Trump is trying to kill a carbon tax on global shipping. He may not succeed.
The U.S. has threatened countries supporting the tax with visa restrictions, tariffs, and port fees. A slim majority of nations still back it.
Defiant Iran has threatened to double down on its closure of the Strait of Hormuz.
"The new normal will not look like the old one," an expert told Newsweek.
A new report from the International Renewable Energy Agency (IRENA) finds that solar and wind power are already delivering reliable electricity at a lower cost than fossil fuels
The vessel's commission suggests that Iran’s energy sector and oil storage capacity are facing a crisis, as the US Navy continues to block the passage of tankers carrying Iranian oil out of the Gulf.
As U.S. and Israeli strikes on Iran continue, Iranian Foreign Minister Abbas Araghchi said in an interview with NBC News that Tehran would not close the Strait of Hormuz. However, the waterway has been almost effectively shut down by the war. Commercial ships and oil and gas tankers have chosen not to pass through it,…
The White House declared last week that President Trump finally "broke OPEC" after the United Arab Emirates withdrew from the cartel.
The US blockade of tankers serving Iran's oil exports is intended to cut Iranian oil exports to near-zero.