Energy Prices
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rte.ieOil Prices Rise Above $93 After Israel Advances in Lebanon
Brent crude futures climbed more than 2 percent in early Asian trade on Monday. The increase followed Israeli orders for deeper troop movements into Lebanon despite a six-week-old ceasefire.
indiatoday.intoday.inIran war raises jet fuel costs and cuts flights to Southeast Asia
Elevated fuel prices and route changes linked to the Iran conflict have prompted airlines to cancel flights and increase fares to tourism-dependent countries. Tourism revenue supports millions of jobs and contributes up to 13 percent of GDP in Thailand.
SemaforChina Manufacturing Activity Slowed in May Amid Higher Oil Prices
Official data showed Chinese factory output declined in May. Rising oil prices linked to the Iran conflict contributed to the slowdown, while exports stayed above last year's levels.
realitytea.comTrump Weighs 60-Day Ceasefire Extension With Iran as U.S. Officials Push to Reopen Strait of Hormuz
President Trump told Fox News his forces spared Iran's ground forces to avoid chaos, while talks continue on extending the three-month-old ceasefire and reopening the Strait of Hormuz.
koreaherald.comSouth Korea Marks One Year of Lee Jae Myung Presidency
President Lee Jae Myung reaches one year in office this week with the KOSPI at record highs, yet faces external shocks from Middle East tensions and domestic housing concerns.
upi.comU.S. Stock Indexes Reach Record Highs as Oil Prices Decline
Major U.S. stock indexes closed at new highs on the same day oil prices fell. The S&P 500 extended a nine-week winning streak. Reports linked the moves to developments in Middle East energy markets.
thestreet.comKansas City Fed President Says Oil Price Shock Is Not Transitory
Federal Reserve Bank of Kansas City President Jeffrey Schmid stated that elevated baseline inflation makes it difficult for the central bank to look through surging oil prices. He spoke at a conference in Iceland on May 29, 2026.
cointelegraph.comNic Carter Says Data Shows No Clear Link Between AI Data Centers and Higher Residential Power Rates
Castle Ventures partner Nic Carter reviewed government and industry reports and found no evidence that AI data centers have driven up residential electricity prices. He noted that states with the most data centers currently have the lowest rates.
techjuice.pkChina Export Prices Rose 5 Percent in April
Chinese export prices increased 5 percent in April from a year earlier, the largest gain since April 2023. The rise followed higher oil prices that raised costs for manufacturing inputs.
asiaone.comCentral Bank Official Says Policy Response to Energy Costs Will Be Timely and Measured
A central bank official stated that officials will respond to energy price increases to prevent them from becoming ongoing inflation. The remarks addressed how policy actions would be calibrated.
The IndependentU.S. inflation data shows 3.8 percent annual rise in May 2026
The Commerce Department reported that the Personal Consumption Expenditures Price Index rose 3.8 percent from a year earlier. Core PCE, excluding food and energy, increased 3.3 percent over the same period.
BenzingaTIPS ETFs Draw Inflows as April Inflation Data Shows Energy Price Rise
Inflation data released this month showed the Federal Reserve's preferred gauge rising to a nearly three-year high. Energy prices contributed to the increase, prompting some investors to add to TIPS funds.
finance.yahoo.comSurvey Finds One in Four Americans Delaying Car Maintenance Over Gas Prices
A new survey reports that 25 percent of American drivers are postponing vehicle maintenance because of higher fuel costs. The poll also measured related changes in driving habits and spending priorities.
order-order.comUK Electricity Prices Locked in Through 2040 Under Current Contracts
A University of Oxford economist stated that fixed-price renewable contracts will keep UK electricity costs elevated until at least 2040. The Ofgem price cap rose 13 percent this week, adding £221 annually to average household bills.
rte.ieApril Consumer Prices Reach Highest Level in Nearly Three Years
A government report released Thursday showed consumer prices rose to their highest level in almost three years. The data arrived during the first month under the new Federal Reserve chief.
news.sky.comBritain's Energy Price Cap to Rise 13 Percent From July 1
The energy price cap will increase 13 percent on July 1, lifting the annual bill for a typical household to £1,862. Gas unit rates are set to rise 24 percent under the new cap.
focustaiwan.twS&P 500 Reaches Record High in May Amid Higher Gasoline Prices
The S&P 500 set a new record on Wednesday after nine record closes in May. The index rose despite higher gasoline prices and lower consumer confidence readings.
rte.ieSwing Voters Report High Gas Prices Affecting Household Budgets
Voters in swing states say rising fuel costs are influencing their personal finances. NPR's Swing Shift project found these voters divided on responsibility for the price increases.
crooksandliars.comAmericans Cut Car Use as Fuel Prices Rise
Rising gasoline costs have prompted some drivers to seek alternatives. One reported case involves switching to a battery-powered toy vehicle for short trips.
