Industry worries that ‘panic’ actions by the White House could backfire on plans to increase drilling
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With gas closing in on $4 a gallon, the Trump administration is pulling multiple levers to tame energy prices. The results have been mixed.
Plunging oil shipments transiting the Strait of Hormuz have sent global energy prices soaring to their highest level in years. Grouped from 3 articles across 3 sources.
The US says it is considering removing sanctions on Iranian oil stranded on tankers at sea. Grouped from 2 articles across 2 sources.
Oil prices rose Friday even after Treasury Secretary Scott Bessent said Washington may soon lift sanctions on Iranian crude stored aboard tankers.
The U.S. Treasury has authorized the purchase of Iranian oil that's already at sea, exempting buyers from the tight sanctions that have restricted Iran's oil industry for years, as the Trump administration grapples… Grouped from 4 articles across 4 sources.
Harvard University has rejected the complaint as 'another pretextual and retaliatory action' from the Trump White House. Grouped from 5 articles across 5 sources.