Energy

“We are endangering one of the strongest economic pillars that we have in this country,” said fourth-generation Iowa farmer Mark Mueller.

Brent, the international oil benchmark, touched $99 a barrel after Saudi Arabia reported an attack on energy assets that caused temporary pauses in operations.

For U.S. consumers, the rising cost of diesel is likely to result in higher retail prices for everything from produce and toys to lumber and apparel.

The average price of diesel gas hit its highest level since the Iran war started, as a global supply bottleneck tightened and seasonal demand is poised to rise.

The national average price for regular gasoline hit $4 per gallon again Monday as the renewed conflict with Iran and Ukraine-Russia attacks rattle energy markets.

The price of oil rose sharply after Iran reportedly cut off talks with the United States to the war. Crude oil jumped to levels not seen since mid-May.

The Wrights turned their Texas home from a solar-powered standalone into part of a Virtual Power Plant (VPP) network, which returns excess energy to the grid.

As May’s final day of oil trading is underway, the price of crude is set for its biggest one-month decline in six years, delivering some relief to consumers.

BP ousted Chair Albert Manifold with immediate effect citing governance standards, oversight and conduct issues, but did not say what those were.