the Iran conflict. The Strait of Hormuz has become a geopolitical chokepoint that could plunge the global economy into a severe crisis. While European governments work on emergency plans to mitigate soaring energy prices, the maritime insurance market is experiencing a seismic shock. War is raging in Iran. Amid the fog of propaganda, it is increasingly difficult to separate fact from fiction, to distinguish AI-generated material from actual bomb strikes, and to see behind the carefully woven veil of media spin and national interests. Yet, we attempt here to make sense...

One of the concerns about the military action against Iran is whether it would put the transport of oil in danger regarding things like traversing the Strait of Hormuz, through which about 20 percent of the global energy supply moves. The Trump administration had the national average gas price down below $3.00 a gallon, but due to those concerns gas prices rose last week. Secretary of Energy Chris Wright hit the Sunday shows to reassure people that the spike would be temporary. Here's what he said to Fox's Shannon Bream:.@SecretaryWright: "The plan is to get oil, and natural gas, and...

The Trump administration has turned Venezuela into a significant U.S. oil supplier, Interior Secretary Doug Burgum said Sunday, arguing the shift will help offset Middle East disruptions and ease pressure from the global shipping crisis. "[Venezuela] was a sanctioned adversary, and now they're a strategic ally with the largest reserves with no threat of the chokehold like we have in the Strait of Hormuz," Burgum told "The Sunday Briefing." "Venezuelan oil can flow to America freely and is starting to flow, will continue to flow, and these are the kinds of things that are going to bring gas prices down...

As gas prices continue climbing in California — already the highest in the nation — residents are increasingly venting their frustration at Gov. Gavin Newsom, accusing him and Sacramento of piling on policies and “taxing us to death.” The backlash centers on draft regulations tied to the state’s Cap-and-Invest program, overseen by the California Air Resources Board, which sets a statewide cap on greenhouse gas emissions and requires major polluters to purchase allowances for each ton of carbon they emit. Critics say tightening those caps — strongly backed by Newsom — could further drive up the cost of gasoline and...

Global oil prices could breach the $100 (£74) a barrel mark within days, and reach $150 a barrel by the end of the month, without a solution ​to the severe disruption in crude flows through the strait ‌of Hormuz, Goldman Sachs has warned. Oil exports via the vital trade route linking the world’s biggest oil producers to buyers in the global market have fallen further than the US investment bank had initially expected after the US-Israeli attack on Iran a little over a week ago. Goldman Sachs had anticipated that flows of crude through the strait would fall to 15%...

The history of the global trading system is a story of narrow and vulnerable waterways: the Suez and Panama Canals, the St. Lawrence Seaway, the Straits of Dover and the Skagerrak, which defends the entrance to the Baltic. But none has the power to seize up the global economy as much as the Strait of Hormuz. Barely 30 miles wide at the narrowest point and bounded on one side by the state of Iran, this passage is used for a quarter of the world’s oil supplies and a fifth of its liquified natural gas (LNG). As we have now discovered,...

Russia has a question for the European countries that have shunned its energy exports: Do you miss us now? The Kremlin is enjoying a sudden resurgence of its importance as a global supplier of oil and gas, as the conflict in Iran disrupts energy production and shipment across the Middle East and sends global energy prices soaring. “Now other markets are opening up, and perhaps it’s more advantageous for us to stop supplying the European market right now,” Mr. Putin said on Wednesday to a state television reporter, Pavel Zarubin, who chronicles the Russian leader. “We are seeing an increase...

After slapping 25% "penalty" tariffs on India for buying Russian crude — revoked last month — the U.S. on Thursday issued a 30-day waiver to New Delhi for purchasing crude from Moscow as the Iran war upends global supplies. The West Texas Intermediate oil surged 8.51%, or $6.35, to close at $81.01 per barrel on Thursday in the biggest single day gain since May 2020. Global benchmark Brent rose 4.93%, or $4.01, to settle at $85.41 per barrel. The waiver on purchasing Russian oil will help ease supply worries globally, as India is the world's fourth biggest refiner and and...

