At the world’s largest energy industry gathering, there’s one question on top of everyone’s minds.

In a twist of wartime irony, the United States has moved to ease sanctions on Iranian oil to cool surging energy prices, a potential boon for Tehran.

Goldman Sachs Group Inc. raised its oil price forecasts for 2026 due to the prolonged disruption of flows through the Strait of Hormuz, which it described as the largest-ever supply shock for the global crude market.

Secretary of the Treasury Scott Bessent flipped between outraged, celebratory, and at a loss for words as he fought to justify the president’s lifted sanctions on Iranian oil stored on tankers. “Why is the U.

With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.

The Treasury Department’s authorization of the sale of Iranian crude already at sea is likely to provide revenue for Iran’s war effort against the U.S.

Even with oil prices climbing, people in West Texas say it doesn’t feel like the start of another boom, at least not yet.

Popular Florida family theme park closes down for new development The Strait of Hormuz crisis has driven oil prices to four-year highs, disrupting global energy supplies. Rising fuel and fertilizer costs are pushing gas and grocery prices significantly higher for consumers.