The United States announced that it will loan 53 million barrels of oil from the Strategic Petroleum Reserve (SPR) to petroleum companies in an effort to relieve elevated prices.
The final oil tanker from the Middle East arrived at the Port of Long Beach on Monday, and California's oil industry unloaded on the state's Democratic leadership the same day it arrived.
U.S. forces boarded a sanctioned oil tanker in the Indian Ocean overnight Tuesday, seizing the vessel as part of ongoing efforts to cut off Iran's illicit crude oil exports amid a ceasefire that expires Wednesday.
President Trump broke publicly Monday with his Energy Secretary over when Americans can expect relief at the gas pump, telling reporters Chris Wright is "totally wrong" after Wright predicted prices might not come down until 2027.
Hours after agreeing to reopen the Strait of Hormuz, Iran blocked oil tankers from transiting the waterway Wednesday and threatened to destroy any vessel that attempts to pass without permission from the Iranian navy.