Energy markets begin to adjust to Trump after repeated Iran war whiplash | CNN Politics

President Donald Trump leaves after speaking about the war with Iran from the Cross Hall of the White House on Wednesday.

President Donald Trump has repeatedly sought to dampen rising oil prices by telling investors what they’ve been dying to hear: The war with Iran is over. But after hearing that message for weeks, the war continues and with no plans to reopen the Strait of Hormuz, they continue to repair her. Almost two weeks after … Read more

This is what the fossil fuel shock looks like. The UK must adapt its energy system – and fast | Chaitanya Kumar

This is what the fossil fuel shock looks like. The UK must adapt its energy system - and fast | Chaitanya Kumar

YesA power shake-up doesn’t just raise our electricity bills – it can revolutionize how our economy works. The UK responded to the energy crisis of the 1970s by modernizing its energy system and doubling down on its North Sea oil extraction. Investment poured in and the UK became an energy importer. When energy security is … Read more

UK food prices “could hit 9% this year” as the Iran war pushes up energy prices

UK food prices "could hit 9% this year" as the Iran war pushes up energy prices

Food price rises could hit 9% in the UK this year, even if the strait of Hormuz opens in the next few weeks, figures suggest, as the Iran war raises energy prices. The Food and Drink Association, which represents 12,000 food and drink manufacturers, has predicted that prices will rise by “at least” 9% by … Read more

WATCH: Fed Chair Powell discusses rising energy prices, challenging labor market in Harvard lecture

WATCH: Fed Chair Powell discusses rising energy prices, challenging labor market in Harvard lecture

CAMBRIDGE, Mass. (AP) – Federal Reserve Chairman Jerome Powell said Monday that it is important to carefully watch inflation during the rise in energy prices since the Iran war. Watch Powell’s comments in full in the video player above. Powell, who spoke in front of about 400 students at Harvard University when gas prices averaged … Read more

A space-based solar energy concept explores resilience for Agile Combat Employment

A space-based solar energy concept explores resilience for Agile Combat Employment

MAXWELL AIR FORCE BASE, Ala. — — Air Force One researchers are exploring how space-based solar power can help the Air Force maintain operations in contested areas. As the Joint Force prepares for competition against capable adversaries, sustained forces and assets remain critical to maintaining operational access, survivability, and decision advantage. … Read more