China Stockpiled More Oil Before War Broke Out in Iran
China’s oil imports rose nearly 16 percent in the first two months of 2026, adding to its growing energy stockpile.
China’s oil imports rose nearly 16 percent in the first two months of 2026, adding to its growing energy stockpile.
Concern that oil production and shipment from the region will remain limited has lifted the price of crude oil — the largest factor in the cost of a gallon of gas — sharply.
The price of oil had spiked to nearly $120 a barrel on Monday, drawing remarks by President Trump that he believed the war on Iran was “very complete.”
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The Federal Aviation Administration issued a ground stop for JetBlue flights early Tuesday at the airline’s request. JetBlue later said a “system outage” had been restored and that operations had resumed.
More solar energy was added to U.S. grids than any other technology, but the amount installed fell by 14 percent, according to a new report.
Skyrocketing budgets and falling profitability have driven a new form of offshoring, with U.S. producers staging shows across the Atlantic.
Gas prices are rising, with the cost of food likely to follow. If the conflict drags on, the fallout for consumers could worsen, experts warned.
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Court papers submitted as part of the agreement with Halkbank, which was accused of doing business with Iranian entities, said Turkey’s assistance “was instrumental” in the Israel-Hamas cease-fire.