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119 resultsfor “current US gas prices”

Business

Oil price touches $100 a barrel as energy market may be past ‘point of no return’

US-Iran agreement to resume flows through the strait, but even in a blue-sky scenario, with flows normalising, the market will remain tight with inventories critically low,” JP Morgan said. In Europe, gas reserves

The Guardian WorldMay 26
Politics

The cost of 76 years of US wars, from Korea to Iran

price Marwa Jadoon, 40, from Oklahoma, whose name has been changed to keep her identity concealed, says her out-of-pocket expenses have increased by more than 35 percent over the past couple of months

Al Jazeera EnglishApr 28
Politics

US extends sanctions waiver on Russian oil: Why it matters

prices surged above $100 per barrel in the wake of US-Israeli strikes on Iran. In April, Bessent told The Associated Press news agency that Washington had no plans to renew the waiver. But energy

Al Jazeera EnglishMay 19
Politics

Ministers urged to act as households in Great Britain face energy bill ‘anxiety’

US and Iran reopens the strait of Hormuz. The unit price of electricity is expected to rise to 26.03p per kilowatt hour from July, while gas will rise to 7.16p/kWh, according to Cornwall

The Guardian WorldMay 25
Politics

Trump hardens tone against Iran, says ‘may keep going’ with strikes

US attacks and maintain its blockade in the Strait of Hormuz, which has sent energy prices soaring. On Wednesday, Haji Babaei, deputy speaker of the Iranian parliament, said diplomacy will work only when the “demands

Al Jazeera EnglishJun 10
Business

Even if the Iran war ended today, US fuel prices aren’t likely to normalize this year

gas prices shoot up like a rocket and come down like a feather. Should peace be declared, prices could fall on a kneejerk move, but it will take several months – maybe years – for prices

The Guardian WorldMay 23
Politics

Iran shifts economic focus to essentials during war uncertainty

gas proceeds to a [network of trustees](/news/2026/2/23/iran-banks-big-on-murky-oil-trustees-as-war-with-us-on-the-horizon) to import essential goods. These imports will be bought at an official exchange rate of 285,000 rials per US dollar – much lower than the open-market

Al Jazeera EnglishApr 26
Politics

Trump to use wartime powers to dole out $700m to coal industry

prices even more,” said Patrick Drupp, climate policy director of the Sierra Club. “This handout betrays everything Donald Trump promised and only serves his big coal buddies who stroke his ego and hand him shiny

The Guardian WorldJun 4
Business

In five charts - How UAE's exit could affect Opec's influence over the oil price

US President Donald Trump, argue it has used its influence to keep prices higher than they otherwise might have been by limiting supplies. Over the past few decades Opec's influence on oil prices

BBC NewsApr 29
Business

Faisal Islam: Why the UAE's exit from Opec is a big deal

prices of oil, gas, petrol, plastics and food. While the world understandably focuses on oil at $110 per barrel, this is, however, a reason not to discount the chance that it could be closer

BBC NewsApr 28
Politics

UK steps up plans for potential shortages caused by Iran war

gas. Supermarkets have said they are working with the government to help plan for a worst-case scenario. And, last month, the National Farmers' Union said cucumber and tomato prices could rise over the next

BBC NewsApr 25
Politics

Iran war effect: Why is Modi asking Indians to avoid foreign trips, gold?

gas supplies. With rising fuel costs, airlines have [hiked ticket prices](/economy/2026/5/6/airlines-hike-fares-cut-millions-of-seats-as-iran-war-drives-up-fuel-costs). According to the travel search site Kayak, the average international airfare from the US to all destinations was $1,101 in the last

Al Jazeera EnglishMay 11
Politics

Have US-Iran talks failed? Why no deal yet doesn’t mean diplomacy is dead

gas prices in the US, the pressure will continue to build,” she said. Echoing Shortis, academic Rob Geist Pinfold said diplomacy has not failed but for the time being is coming up against “intractable divides

Al Jazeera EnglishApr 27
World

‘A dollar or two increase is devastating’: US readers on toll of rising gas prices

us have no realistic option but to drive … That reality makes the price gouging at the pump feel even more egregious because there is no way to opt out. The ability to make independent financial

The Guardian WorldApr 16
Conflicts

Iran-Iraq Tanker War redux? Why the Strait of Hormuz crisis is different

current hostilities between the US and Iran in the Strait of Hormuz began when Tehran, whose territorial waters extend into the strait, closed passage to all vessels after the US and Israel began bombing

Al Jazeera EnglishApr 24
Politics

Gulf states urge UN action to ensure Strait of Hormuz safety

gas and oil prices soared, the Trump administration imposed an embargo on Iranian ports, impeding Tehran’s ability to export its oil. Bahrain’s envoy to the UN, Jamal Alrowaiei, highlighted the need for “collective

Al Jazeera EnglishMay 7
Politics

What’s in Iran’s latest proposal – and how has the US responded?

currently paused US-Israel war on Iran, which has killed thousands and sent global energy prices soaring. Here is what we know so far: ## What’s in Iran’s latest proposal? Iran’s latest proposal

Al Jazeera EnglishApr 28
Politics

US and Iran close to temporary truce, Pakistani officials claim

current ceasefire earlier this week. Officials on Islamabad said a very basic “interim” deal could be reached as early as this weekend and that Tehran was reviewing a US proposal. However, Trump and Pakistan have

The Guardian WorldMay 7
Politics

Iran faces a new energy imbalance, but its options are limited

current economic conditions and social concerns,” Esmail Saghab Esfahani, a vice president of the state-linked Organization for Energy Optimization and Strategic Management, said earlier this week. There have been some changes to pricing structures

Al Jazeera EnglishJun 3
World

Why and how is US blockading Iranian ports in Strait of Hormuz?

currently under a two-week ceasefire. Trump hopes to put pressure on Iran by targeting two economic drivers - the huge tolls it was demanding ships pay to pass through the Strait of Hormuz

BBC NewsApr 14
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