Trump Signals High Gas Prices Through November Midterms

U.S. President Donald Trump has acknowledged that gasoline prices might remain high through the November 2026 midterm elections, a rare admission of the potential political fallout from the ongoing war in the Middle East. Trump told Fox News' Maria Bartiromo that gas prices could "stay the same, or maybe a little bit higher, but it should be around the same" when asked if gas prices would be lower by the fall. Continue reading here (Source: OilPrice).

Trump Pitches Iran Blockade As Boon to US Oil

President Trump is pairing his Iran blockade with a sales pitch: Countries squeezed by the Strait of Hormuz — especially China — should buy more oil from the U.S. instead.

Why it matters: The U.S. rise to become the world's largest oil and gas producer — and largest exporter of liquefied natural gas — provides geopolitical leverage that Trump is attempting to wield. Continue reading here (Source: Axios).

Why Diesel Prices Spike Faster Than Gasoline In A Crisis

When a geopolitical shock hits energy markets, the same pattern plays out: diesel prices spike fast, while gasoline lags behind.

According to data from the Energy Information Administration, since the conflict in Iran began through 4/6/26, the national average price of gasoline has risen by $1.11 per gallon. Meanwhile, diesel prices are up $1.75 per gallon. That divergence is important, because diesel underpins freight and logistics, amplifying inflationary pressures across the broader economy. Continue reading here (Source: Forbes).

Germany Approves USD1.9 Billion Fuel Relief Package Amid Energy Shock, Economic Strain

Germany’s coalition government has agreed on a €1.6 billion ($1.9 billion) fuel-cost relief package, stepping in to shield households and businesses from a sharp rise in energy prices driven by geopolitical tensions and supply disruptions.

The plan centres on a temporary reduction in fuel taxes, cutting gasoline and diesel prices by approximately €0.17 per litre over a two-month period. The move follows intense negotiations within Chancellor Friedrich Merz’s coalition, which had been divided over how to respond to surging oil prices linked to escalating conflict in the Middle East. Continue reading here (Source: ESG News).

US LNG Exports Soar To Record Levels in March Amid Panic Buying

U.S. liquefied natural gas (LNG) exports hit a record 11.7 million metric tons in March 2026, mainly driven by global panic buying and supply disruptions triggered by geopolitical tensions in the Middle East. Missile and drone attacks on Qatar's Ras Laffan Industrial City in March damaged critical infrastructure, forcing major outages and positioning the U.S. as a vital swing producer.

LNG facilities in Louisiana handled roughly 1.8 million more metric tons in March 2026 compared to March 2025, with Louisiana currently handling ~61% of all U.S. LNG shipments. Europe remained the top destination, accounting for approximately 7.49 million tons, or 64%, of total U.S. exports of super-chilled gas. Continue reading here (Source: OilPrice).

'The Good Old Days Are Gone': How Will US Prices Stand as War in Iran Surges On?

As consumers watch the price of gasoline and airline tickets rise, experts say that the war in Iran will continue to drive up prices across the economy.

“The good old days are gone,” said Christopher Tang, a professor at the UCLA Anderson School of Management who studies global supply chain management. “Right now we see the gasoline prices going up, but that is only part of the story. Everything will be more expensive.” Continue reading here (Source: The Guardian).