CARACAS, Venezuela – President Hugo Chavez has turned to his friends in Cuba for help in tackling Venezuela's energy crisis, drawing criticism for seeking advice from the communist-led island that has struggled with its own electricity woes. Chavez gave few details on Wednesday about what is expected of Cuba, but insisted that "it's valuable experience that's serving us well." He said that he spoke for hours Tuesday with Cuban Vice President Ramiro Valdes after his arrival in Venezuela to lead the consulting team. The decision to seek help from Cuba bewildered Venezuelans coping with the nation's power shortage. "It's laughable...

Utah leaders are aggressively pursuing nuclear power, but a controversial “poison pill” lingers: what to do with the dangerous waste. Now the state is exploring whether to become one of the antidotes for the nation — by potentially storing nuclear waste in the massive salt deposit in Millard County. Caverns carved into the salt dome already hold natural gas liquids, gasoline and other fuels. Separate storage of hydrogen began there this year. The Trump administration wants states to volunteer as hosts for “nuclear lifecycle innovation campuses” — sites that will take radioactive material for a variety of uses, like storage,...

Critics, including us, have been warning that New Yorkers’ energy costs are about to soar even higher, thanks to the state’s insane 2019 climate law. Now, a state agency itself is confirming those warnings — and has even put a price tag on the pain: a whopping $4,100 a year extra per household by 2031. That’s just for electricity, reports the New York State Energy Research and Development Agency; the bill for gas for home heating, as well as gasoline costs, are also set to shoot up. At the pump a gallon of gas is expected to go up an...

A North Dakota judge finalized a potentially fatal verdict against Greenpeace on Friday, affirming a $345 million jury award against the storied environmental group that Greenpeace has said may force it into bankruptcy in the United States. The verdict was reached last year after a bruising trial brought by the pipeline company Energy Transfer over Greenpeace’s role in protests against the Dakota Access Pipeline, an 1,172-mile pipeline that carries oil from North Dakota to Illinois. Energy Transfer claimed Greenpeace had played a major role in the protests a decade ago, forcing construction delays and costing the company money. Greenpeace has...

The first attack against a ship in the Strait of Hormuz occurred on Sunday morning.Oman's Maritime Security Centre announced that an oil tanker named Skylight, flying the flag of the Republic of Palau, was targeted around five nautical miles (9.26km) north of Khasab Port.In a statement shared on X, Oman authorities confirmed that there were 20 crew members on board, including 15 holding Indian nationality and 5 of Iranian nationality, and they were all evacuated.Preliminary information also indicates that at least four people were injured and have been transferred to receive medical treatment.It has not been specified who attacked or...

LONDON, March 1 (Reuters) - Brent crude jumped 10% to about $80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that prices could climb as high as $100 after U.S. and Israeli strikes on Iran plunged the Middle East into a new war.

For the past half century, successive Presidential administrations and the Nuclear Regulatory Commission have thwarted the development of advanced reactor designs...That all changed last May, when President Trump issued four executive orders aimed at reinvigorating the U.S. nuclear energy industry.

President Donald Trump is set to visit the Port of Corpus Christi on Friday to deliver remarks focused on the economy and his administration's push for expanded domestic energy production, just days before the primary election.

The U.S. Treasury Department on Wednesday announced a new licensing policy to streamline the resale of Venezuelan oil to Cuba, with the goal of supporting the island’s private sector and bolstering humanitarian efforts amid ongoing fuel crises. The Office of Foreign Asset Control (OFAC) will extend the new licensing policy to specific applications seeking authorization for the resale of Venezuelan oil for use in Cuba.The move was done “in accordance with the United States’ support and solidarity for the Cuban people,” reads the new policy.The policy does not cover entities or persons connected to the Cuban military, intelligence services, or...

Donut Lab commissioned VTT to validate its bold solid-state claims, and the results show near-full capacity retention even after ultra-fast charging... Rapid charging under test VTT Technical Research Centre ran the tests in what engineers described as a worst-case scenario. The lab did not use active temperature controls. It also let the cell’s heat rise freely at high charging rates. Experts measured performance using C-rates, where 1C equals a one-hour charge from empty to full. Under that scale, 5C roughly equals a 12-minute charge, and 11C is about a five- to six-minute charge. The process began with a standard discharge...