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

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

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.

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.

Trump administration officials are making a desperate push to secure every available barrel of oil amid a worsening energy crisis — even if it means lifting sanctions on the very country that they’re fighting against.

India has kept retail fuel prices stable for now by relying on refinery absorption, strong inventories, and diversified crude supplies despite a sharp surge in its oil basket price.

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.