Gas prices threaten Republican lawmaker's plans to win on affordability
CNBC
House Republicans plan to keep control of that chamber on a message of low costs. But higher oil prices could complicate that message.
Rising gas prices and no clear end of the Iran war are clashing with GOP plans to win the November elections on a message of affordability.
Republican U.S. House lawmakers are huddled in Miami this week to figure out a legislative agenda and midterm messaging to spotlight lower prices and new tax breaks.
Some lawmakers at the gathering acknowledged that the spike in gas prices — up more than 60 cents from a month ago according to AAA — is painful, but said they remain confident in President Donald Trump's promise that the conflict in Iran will be over soon and gas prices will come back down.
The judge is not forcing the board to let Ohio Rep. Joyce Beatty, an ex officio member through her position in Congress, vote at Monday's session.
Federal Reserve Chair Jerome Powell has said he is being investigated ostensibly for comments he made about the pricey renovations of the Fed's headquarters.
The United States government could end up paying $165 billion of more in refunds for Trump's IEEPA tariffs that the Supreme Court ruled were illegal.
Iran's threat to the Strait of Hormuz can't be fixed by releasing oil from strategic petroleum reserves.
The House Oversight Committee has called in Tova Noel, who was working at the time of Jeffrey Epstein's death, for a deposition later this month.
Oil prices have skyrocketed in the days since President Donald Trump's war on Iran began.
Russian leaders told President Trump they aren't sharing intelligence with Iran as it fights the U.S. and Israel, Special Envoy Steve Witkoff said this week.
It comes at a time when the Caribbean island is grappling with a worsening economic crisis.
Analysts say any attempt to attack or seize Iran’s strategic oil hub is likely to be fraught with risk.
The Strait of Hormuz, the world's most critical chokepoint for oil shipments, has been effectively closed since the U.S. and Israel began the war on Iran.
His comments to CNBC come as the U.S. and Israeli-led war appears poised to enter its third week.
The U.S. Central Command said that the loss was "not due to hostile or enemy fire."
The State Department said this week that 36,000 Americans had returned to the U.S. after the start of the war with Iran.