The Trump administration is weighing a range of options for addressing the spike in oil and gasoline prices amid the war in Iran, Interior Secretary Doug Burgum said.
A driver refuels a vehicle at a Wawa gas station in Media, Pennsylvania, US, on Monday, March 2, 2026. Oil surged the most in four years as the first impacts of the war in the Middle East began to be felt, with a near halt to traffic through the Strait of Hormuz and disruption at a big refinery in Saudi Arabia underscoring the threat to supplies in one of the world's top producing regions.
The Trump administration has struck a deal that would see Venezuela’s state mining company sell as much as 1,000 kilograms of gold to commodities trader Trafigura, according to people familiar with the matter.
President Donald Trump declared the public would benefit from a commitment by the nation’s largest tech companies to defray electricity costs related to artificial intelligence development — but it might take a while.
Interim President Delcy Rodriguez told mining executives and metals traders that Venezuela would move at “Trump speed” to help them unlock the South American nation’s mineral wealth.
Venezuela's interim president Delcy Rodriguez, right, and US Interior Secretary Doug Burgum during a meeting at the Miraflores Presidential Palace in Caracas on March 4. Photographer: Federico Parra/AFP/Getty Images
Donald Trump deployed his Interior Secretary Doug Burgum to Venezuela on Wednesday as the president seeks to revive oil and mineral production in the South American country.
Interior Secretary Doug Burgum Photographer: Andrew Harnik/Getty Images
President Donald Trump said the US will ensure safe passage of oil from the Middle East to head off a potential energy crisis, as the Iran war continues to reverberate across the region and roil markets.
A motorboat passes a tanker in the Strait of Hormuz in February Photographer: Fadel Senna/Getty Images
President Donald Trump said the US will provide insurance guarantees and naval escorts to ensure safe passage for oil tankers and other vessels through the Strait of Hormuz, intending to head off a potential energy crisis caused by the war with Iran.
President Donald Trump looked to rally support for his military operation in Iran in a new social media video on Sunday, casting the effort that killed Ayatollah Ali Khamenei as a mission “not merely to ensure security for our own time and place, but for our children and their children.”
Smoke plumes rise following missile strikes in Tehran on March 1, 2026.
Venezuela canceled an auction of assets seized from Halliburton Co. after the Trump administration intervened to stop the sale, as President Donald Trump seeks to smooth the return of US oil companies to the South American country.
Venezuela canceled an auction of assets seized from Halliburton Co. after the Trump administration intervened to stop the sale, as President Donald Trump seeks to smooth the return of US oil companies to the South American country.
President Donald Trump is convening technology executives at the White House next week to sign pledges committing their companies to foot the electricity bill for energy-hungry data centers.
US President Donald Trump during an announcement in the Oval Office of the White House in Washington, DC, US, on Wednesday, Dec. 3, 2025. Trump unveiled his administration’s plan to relax stringent Biden-era fuel efficiency standards, casting the change as a way to lower consumer costs.
President Donald Trump is convening technology executives at the White House next week to sign pledges committing their companies to foot the electricity bill for energy-hungry data centers.
US President Donald Trump during an announcement in the Oval Office of the White House in Washington, DC, US, on Wednesday, Dec. 3, 2025. Trump unveiled his administration’s plan to relax stringent Biden-era fuel efficiency standards, casting the change as a way to lower consumer costs.
Donald Trump is planning to outline an unconventional idea for personal and corporate tax cuts that he could implement without Congress, according to news anchors who met with the president for lunch ahead of Tuesday’s State of the Union address.
President Donald Trump is set to highlight his administration’s efforts to ensure that technology companies’ buildout of energy-hungry data centers won’t raise electricity prices and cause other burdens for consumers.
Fiber optic cables, center, and copper Ethernet cables feed into switches inside a communications room at an office in London, UK, on Monday, Oct. 13, 2025. The electricity demand boom, driven by data centers, new manufacturing and overall electrification, has shaken up the energy industry and attracted massive amounts of new investment to the power sector. Photographer: Jason Alden/Bloomberg
US President Donald Trump plans to travel to China from March 31 to April 2 for a meeting with his counterpart Xi Jinping as the two leaders will look to navigate a trade relationship again plunged into uncertainty and navigate tensions around Taiwan.
US President Donald Trump speaks during a working breakfast with governors in the State Dining Room of the White House in Washington, DC, US, on Friday, Feb. 20, 2026.
President Donald Trump’s $33 billion deal with Japan to build the largest US gas power project in Ohio hasn’t secured binding commitments, still needs to lock in equipment suppliers and was a complete surprise to the state’s regulator and grid operator.
US President Donald Trump’s plan for Japan to build a massive gas power plant in Ohio promises a flood of electricity in a region desperate for it. It also heralds risks for others eager to meet the demand — but without the same political support.
A power transmission line behind homes in a residential neighborhood in Columbus, Ohio, US, on Tuesday, Dec. 16, 2025. The outcome of what was, until recently, an obscure US power market auction will be the subject of intense interest this week for electric generators, regulators and consumers alike.
Lanny Erdos is the son of a coal miner whose father toiled underground in Ohio. Now, Erdos is on the front lines of President Donald Trump’s bid to revive coal demand and production.
Lanny Erdos during a “Champion of Coal” event in the East Room of the White House in Washington on Feb. 11.
President Donald Trump is making another major bid to bolster the shrinking US coal-power industry. He’ll use $175 million in government funds to upgrade six plants and have the Defense Department buy power from others.
An earth mover pushes coal into piles at the PacifiCorp Hunter coal-fired electrical generation plant in Castle Dale, Utah, US, on Monday, June 13, 2022. Residential electricity rates have been surging for months and are poised to climb even higher this summer on a combination of tight supplies of natural gas and coal, an unrelenting drought in the Western US, and a nationwide forecast for extreme heat.
President Donald Trump moved on several fronts to prolong US reliance on coal power, as he ordered the Pentagon to purchase electricity from plants and announced millions of dollars to upgrade existing facilities.
US President Donald Trump speaks during a “Champion of Coal” event in the East Room of the White House in Washington on Feb. 11. Photographer: Graeme Sloan/Bloomberg
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