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A much-anticipated and record-breaking release of crude oil from the world's emergency stockpiles is starting, as the U.S. Strategic Petroleum Reserve is set to provide nearly half of the backup supplies.
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Iran regime's resilience poses a challenge and Trump's tariff war enters new phase: Morning Rundown NBC NewsGas is just the start: What else the Iran war could soon cost you CNNAn attack on the world economy The EconomistTrump Touts Strikes on Iran, Downplays Mine Threat in Hormuz BloombergThe Economic Winners and Losers of the Iran War WSJ
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The war in the Middle East has sent oil and gas prices soaring. Our energy reporter Rebecca F. Elliott breaks down how much the world continues to depend on reliable sources of oil.
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The American economy is already feeling the effects of a conflict that has driven oil prices over $100 a barrel, and it could get worse.
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Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed.
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