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Energy

Major oil companies reap massive profits as US and Iran fighting drives energy prices higher

By CATHY BUSSEWITZ
Jul 31, 2026 7:29 am - American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.
Base Power launches backyard battery backup system for ComEd customers

By ROBERT CHANNICK
Jul 30, 2026 6:42 am - As energy prices continue to rise and power outages become more frequent amid extreme weather events, ComEd customers have a new option to help navigate both problems. A giant backyard battery.
Iran resumes missile attacks as US and Saudis strike Tehran-backed militias in Iraq

By SAMY MAGDY and ELENA BECATOROS
Jul 29, 2026 10:11 am - Iran launched a barrage of missiles at American forces in the Middle East early Wednesday as the U.S. partnered with Saudi Arabia to strike Tehran-backed militias in neighboring Iraq, killing at least 20 fighters.
Ukraine says it hits 2 major Russian oil refineries hours after Zelenskyy's meeting with Trump

By HANNA ARHIROVA and BARRY HATTON
Jul 29, 2026 7:36 am - Ukrainian forces hit two of Russia’s biggest oil refineries overnight in its latest long-range strikes, officials said Wednesday, as Kyiv deepened its economic, military and diplomatic pressure on Moscow.
Americans’ confidence in US economy falls as Iran conflict sends gas prices higher

By MATT OTT
Jul 28, 2026 10:35 am - Americans’ confidence in the economy fell this month as gas prices resumed their climb after the U.S. and Iran stepped up their fighting.
Zelenskyy has a ‘good meeting’ with Trump at the White House as he seeks more cooperation with US

By SEUNG MIN KIM
Jul 28, 2026 8:29 am - President Donald Trump and Ukrainian President Volodymyr Zelenskyy met Tuesday ahead of Sen. Lindsey Graham's funeral, with the two leaders discussing ways for Ukraine to produce its own powerful weapons and “other ideas that could help” in its ongoing war against Russia.
Five States Offer to Host US Nuclear Waste Under Trump’s Plan

By Ari Natter
Jul 28, 2026 8:11 am - Tennessee, Utah and three other US states are offering to take atomic waste in exchange for federal government help in spurring development of the long-dormant domestic nuclear energy sector.
US and Iran trade strikes over Strait of Hormuz. Kuwait suffers infrastructure damage

By JON GAMBRELL and TOQA EZZIDIN
Jul 18, 2026 7:34 am - The United States and Iran exchanged strikes aimed at infrastructure and military targets on Saturday as their battle over the Strait of Hormuz intensified.
US airstrikes hit northern Iran as it disables ship trying to run the blockade

By JON GAMBRELL
Jul 15, 2026 7:37 am - The U.S. reimposed a naval blockade on Iran and intensified its airstrike campaign Wednesday in retaliation for Tehran’s attacks on ships trying to pass through the Strait of Hormuz. The American strikes hit an Iranian army barracks, killed at least seven troops and wounded hundreds of people across the country, Iranian officials said.
Inflation cools more than expected in June as gas costs fall, underlying prices ease

By CHRISTOPHER RUGABER
Jul 14, 2026 7:11 am - U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also cooled more than expected.

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