The war in Iran is driving up fossil fuel prices and highlighting the risks of depending on oil and gasoline. Meanwhile, the Trump administration has unwound policies that would boost alternatives.
oil prices
Posted inNPR
Why it’s so hard for world leaders to bring down oil and gasoline prices
From waiving the Jones Act to rerouting oil through the Red Sea, governments are doing their best to make up for the crisis in the Strait of Hormuz, but prices are still rising.
Posted inNPR
Gasoline prices are still rising as the Iran war stretches into its third week
U.S. gasoline prices are up nearly 80 cents from a month ago, while diesel prices have shot up even more. Diesel is now just under $5 a gallon, according to AAA, up $1.34 from last month.
Posted inNPR
Oil surges to its highest price since 2023, and stocks drop after U.S. jobs report
Stocks fell Friday on worries that the economy could become stuck in a worst-case scenario of stagnating growth and high inflation. Oil prices touched their highest levels since 2023 after surging again because of the Iran war.
Posted inNPR
Why a war in the Middle East hasn’t sparked an oil crisis
Global crude oil prices are now lower than they were before Israel attacked Iran earlier this month. A price spike did occur, but it was short-lived — unlike oil crises of the past.