BloombergUS and Iran Reach Accord
Benchmark oil prices dropped to their lowest levels in more than a month after reports of progress toward ending the US-Iran war. Treasury prices advanced in response to the potential easing of inflationary pressure.
thehindu.comIran War Updates Include Energy Price Changes and Lebanon Strikes
Energy regulators and companies adjusted price caps amid global supply disruptions. Israeli strikes in Lebanon killed at least 31 people over the past day.
jpost.comIranian Guard Official Says Renewed U.S. War Unlikely, States Readiness
An Islamic Revolutionary Guard Corps official told Tasnim news agency that renewed war with the United States is unlikely. The same official stated Iran is prepared to repel any attack and would turn its southern coast into a graveyard for aggressors.
rte.ieSweden Says Russian Economy Contracted 8 Percent From 2020 to 2024
Swedish officials presented data showing Russia's economy shrank while official figures reported growth. The analysis used nighttime luminosity and interest-rate signals to assess inflation and output.
Australian Energy Regulator Cuts Default Power Prices Up to 10 Percent
The Australian Energy Regulator lowered the default market offer for households and small businesses in New South Wales, south-east Queensland and South Australia. Benchmark prices will fall between 1.1 and 10.7 percent for households and up to 20.9 percent for small businesses.…
The IndependentTrump Says Wind Power Is Most Expensive Energy Source
President Trump stated that wind energy is the most expensive form of energy and linked UK Prime Minister Keir Starmer's unpopularity to support for wind farms. The Independent reported that offshore wind in the UK averages around £97 per megawatt-hour and onshore wind around £77…
financialpost.comEnergy Cost Rise Shows No Second-Round Effects in Euro Area
A recent increase in energy prices has not produced measurable follow-on effects across the broader euro-area economy. Officials at the European Central Bank have noted the absence of these secondary impacts so far.
rte.ieGas Prices Rise as Conflict Affects Oil Shipments Through Strait of Hormuz
Gasoline prices increased following developments in the Iran conflict. Officials stated the price spike would be temporary. The average price per gallon in the United States remained lower than in France and the United Kingdom.
SemaforAfrican Development Bank Opens Annual Meeting in Brazzaville
The African Development Bank began its week-long annual meeting on May 25, 2026, in Brazzaville. The gathering occurs against the backdrop of an Ebola outbreak in central Africa and higher fuel prices linked to the Iran war.
The IndependentUK Energy Price Cap Expected to Rise £209 from July
Ofgem will announce the new energy price cap for July to September on Wednesday. Forecasts show an increase of £209 for a typical dual fuel household.
New York PostCalifornia Gas Prices Reach Highest in U.S. at $6 per Gallon
California drivers paid the nation's highest gasoline prices over Memorial Day weekend. State policies and taxes were cited as contributing factors by industry representatives.
Nbc NewsHigher Fuel Prices Expected for U.S. Summer Travel
Disruptions linked to conflict near the Strait of Hormuz are raising fuel costs for American drivers and airline passengers. NBC News reported that millions of travelers face elevated prices this summer season.
The GuardianOil prices near $100 after Strait of Hormuz closure, IEA reports record stock draw
Crude prices have risen about $100 per barrel since Iran closed the Strait of Hormuz three months ago. The International Energy Agency said oil inventories are declining at a record pace, with some analysts warning of critically low levels by June.
rte.ieHigher Gas Prices Limit Memorial Day Travel for Some Americans
AAA projects more than 45 million Americans will travel over 50 miles for Memorial Day weekend. Several individuals told ABC News that increased fuel and living costs have restricted their plans and daily activities.
30-Year Mortgage Rate Rises to 6.51 Percent This Week
The average U.S. 30-year fixed mortgage rate increased to 6.51 percent from 6.36 percent, Freddie Mac reported Thursday. The rate remains below the 6.86 percent level recorded one year earlier.
rte.ieU.S. Gasoline Prices Remain Elevated After Iran Conflict
National average gasoline prices reached $4.55 per gallon as of May 22. The increase follows the closure of the Strait of Hormuz during the third month of the U.S.-Iran conflict.
rte.ieGasoline prices rise ahead of Memorial Day weekend
Average U.S. gasoline prices increased ahead of the Memorial Day holiday. The rise coincides with the traditional start of summer driving season.
Los Angeles TimesCalifornia Governor Advises Drivers to Avoid Chevron Stations
Gov. Gavin Newsom posted on X urging Californians to skip Chevron stations over the holiday weekend. Chevron has posted signs at some stations attributing high prices to state policies.
BenzingaFederal Reserve Chairman Sworn In as Inflation Data Shows April Rise
The new Federal Reserve chairman was sworn in Friday. Officials stated a preference for independence while inflation data for April reached 3.8 percent.
japantimes.co.jpUK Chancellor Announces Summer Cost of Living Measures
Chancellor Rachel Reeves unveiled a package of temporary measures aimed at easing financial pressures for families during the summer holidays. The steps include reduced VAT on attractions, free bus travel for children, and a delay in fuel duty increases.
swissinfo.chU.S. Consumer Sentiment Falls to Record Low in May
The University of Michigan index dropped to 44.8, its lowest level on record, as consumers cited rising gasoline prices tied to supply disruptions in the Strait of Hormuz.
