The G-7 countries collectively hold about 1.1 billion barrels of strategic petroleum reserves, with the United States accounting for roughly 41% of the total. Japan maintains the largest import cover among major economies, with reserves equivalent to more than 100 days of oil demand, providing a key cushion against supply disruptions.
Americans paid more for groceries in April as food inflation accelerated, though economists said rising gasoline prices tied to the Iran war were only part of the problem. According to Labor Department data, prices for food consumed at home rose 2.9% from a year earlier, the highest annual increase
The U.S. government has imposed new sanctions on a network accused of helping Iran export oil to China, according to Treasury Department announcements released Monday. The sanctions target three individuals and nine companies operating across Hong Kong, the United Arab Emirates, and Oman. U.S. officials said the entities
By Harold Hutchison, Daily Caller News Foundation | May 10, 2026 Energy Secretary Chris Wright deflected when asked by “Meet the Press” host Kristen Welker about when gas prices would start to drop. The average price of a gallon of gas in the United States on Sunday was $4.52, according
Trade is expected to dominate the talks, with discussions reportedly focused on extending the existing trade truce, easing export restrictions, and creating new U.S.-China trade and investment boards.
Jensen Huang joined U.S. President Donald Trump’s trip to China after initially appearing absent from the high-profile business delegation traveling to Beijing.
Democrat Sen. Mark Kelly is being blasted by Secretary of War Pete Hegseth after speaking publicly on depleted munitions stockpiles, with the lawmaker accused of revealing classified information.
Americans paid more for groceries in April as food inflation accelerated, though economists said rising gasoline prices tied to the Iran war were only part of the problem. According to Labor Department data, prices for food consumed at home rose 2.9% from a year earlier, the highest annual increase
