US President Donald Trump has signed a sweeping Russia sanctions law that gives Washington new authority to impose targeted tariffs of up to 100% on major buyers of Russian oil and natural gas, placing India under renewed trade scrutiny. The White House confirmed that Trump signed H.R. 5334, the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, on September 18. The administration said the law expands statutory sanctions, tariffs a

The US is investigating a possible Iran link to cyberattacks on two Texas-bound energy tankers after Coast Guard and FBI teams found evidence of malicious cyber activity. Officials have not attributed the attacks to Tehran, but the incidents are raising concerns about maritime cyber threats and critical infrastructure. Tanker cyberattack triggers US investigation US Coast Guard personnel and FBI cyber specialists boarded two foreign-flag

The Russia sanctions bill has raised fresh concerns for India and other major buyers of Russian energy, with the legislation giving President Donald Trump authority to impose tariffs of up to 100% under specified conditions. The move comes as India-Russia ties remain strong in energy and strategic cooperation. Russia sanctions bill clears US House The US House of Representatives has passed the

Ukrainian drones reportedly targeted the Syzran Oil Refinery in Russia's Samara region overnight on September 15, extending Kyiv's campaign against Russian energy and industrial infrastructure. Monitoring channels reported fires at several points inside the complex, although the full scale of damage was not immediately independently confirmed. Ukraine Syzran refinery strike targets Russian energy

Diesel prices in the United States have climbed to record territory, with GasBuddy reporting the national average above $6 a gallon and AAA listing diesel at $5.9773 on September 10. That is sharply higher than AAA’s year-ago average of $3.7060 and raises fresh concerns about transport costs, inflation and pressure on businesses that depend on heavy-duty fuel. Oil shock The latest oil shock h

US President Donald Trump used his Republican midterm convention speech in Dallas to defend his economic policies, address rising oil prices and intensify his criticism of Iran. Speaking on September 9, Trump argued that previous administrations contributed to the affordability crisis while promising that his policies would eventually bring household and energy costs lower. Trump Dallas Speech Targets Affordability Crisis

Iran says an Iran-Oman Hormuz shipping corridor could be formalized within days as Tehran prepares a new restricted maritime zone around the strategic waterway. The proposals could reshape Gulf shipping while tensions with the United States continue to disrupt commercial traffic. Iran Oman Hormuz Shipping Corridor Nears Agreement Iranian officials say Tehran and Muscat have agreed on maps for a

CENTCOM released footage on Sunday, September 6, 2026, showing the M/T Kylo burning and sinking in the Gulf of Oman after a US strike. The incident followed US attacks on three Iranian tankers and intensified fears over regional shipping and oil trade. United States Central Command has released video showing the M/T Kylo, an Iranian-linked oil tanker also known as the Noxen, burning and sinking in the Gulf of Oman followi

For decades, the Strait of Hormuz has been one of the world’s most important energy chokepoints. Now, Washington and Gulf producers are accelerating plans for pipelines and alternative export routes that could sharply reduce dependence on the narrow waterway. The goal is not necessarily to eliminate Hormuz, but to weaken its ability to disrupt global oil markets. Strait of Hormuz bypass becomes US strategy

Ukrainian President Volodymyr Zelensky has thanked India for supporting efforts to end the Russia-Ukraine war after meeting External Affairs Minister S Jaishankar in Kyiv. Their talks covered possible paths to peace, Black Sea shipping security and wider India-Ukraine cooperation. Zelensky thanks India for Ukraine peace efforts Zelensky met Jaishankar in Kyiv on September 3 during what the Ukra

A major US-Venezuela oil deal is reshaping the country’s energy sector, with Chevron, Eni and GE Vernova signing multibillion-dollar agreements in Caracas. The moves follow a separate arrangement that gives Washington extensive economic and governance rights connected to about 65 billion barrels of Venezuelan oil reserves. US-Venezuela oil deal opens new investment phase US Energy Secretary C

A Strait of Hormuz tanker attack has left two Filipino seafarers dead aboard the Saudi-operated SIDR, intensifying concerns over maritime security in one of the world’s most important oil routes. Bahri confirmed the deaths as US-Iran tensions again escalated across the Gulf. Strait of Hormuz tanker attack kills two sailors Saudi Arabia’s national shipping company Bahri confirmed that two Fi

Labor Day gas prices are forecast to average a record $4.03 per gallon nationwide in 2026. GasBuddy says geopolitical uncertainty continues to affect fuel markets, while Columbus and central Ohio prices remain well above year-ago levels. Labor Day gas prices are forecast to reach their highest level on record for the holiday, with GasBuddy projecting a national average of about $4.03 per gallon during the 2026 Labor Day weekend. GasBuddy said on Tuesday, S

Tensions in the Strait of Hormuz have intensified after another commercial tanker was struck while moving through the strategic waterway, as the United States prepares to deploy an additional aircraft carrier strike group to the Middle East. The latest incident has added to concerns over the safety of commercial shipping between Iran and Oman. The vessel reportedly caught fire after being hit, but the crew was said to be safe. Responsibility for the attack has not been independently

Iran sanctions pressure has intensified after US Treasury Secretary Scott Bessent claimed Tehran’s leadership is showing signs that Washington’s new economic campaign is working. Iranian officials rejected that assessment, while oil prices fell despite continuing US-Iran tensions. Bessent claim focuses on Iranian leaders Bessent said on

President Donald Trump has renewed his US Hormuz control claim, saying Washington has “complete control” of the Strait of Hormuz as more oil tankers move through the strategic waterway. Shipping remains well below normal levels, however, while Iran continues to dispute American claims of control. Trump Hormuz claim Trump told reporters on Wednesday that a large number of vessels had recentl

Oil prices surged on Monday as fading hopes for a US-Iran settlement renewed fears of prolonged supply disruptions in the Strait of Hormuz. Brent crude closed above $90 a barrel, while WTI oil also climbed sharply as traders reacted to stalled diplomacy and Iran's warning of possible military escalation. Brent crude rises as Iran ceasefire hopes fade Brent crude futures settled $2.22 higher at

US Vice President JD Vance says Vance Iran war goals now place affordable oil and gasoline for Americans at the top of Washington’s priorities, followed by preventing Iran from acquiring a nuclear weapon. His remarks also put renewed focus on the Strait of Hormuz and its impact on energy markets. Oil price goal moves to top of Vance’s priorities Speaking in a Fox News interview on August 13

Iran has called for environmental protection to become part of any future Iran Strait of Hormuz arrangement after reporting oil pollution near Qeshm Island. Tehran says commercial shipping, energy consumers and other parties benefiting from the strategic waterway should share responsibility for environmental damage. Qeshm oil spill raises environmental concer

Ohio power outage claims are drawing attention after severe storms cut electricity to more than 130,000 AEP Ohio customers. Utility liability is limited for natural events, but insurance, SNAP replacement benefits and PUCO complaints may provide other recovery options. Ohio storm outages leave customers counting losses Severe storms on Tuesday, August 11, 2026, knocked out electricity to more than 130,000 AEP Ohio c