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Energy

Gas prices hit $5 across the suburbs; key inflation gauge jumps to highest level in 3 years

By CHRISTOPHER RUGABER
Apr 30, 2026 7:57 am - A key inflation measure jumped in March as gas prices soared, the latest sign that the Iran war is pushing up the cost of living and delaying any interest rate cuts by the Federal Reserve.
Another Russian oil facility burns after Zelenskyy touts Ukraine’s drone reach

By The Associated Press
Apr 29, 2026 8:21 am - Another oil facility deep inside Russia was reportedly on fire Wednesday following what Ukraine’s president claimed was his country’s latest long-range drone attack.
US consumer confidence inches higher in April despite Iran war, soaring gasoline prices

By MATT OTT
Apr 28, 2026 10:16 am - U.S. consumer confidence rose modestly in April despite growing anxiety over soaring energy prices brought on by the war in Iran.
United Arab Emirates says it will leave OPEC, a blow to the oil cartel

By JON GAMBRELL
Apr 28, 2026 7:58 am - The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of one of its largest producers and further weakening its leverage over global oil supplies and prices.
Trump administration to pay 2 more companies to walk away from US offshore wind leases

By JENNIFER McDERMOTT and MATTHEW DALY
Apr 27, 2026 4:15 pm - WASHINGTON — The Trump administration announced two more payouts Monday for energy companies to walk away from U.S. offshore wind projects under development. Bluepoint Wi...
Iran offers to reopen Strait of Hormuz if US lifts its blockade and the war ends, officials say

By SAMY MAGDY, JON GAMBRELL and ELENA BECATOROS
Apr 27, 2026 8:29 am - Iran has offered to end its chokehold on the Strait of Hormuz if the U.S. lifts its blockade on the country and ends the war in a proposal that would postpone discussions on the Islamic Republic's nuclear program, two regional officials said Monday.
Lake in the Hills extends time for solar farm construction

By Claire O'Brien
Apr 26, 2026 4:38 pm - Lake in the Hills officials have granted another extension for construction of a planned solar farm.
Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold

By ALMA SOLÍS and MEGAN JANETSKY
Apr 24, 2026 7:25 am - Businesses have doled out up as much as $4 million to move boats through the Panama Canal with the Strait of Hormuz effectively closed, according to the Panama Canal Authority, in a move that has created a seismic shift in global trade flows.
Trump dispatches Witkoff and Kushner to Pakistan for new talks with Iran's foreign minister

By MUNIR AHMED, JON GAMBRELL, and DAVID RISING
Apr 24, 2026 7:22 am - President Donald Trump is sending his envoys Steve Witkoff and Jared Kushner to Pakistan to meet with Iran's foreign minister, the White House said Friday, as officials in the South Asian nation pushed to revive ceasefire talks between the U.S. and Iran.
Nuclear energy is having a global revival 40 years after Chernobyl

By VLADIMIR ISACHENKOV
Apr 23, 2026 8:18 am - The 1986 Chernobyl nuclear disaster fueled global fears about nuclear energy and slowed down its development in Europe and other regions. But four decades after the accident, nuclear power is seeing a global revival.

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