Why it's so hard for world leaders to bring down oil and gasoline prices
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Work from home and slow down on the road: world’s energy watchdog advises emergency measures as oil prices rise
<p>IEA makes 10 recommendations to help households and businesses prepare for a drawn-out disruption to energy markets</p><p>The world’s energy watchdog has advised governments to reduce highway speeds and encouraged workers to carpool or, ideally, work from home to combat soaring oil prices and impending fuel shortages caused by the Middle East conflict.</p><p>It has also recommended countries consider limiting car access to designated zones in large cities, by giving vehicles with odd-numbered plates access on different weekdays to those with even-numbered plates.</p><p>Work from home where possible to save petrol.</p><p>Reduce highway speed limits by at least 10km/h to reduce fuel usage.</p><p>Encourage public transport to reduce oil demand.</p><p>Limit car access to roads in large cities through a number-plate rotation scheme.</p><p>Increase car sharing.</p><p>Encourage efficient driving for commercial vehicles through load optimisation and vehicle maintenance.</p><p>Divert LPG ...
PoliticsExclusive: Gallego presses DOE on oil reserve as gas prices rise
<p>Sen. Ruben Gallego (D-Ariz.) is pressing the Energy Department for details on plans to provide oil from the <a href="https://www.axios.com/2026/03/11/trump-strategic-oil-reserve-gas-prices-iran-war" target="_blank">Strategic Petroleum Reserve</a> as pump prices rise. </p><p><strong>Why it matters:</strong> Gallego's <a href="https://www.documentcloud.org/documents/27883925-spr-letter-doe-march-13-2026/" target="_blank">new letter</a> to Energy Secretary Chris Wright, viewed first by Axios, shows how the energy effects of the Iran war are spilling into Capitol Hill — and politics more broadly.</p><hr><ul><li>Gallego is a <a href="https://www.axios.com/2026/03/15/ruben-gallego-dnc-ken-martin" target="_blank">potential</a> 2028 Democratic presidential hopeful.</li></ul><p><strong>Driving the news:</strong> The letter asks how the SPR move will affect gasoline prices and supply in Arizona, as well as questions about the planning process.</p><p><strong>The big picture: </strong>The En...
Iran War Fallout: Southeast Asia Hard Hit by Skyrocketing Fuel Prices
Across Southeast Asia, a region heavily dependent on energy exports brought via the Strait of Hormuz, lives are being upended by higher oil and gas prices.
US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says
<p>US treasury secretary says actions will increase oil supply and bring down prices, but long-term effects in question</p><p>The US may soon remove sanctions on Iranian oil stranded on tankers at sea, the treasury secretary, Scott Bessent, said on Thursday as Washington seeks to curb prices soaring over Iran’s closure of the strait of Hormuz.</p><p>“In the coming days, we may un-sanction the Iranian oil that’s on the water. It’s about 140m barrels,” Bessent said during an appearance on Fox Business Network’s Mornings with Maria.</p> <a href="https://www.theguardian.com/us-news/2026/mar/19/us-sanctions-iranian-oil-hormuz">Continue reading...</a>
FinanceCracks emerged in a resilient US economy before war in Iran sent oil prices rocketing - AP News
<a href="https://news.google.com/rss/articles/CBMitgFBVV95cUxNVGZxOGhaUlRKVUVIWkd3QUVubEZPTHFvc3hZeFBBZG1nVXlId1N1d2FlTmNLeVY5bHp0bW1SZ18zZndOa0ExSGZqT3hEQ1NqS0Y1RkgyTWV3ZUpNX2NxeEJmQUxBSDM0YWxTMll6WW1aVm91bGd1SENxa0Z6eWZtTDZyNk1qZjRFS0tJYmRLbVU5UE1KU0UwVzFvSTdYdjlzY3d2c01VNkdYSzlfYl9zMDVsOEtpUQ?oc=5" target="_blank">Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing</a> <font color="#6f6f6f">AP News</font>
PoliticsUS eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war - AP News
<a href="https://news.google.com/rss/articles/CBMipwFBVV95cUxNbV9scnVOenFHVWJFYWdZYTFrTWVHM2lPLXdQRGF3azFrTFNJVVUwYXFCYk5lUk9oWi1wSTY0dVFFeHBhRHltc2ItemNZeXByS1A5TTFoRWdYR20weUhaZi13OWszX1ZKdi1oZ0VsNUd4UWM5RHNyYXBnRnNnVjlwMlVIRzU4ZG1UZ3VpVGhiclFhQy1oak01OVE4cDA3STRod2taQnkySQ?oc=5" target="_blank">US eases Venezuela oil sanctions as Trump seeks to boost world oil supply during Iran war</a> <font color="#6f6f6f">AP News</font>
Trump faces his most difficult Iran war decision: Will he deploy U.S. troops to seize uranium?
The president has been circumspect about how far he's willing to go to follow through on his pledge to destroy Iran's weapons program once and for all, including seizing or destroying the near-bomb-grade nuclear material that Iran possesses.
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