Energy Secretary Open To Suspending US Gas Tax As Pump-Rage Surges

Israeli media reported on Thursday that Israel is preparing for the possibility of returning to war with Iran as President Trump is considering restarting the bombing campaign. The Times of Israel reported that, according to Israel’s Channel 12, Israeli officials believe that negotiations between the US and Iran, which have been stalled due to the […]

U.S. Wheat Futs Hit Two-Year High As Wall Street Sounds Alarm Over Drought Shock Hard red winter wheat climbed to a two-year high by the end of the week, as our coverage of the drought shock now hitting America's Breadbasket raises serious alarm bells on commodity desks. The concern is not just reduced crop yields and quality. It is colliding with fertilizer shortages and elevated diesel prices, creating a broader inflationary transmission channel that could work its way through the food supply and translate into higher supermarket prices down the road. Hard...

Japan's $36 Billion Bet On US Energy Dominance Authored by Irina Slav via OilPrice.com, Japan has committed $36 billion as the first tranche of its $550-billion U.S. investment pledge under last year’s trade deal, including plans to build a 9.2 GW natural gas power plant in Ohio. The remaining funds will support a synthetic diamond factory and the Texas GulfLink deepwater oil export terminal. The massive gas plant reflects surging U.S. electricity demand — particularly from AI-driven data centers — with natural gas emerging as the preferred source of reliable baseload power. Japan has...