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While the World Scrambles for Oil, China Sits on Full Tanks

The possible reopening of the Strait of Hormuz may not prompt China to return quickly to prewar levels of oil purchases from the Persian Gulf.

Β© Hector Retamal/Agence France-Presse β€” Getty Images

An oil refinery in Nanjing, in China’s eastern Jiangsu province, last month. Chinese companies kept their refineries running throughout the war.
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Average U.S. Gas Price Falls Below $4 After U.S.-Iran Agreement

Drivers are enjoying some relief at the pump after the United States and Iran signed an agreement to reopen the Strait of Hormuz.

Β© Vincent Alban/The New York Times

Gasoline prices rose sharply after the start of U.S.-led war with Iran.
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U.S. Will Waive Oil Sanctions That Have Long Crimped Iran

The preliminary U.S.-Iran deal temporarily waives restrictions that have limited the country’s oil sales and how much money it has been able to make from those exports.

Β© Atta Kenare/Agence France-Presse β€” Getty Images

An oil facility on Kharg Island, Iran, in 2017.
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Gas Prices May Remain High Despite US-Iran Deal

The preliminary agreement may not have an immediate effect on prices at the pump. Damaged infrastructure and risky transport could keep costs up.

Β© Jenny Kane/Associated Press

Gas prices have soared since the start of the war with Iran.
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The Iran War is Forcing Energy-Importing Countries to Turn Inward

The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.

Β© Jes Aznar for The New York Times

The president of Solaric, a rooftop-solar installer based near Manila, said people were now seeing the technology as β€œa way to survive this new age.”
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Oil Prices Jump as Middle East Tensions Build

Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.

Β© Damian Dovarganes/Associated Press

An oil refinery in Carson, Calif. The possibility of continued fighting has raised concerns about how long the world’s stockpiles of oil and fuels will last if the Strait of Hormuz does not reopen.
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Tesla’s Semi Truck could Jolt the Trucking Industry

California truckers have expressed strong interest in the Tesla Semi because it costs much less and can travel further on a charge than electric trucks sold by established manufacturers.

Screens on either side of a Tesla Semi’s steering wheel provide a view of the traffic around the vehicle.
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Bipartisan Bill Would Impose New Annual Fee on Electric Vehicles

A House transportation bill introduced this week would require owners of electric cars to pay $130 to cover the cost of road repairs.

Β© Maddie McGarvey for The New York Times

Congress is considering imposing a new annual fee on electric vehicles to help pay for road repairs.
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