Big fuel price hike set for September 8 after last week’s rollback
Despite last week’s price cuts, diesel and gasoline are again under pressure from Middle East tensions, tight fuel supply and a weaker peso
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Iran warns US energy assets in Gulf are vulnerable after latest clashes
The ongoing conflict is severely impacting Iran’s economy and oil exports, while also affecting Gulf Arab states and contributing to rising fuel prices in the US
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Trump says US is taking partial control of Venezuela’s vast oil reserves
An analyst says it’s unclear whether a US government lease would have a legal basis under Venezuela’s constitution and its new hydrocarbons law, adding that there is ‘no precedent’
