Energy prices news
Read verified news on BetaVoices covering Energy prices, with reporting, context, and related developments.
U.S. inflation rose 3.8% in April, highest since May 2023
The consumer price index climbed 0.6% from March, matching monthly forecasts, while the annual rate topped the Dow Jones consensus and kept pressure on the Federal Reserve
Oil slides, stocks climb on hopes for U.S.-Iran deal
Brent crude briefly fell to about $97 a barrel before recovering above $100 as traders reacted to reports of a possible agreement and Tehran’s pending response
Trump says U.S. will guide stranded ships through Hormuz as gas prices rise
The operation, dubbed Project Freedom, is aimed at vessels from countries not involved in the Iran war, but Tehran says U.S. forces entering the strait would be attacked
ECB holds key rate at 2% as energy shock lifts inflation
The central bank kept policy steady Thursday but warned that inflation risks and growth risks have both intensified as the war in the Middle East pushes up energy costs
UAE’s Opec exit tests the cartel’s grip on oil supply
The Gulf producer wants more room to pump after years of quota limits. The move may not drive prices during the Strait of Hormuz crisis, but it could reshape the market afterward
UK prices could stay higher for eight months after Iran war, minister says
Darren Jones said ministers are planning for supply-chain disruption, though price pressure is seen as more likely than empty supermarket shelves