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What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.

President Trump recently blamed Ukrainian attacks on Russian refineries for causing a spike in diesel prices, but analysts say the Iran war is probably a bigger factor.

© Jeff Chiu/Associated Press

Diesel prices in the United States are up about 65 percent since Feb. 28, when the U.S.-Israel attacks on Iran began.
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Court Strikes Down Trump Order to Keep an Aging Coal-Burning Plant Running

The 64-year-old Michigan power plant was set to retire. Then the Trump administration intervened in a way that overstepped its authority, a court ruled.

© Julián Trejo Bax/Associated Press

The J.H. Campbell coal plant in West Olive, Mich.
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The Iran War Is Pushing Global Coal Use to Record Highs

Five years after virtually every world leader agreed to “phase down” the burning of coal for climate reasons, the fuel is more widely used than ever.

© Ahmad Mulia Panjaitan/Associated Press

Coal barges in East Kalimantan, Indonesia, last month.
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U.S. to Lend $1.9 Billion to Restart a Shuttered Nuclear Plant in Iowa

No company in the United States has ever restarted a reactor that was seemingly closed for good, but there are now three major efforts underway to do so.

© Nick Rohlman/The Gazette, via Associated Press

The Duane Arnold Energy Center near Palo, Iowa, in January 2025.
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The U.S. Wants the Oil From These 17 Venezuelan Fields

A private oil company has struck a deal with the Trump administration to develop 17 areas in Venezuela, an effort that experts say will take years and billions of dollars.

© The New York Times

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Patagonia Sues Trump Over Reduction of Bears Ears National Monument in Utah

The outdoor apparel maker joined environmental and Native American groups in challenging President Trump’s reduction of Bears Ears National Monument.

© George Frey/Getty Images

Tourists at Muley Point, looking out on Monument Valley, in Bears Ears National Monument in Utah.
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Chevron Expansion in Venezuela Extends U.S. Influence Over Oil Riches

The U.S. energy giant, which stayed in the country after other Western companies left, will invest $7 billion in the country to more than double its production there.

© Maryorin Mendez/Agence France-Presse — Getty Images

Oil infrastructure in Cabimas, Venezuela. Chevron’s expansion is separate from President Trump’s deal for control of oil reserves in the country.
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Trump’s Venezuelan Oil Deal Relies on a Powerful and Divisive Partner

The administration will work with a private Venezuelan oil company that has close ties to the country’s government.

© Adriana Loureiro Fernandez for The New York Times

Venezuela is believed to have one of the world’s largest reserves of oil but it produces very little oil because of mismanagement, corruption and U.S. sanctions.
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Trump Says U.S. Struck Deal for Control of More Than 65 Billion Barrels of Venezuela’s Oil

The president said an agreement between the countries covered more than 65 billion barrels of reserves. A U.S. official said it would involve a partnership with a private company.

© Adriana Loureiro Fernandez for The New York Times

An oil refinery in Punto Fijo, Venezuela, in 2021. Venezuela’s president, Delcy Rodríguez, said a U.S. oil deal would have a “significant impact on our nation’s revival.”
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Chevron Is in Talks to Expand in Venezuela, a Potential Win for Trump

President Trump’s administration has been pushing U.S. companies like Chevron to invest more in Venezuela’s oil industry.

© Marco Bello/Reuters

A Chevron-chartered oil tanker was anchored near Maracaibo, Venezuela, in February. Chevron is the only U.S. oil company with a major footprint in the country.
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