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Energy

Key inflation gauge jumps to 3-year high in latest sign of affordability challenges

By CHRISTOPHER RUGABER
Jun 25, 2026 8:23 am - The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for President Donald Trump and his political party as midterm elections near.
Oil tankers navigate the Strait of Hormuz despite threats from Iran's Revolutionary Guard

By JON GAMBRELL and MATTHEW LEE
Jun 25, 2026 7:16 am - DUBAI, United Arab Emirates — A series of tankers made their way out of the Strait of Hormuz on Thursday despite threats to shipping from Iran’s paramilitary Revolutionar...
UN nuclear boss says inspectors will visit Iran sites. Tehran says only after a final deal

By MARI YAMAGUCHI and JON GAMBRELL
Jun 24, 2026 8:36 am - The head of the U.N.'s nuclear agency signaled Wednesday that Iranian nuclear enrichment sites would be visited by his inspectors, a key component in the interim U.S.-Iran to reach an end to the war. But an Iranian diplomat promptly rejected this, saying such a visit can only come after a final deal — a denial that highlighted the precariousness of the ongoing negotiations.
US and Iran dispute whether Tehran has agreed to nuclear inspections

By MUNIR AHMED, DAVID RISING and JON GAMBRELL
Jun 23, 2026 7:10 am - The U.S. and Iran were in dispute Tuesday over whether Tehran had agreed to allow U.N. inspections of its nuclear sites. As officials negotiated over how to permanently end the war in Iran, a separate plan emerged to break the shipping bottleneck through the Strait of Hormuz.
Another solar farm asks for Kane County OK

By Susan Sarkauskas
Jun 19, 2026 2:40 pm - A 32-acre solar electricity-generating installation has been proposed near Sugar Grove in Kane County.
Israel and Hezbollah agree to halt fighting as talks between the US and Iran hang in the balance

By ERIN CUNNINGHAM, DAVID RISING and JON GAMBRELL
Jun 19, 2026 7:38 am - Israel and the Iran-backed Hezbollah militant group agreed Friday to halt the heavy fighting in southern Lebanon that had threatened to unravel an interim peace agreement between the United States and Iran, officials said. Neither Israel nor Hezbollah immediately confirmed the truce.
Federal regulators order grid operators to speed power to energy-hungry AI data centers

By MATTHEW DALY and MARC LEVY
Jun 18, 2026 1:07 pm - Federal regulators on Thursday agreed to let large energy users connect more quickly to the nation’s inefficient and aging electric transmission system to accommodate surging demand from power-hungry artificial intelligence data centers.
Ukrainian drones set a Moscow refinery ablaze in a major attack on the Russian capital

By BARRY HATTON
Jun 18, 2026 9:13 am - Ukraine struck a major Moscow oil refinery Thursday for a second time in a week, sending huge plumes of black smoke over the capital and disrupting flights at its airports in one of its biggest drone attacks since Russia’s full-scale invasion over four years ago, officials said.
US gas prices fall below $4 for 1st time since March, but remain 25% higher than last year

By MICHELLE CHAPMAN
Jun 18, 2026 8:15 am - U.S. gas prices fell below $4 a gallon on average Thursday, but just barely.
Illinois bets on biodiesel: Expanding the market for domestic soybeans

By NAOMI TAXAY
Jun 17, 2026 8:57 am - Illinois offers a sales tax exemption to retailers that sell biodiesel fuels, a law aimed at boosting soybean sales. Fuel that is made up of at least 20% biodiesel qualifies for the incentives as of April, up from 17%. The Illinois Soybean Association estimates the new policy could expand biodiesel demand to about 255 million gallons, up from 165 million gallons when state law set the threshold at 11%.

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