Costco, the mammoth wholesale retailer known for its affordable gold and $1.50 hot dogs, is set to open its first standalone gas station in Mission Viejo, California. Costco has been a competitor in the fueling space since 1995, but its gas stations have always been built alongside its warehouse stores. …
An Islamic Revolutionary Guard Corps (IRGC) speed boat sailing along the Persian Gulf near a cargo vessel. Nurphoto | Nurphoto | Getty Images With oil prices at levels not seen in years and global business supply chains across sectors of the economy shut down by the de facto closure of …
Diego Garcia, a British Indian Ocean Territory and the largest of the islands in the Chagos Archipelago on July 02, 2013 in Diego Garcia, British Indian Ocean Territory. USGS NASA | Gallo Images | Getty Images Iran unsuccessfully targeted a joint U.S.-U.K. military base in the Indian Ocean, the U.K. …
Cuba suffered a widespread power cut on March 16, 2026, according to the national electricity company, against the backdrop of a severe crisis on the island caused by the US energy blockade. Yamil Lage | Afp | Getty Images The White House has choked off Cuba’s oil supply and threatened …
Americans don’t feel great about the economy right now — mortgage rates are on the rise again, as is the cost of gas and there were more job cuts in January than there had been since January 2009, the tail end of the Great Recession. The prospect of buying a home amid …
Fire and plumes of smoke rise from an oil facility in Fujairah, United Arab Emirates, Saturday, March 14, 2026. Altaf Qadri | AP Iran’s strikes are pushing Gulf states toward a breaking point, forcing a choice between restraint and retaliation. Iran’s Gulf neighbors have been repeatedly targeted and hit by …
U.S. Ambassador to the U.N. Mike Waltz attends a United Nations Security Council meeting, after the U.S. and Israel launched strikes on Iran, at U.N. headquarters in New York City on Feb. 28, 2026. Heather Khalifa | Reuters Mike Waltz, the U.S. ambassador to the United Nations, said Sunday that …
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at William P. Hobby Airport in Houston, Texas, US, on Monday, March 9, 2026. Mark Felix | Bloomberg | Getty Images The surge in fuel prices since the U.S. and Israel attacked Iran nearly two weeks ago is already …
High gas prices are listed at Chevron gas station in Los Angeles on March 9, 2026, as gasoline prices surge amid the ongoing war with Iran. Frederic J. Brown | Afp | Getty Images “I don’t get any sense that inflation is decelerating,” said Mark Zandi, chief economist at Moody’s. …
So, you are telling me that our continent is energy self-sufficient and yet, last week oil screamed higher faster than we have ever seen ? Or that all that new Permian Basin oil doesn’t matter? Or that cars guzzle a lot less now than they did in previous oil shocks? …