Energy
Image
Federal judge upholds NYC congestion pricing
U.S. District Court Judge Lewis Liman issued a permanent injunction order barring the U.S. Department of Transportation from enforcing a directive to shut down the controversial tolling project, saying the federal agency exceeded its authority with the February 2025 directive to terminate the program.
Image
Not just gasoline: Besides oil, Iran export blockage could also drive up food costs, expert warns
It's not just crude oil and LNG that move through the Strait of Hormuz. One fourth of the world's nitrogen fertilizer supplies come from the Middle East, and that supply is vital to modern global agriculture. The conflict in Iran threatens to drive up those prices, along with other petroleum products.
Image
Oil prices jump to over $70 amid Iran war, Strait of Hormuz shipping fears
Brent crude prices increased by 8.6% at $79.11 per barrel