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THE TRUTH ABOUT: 6 | History Defined

World Experiencing Its Worst Energy Crisis In History Due To Iran War, IEA Head Says

The world is experiencing its worst energy crisis in history as a result of the Iran war, according to International Energy Agency head Fatih Birol.

International Business Times

Get used to higher gas prices this year

Researchers and analysts don't see a quick drop even if the Iran war ends soon.

Axios

U.S. Energy Sec says gas prices have likely peaked, but won't go below $3 until 2027. Trump says he’s ‘totally wrong’ about the timeline

The war could end in just a couple of weeks, says Energy Secretary Chris Wright, but it could take months for prices to go down.

Fortune

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Trump's Contradicting Claims on JD Vance, Iran War Plans Spark Concerns After He Was Removed from White House Meeting

Donald Trump's mental state is under scrutiny following contradictory statements about VP JD Vance and Iran war plans, leading to confusion and concerns among his aides and supporters.

International Business Times UK

Trump Contradicts His Energy Secretary Over Claim That U.S. Prices May Not Dip Below $3 a Gallon This Year: 'Totally Wrong'

President Donald Trump contradicted his energy secretary, Chris Wright, over his claim that gas prices in the U.S. might not dip back below $3 a gallon this year as the war in Iran drags on and oil prices remain high.

International Business Times

Trump clashes with another cabinet member over gas prices staying high until 2027

IN FULL

The Independent UK

Over half of voters say they blame Trump ‘a lot’ for spiking gas prices

Most Democratic voters blame president ‘a lot’ – while most Republican voters place no blame on him at all

The Independent UK

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Trump throws his own Energy Secretary under the bus and says he’s ‘totally wrong’ about gas staying above $3

Iranian forces said on Sunday that the Strait of Hormuz would remain closed as the U.S. blockade persists, spiking oil prices again

The Independent UK

Energy Secretary admits gas prices might not drop until next year

‘I don’t know’ when gas prices will come down, Trump energy chief tells CNN

The Independent UK

Oil prices jump after Strait of Hormuz setbacks

The latest increase reverses a large chunk of Friday's sharp decline.

Axios

When Are Gas Prices Going to Drop Below $3? Chris Wright Warns Relief Is Coming—Just Not as Expected

Gas prices have peaked amid the Iran conflict, but significant relief for drivers remains distant, with prices unlikely to drop below $3 a gallon until next year.

International Business Times UK

Federal government launches broad probe into mysterious disappearances and deaths of top scientists. ‘We haven’t found anything alarming yet’

“A lot of the nuclear security scientists are in DOE. So yes, of course we are looking into this.”

Fortune

Trump energy secretary says gas prices might not drop back under $3 a gallon until 2027

Chris Wright says ‘I don’t know’ when asked about lower cost of gas as average price soars to $4 a gallon in US

The Guardian - US

Trump's energy boss: gas may stay above $3-per-gallon into 2027

Wright argued Trump has successfully managed the energy disruption.

Axios

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International Business Times UK

Gas Prices May Not Hit $3 Until September, Treasury Chief Bessent Warns He's 'Watching' Gas Stations

Treasury Secretary Scott Bessent says $3 gas could arrive between June and September, warning the Trump administration plans to monitor gas stations. Stay updated on energy costs and petrol prices.

The Independent UK

US faces demand to restore $350M in federal funding to help power Puerto Rico

Nearly 200 organizations are urging the Trump administration and Puerto Rico’s governor to restore $350 million in federal funding that was meant to finance the installation of rooftop solar and battery systems for 12,000 low-income families across the U.S. territory

The Independent UK

Bernie Sanders issues blistering four-word response to Trump’s economic adviser’s take on rising oil prices over Iran war

Veteran left-winger ridicules National Economic Council Director Kevin Hassett over his attempts to reassure the public as war drags on and fuel crisis threatens to deepen

The Independent UK

Trump’s energy secretary once said gas prices would fall by summer - now he’s not so sure

The national average gas price hit $4.118 per gallon Tuesday

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Axios

Exclusive: Record funding for fusion power lands as Trump eyes cuts

The split-screen approach underscores tensions in the administration's energy strategy.

The Independent UK

Iran-US war latest: Oil prices spike after Trump vows to keep hitting Iran ‘extremely hard’ in address to nation

The president said US forces would 'finish the job' in Iran and that 'core strategic objectives are nearing completion’

Fortune

Hyperscalers often lack the “aptitude” on power as the political push picks up to expedite grid connections and pipelines

A bevy of efforts in the federal bureaucracy and Congress are underway to expedite power generation, pipelines, transmission, and grid interconnections for the ongoing power demand spike.

Fortune

An uneasy mix of celebration and anxiety dominates the ‘Davos of energy’ as the month-long Iran war further disrupts the global economy

The longer the Iran war lasts the more long-term demand destruction, inflation, and a global recession take hold.

Texas Observer

Climate Activists Confront Iran War Profiteering at Big Oil Confab in Houston

Meanwhile, the U.S. energy secretary tries to soothe an anxious American oil industry, urging them to ramp up production amid shock to global markets.

The Guardian - US

California sues Trump energy department over revival of controversial oil pipeline

Attorney general decries ‘outrageous federal overreach’ after government restarted pipeline closed over 2015 spill

Fortune

Chevron's CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not 'fully priced in'

“Physical supply changes don’t respond immediately,” said Wirth. “Even when strait reopens at some point, it will take time.”

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