President Donald J. Trump announced a pause in strikes on energy infrastructure between Ukraine and Russia, which both sides have broken.
President Donald J. Trump announced a pause in strikes on energy infrastructure between Ukraine and Russia , which both sides have broken. PULSE POINTS WHAT HAPPENED: President Donald J. Trump said Russia and Ukraine had agreed to stop striking each other’s energy infrastructure , but both sides launched new attacks overnight, casting doubt on the status of the proposed truce. Russia launched roughly 200 drones at Ukraine , striking energy and port facilities and killing at least two people, while Ukrainian officials said Kiev and other areas also suffered damage to civilian and transportation infrastructure. Ukraine, meanwhile, said it struck an oil refinery in Syzran in Russia’s Samara region, as well as drone-related…Open
The Energy Department's statistics arm on Wednesday sharply raised its forecast for U.S. diesel prices next year as tight global supplies keep domestic inventories unusually low. Why it matters: The outlook suggests Americans could face elevated fuel costs well into 2027, as President Trump acknowled Wednesday that oil prices may not fall until after November's midterm elections. - U.S. diesel prices hit all-time highs this month, due to the Middle East conflict thwarting oil and petroleum product supplies, and Ukraine's drone campaign targeting Russian refineries . Driving the news: The latest Energy Information Administration outlook expects retail diesel to average $4.40 a gallon in 2027, up 33 cents, or 8.2%, from its previous…
President Trump posted an AI-generated video depicting U.S. strikes on Kharg Island, a key Iranian oil refinery, despite no such attack actually taking place amid the countries' exchange of airstrikes over the weekend. MS NOW's David Rohde has the latest on this most recent escalation, and why the president's post is another example of Trump's problematic messaging around the war.
Reported by: Cherry Meigh TimbolNews Content Editor Published August 11, 2026 TRIPOLI, Libya — A drone strike on Libya’s Zawiya oil complex triggered a massive fire at a fuel-storage facility, damaging a tank containing millions [...]
For a mega-refinery in Ulsan, South Korea, a top exporter of jet fuel to the West Coast of the United States and other places, weaning off Middle Eastern oil is no small feat.
