Energy
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The newest developments in energy and climate change.
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U.S. reimposes blockade and steps up strikes as Iran threatens to halt Mideast energy exports
Iran’s Revolutionary Guard threatened Wednesday to halt all energy exports from the Middle East over the blockade.
Oil continues rising despite Trump’s dropping Hormuz ‘reimbursement fee’
The price of international Brent crude oil has risen more than 15% since Sunday to levels not seen since June. 
Oil surges more than 9% after Trump reimposes Iran blockade
Trump said the U.S. “will be reimbursed” for helping ships through the Strait of Hormuz. Crude oil hit its highest price in about a month.
Oil prices surge, stocks slide after Trump says Iran ceasefire is ‘over’
The reversal in oil markets could mean gas prices will rise again after weeks of declines.
Oil prices jump 5% after U.S. revokes Iran oil sanctions waiver following ship attacks
Stocks fell after reports of oil and gas tankers being fired upon. But shares of semiconductor makers weighed heavily on markets, too.
Europe
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To AC or not to AC? That is the question roiling a boiling Europe in a historic heat wave
Europeans typically see AC as an extravagance, a short-term fix that in fact would exacerbate the climate crisis it sought to remedy.
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The widening split in U.S. markets that’s making investors nervous
Oil prices have decoupled from the bond market, creating “a market configuration that seems strange,” a top economist said.
Oil falls below $75 for the first time since March as Hormuz traffic begins to recover
Treasury Secretary Scott Bessent issued a 60-day sanctions waiver for Iranian oil purchases.
Critical oil storage hubs hit decades-low levels with no relief in sight
The biggest U.S. commercial oil storage facility has reached an “operational stress” level.
Why Trump’s eyes are on Iran’s Kharg Island — and why that's a risk
The island less than 20 miles off Iran accounts for more than 90% of the country's oil exports.
Trump downplays inflation concerns as rate hits highest level since early 2023
Addressing the latest data, the president said, “I love the inflation” because “when the war is over, it’s coming down.”
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No water, no relief: Puerto Ricans suffer under historic drought and few resources