New York PostU.S. gasoline prices hit $4.55 per gallon
The national average for regular gasoline rose to $4.55 a gallon on Friday, up more than 50 percent since late February. Researchers estimate Americans have paid nearly $45 billion in additional fuel costs since the conflict began.
rediff.comCalifornia Governor Urges Drivers to Avoid Chevron Stations Over Gas Prices
The governor's office posted advice on social media directing drivers to unbranded stations for Memorial Day weekend travel. Chevron has placed signs at its stations attributing high prices to state climate policies.
The IndependentEU Officials Project Higher Oil and Gas Prices Through 2027
European Union officials stated Friday that oil and gas prices are expected to stay above pre-conflict levels at least until the end of 2027. The projections also include higher inflation and slower economic growth for the eurozone.
financialpost.comOil Traders Create Acronym for Strait of Hormuz Outlook
Oil market participants have coined the acronym NACHO to describe expectations that the Strait of Hormuz will remain open. Brent crude prices fell 6 percent during the week despite the outlook.
ansa.itUK Consumer Confidence Falls in May as Energy Costs Rise
A survey found that confidence among Britain’s lowest earners dropped sharply in May. Average-income households also reported using savings for daily expenses amid higher energy prices.
nypost.comChevron Places Signs at California Stations Blaming State Policies for High Gas Prices
Chevron has posted signs at its California gas stations attributing elevated fuel prices to state policies. The signs appear ahead of the Memorial Day weekend as statewide averages exceed the national figure.
newser.comAverage U.S. Gas Price Exceeds $4 in Every State
The national average reached $4.56 per gallon on May 20. Prices rose after the closure of the Strait of Hormuz amid the war in Iran.
etftrends.comFed Official Says Inflation Target Was Near Before Tariffs and Oil Prices Rose
A Federal Reserve official stated that the central bank had been close to meeting its inflation target before tariffs and higher oil prices took effect. The comments address recent economic pressures on price stability.
bbc.co.ukWalmart Reports Slower Sales Growth as Gas Prices Rise
Walmart said higher gasoline prices are prompting U.S. consumers to reduce spending. The retailer lowered its sales growth forecast for the current quarter.
medium.comTurkey Sold Nearly All U.S. Treasuries in March to Support Lira
Turkey reduced its holdings of U.S. Treasury securities to $1.8 billion by the end of March. The sales formed part of efforts to support the lira amid higher energy costs and market outflows.
The IndependentGovernment Announces Measures to Address Cost of Living Pressures
Officials unveiled a package of measures aimed at offsetting higher fuel and travel costs for workers. The steps include changes to mileage rates and targeted support for families and specific industries.
The IndependentU.S. Unemployment Claims Fall to 209,000 as Oil Prices Rise
New applications for unemployment benefits dropped last week while inflation and energy prices increased. The Labor Department reported the data Thursday amid ongoing Middle East conflict and higher oil costs.
Fuel Surcharges Raise Building Costs in Sydney Residential Projects
Rising diesel prices linked to the Middle East conflict have added fuel levies and material surcharges to residential construction in Sydney. Builders report extra costs on items including gyprock, concrete, insulation and deliveries. The increases coincide with Reserve Bank conc…
news.sky.comUK Energy Price Cap Forecast to Rise 13 Percent for July-September Period
Cornwall Insight projects the typical dual-fuel household bill will reach £1,850 between July and September. The forecast attributes the increase to wholesale price volatility linked to developments in the Middle East.
rte.ieEnergy Price Increases Follow Strait of Hormuz Disruption
Oil and gas prices have risen after the Strait of Hormuz disruption. Producer price expectations in energy-intensive sectors have increased while consumer inflation remains concentrated in energy components. Labor markets have cooled in several advanced economies.
cnbc.comU.S. National Average Gasoline Price Reaches $4.50 per Gallon
The national average price for a gallon of gasoline has risen more than $1.50 since the start of the conflict with Iran. The increase has raised monthly fuel costs for drivers in several states.
EuronewsEU Fertiliser Plan Aims to Address Energy and Food Price Links
The European Commission has introduced a fertiliser plan to reduce the impact of energy price volatility on food costs. Officials said the measures target fertiliser production and farmer support ahead of the next planting season.
nypost.comTrump Says Higher Gas Prices Are Temporary Cost of Stopping Iran Nuclear Program
President Trump said Tuesday that current U.S. gas prices averaging $4.533 per gallon are temporary and worth enduring to prevent Iran from acquiring nuclear weapons. He linked the price spike to Tehran shutting down traffic through the Strait of Hormuz after U.S. and Israeli str…
dcvelocity.comCalifornia Air Resources Board to Consider Free Carbon Permits for Refineries
State regulators will vote May 28 on issuing up to $4 billion in free carbon emission permits, half reserved for oil companies. The proposal responds to gasoline prices averaging $6 per gallon and two recent refinery closures.
Fox NewsPresident Trump Defends Military Operation Against Iran
President Trump stated that military action against Iran is necessary to prevent the country from obtaining nuclear weapons. The operation has resulted in the deaths of 13 American soldiers and increased oil prices.