Energy prices news, events & figures

Iran deal may ease fuel costs, but bills and rates face a slower turn

Fuel prices have started to ease after the US-Iran deal, but household energy bills, air fares, inflation and interest rates may take longer to follow.

Lebanon strikes test fragile U.S.-Iran deal as talks slow

Renewed Israel-Hezbollah fighting in southern Lebanon is putting early pressure on a preliminary U.S.-Iran agreement and the next phase of talks.

ECB raises rates to 2.25% as Iran war fuels inflation

The European Central Bank raised its key rate to 2.25%, citing energy-driven inflation pressures from the Iran war and a weaker growth outlook.

Wholesale prices jump 1.1% in May as energy costs surge

Wholesale prices rose 1.1% in May, topping forecasts as energy and gasoline costs drove a fresh increase in pipeline inflation.

Energy shock puts ECB on course for expected rate hike

The ECB is expected to raise rates as euro zone inflation climbs, with higher energy prices reviving concern about broader price pressures.

U.S. inflation rose to 4.2% in May, highest in three years

U.S. consumer prices rose 4.2% from a year earlier in May, matching forecasts but marking the highest annual inflation rate in three years.

Canada’s inflation rate rises to 2.8% as gas prices surge

Canada’s annual inflation rate rose to 2.8% in April as gasoline and broader energy prices jumped, even as food and rent inflation eased.

Trump’s China trip is shadowed by the Iran war and energy squeeze

Trump is in China as the Iran war drags on, with energy costs rising and Washington still rejecting Tehran’s latest proposal to end the conflict.