All posts tagged: iShares U.S. Energy ETF

Republicans stare down inflation abyss with midterms fast approaching

Republicans stare down inflation abyss with midterms fast approaching

Published by Sam Flores

Rep. Brian Fitzpatrick, R-Pa., talks with a reporter in the U.S. Capitol’s Statuary Hall on Friday, March 27, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Republicans have said for months that inflation is former President Joe Biden’s problem. Now, they’re staring down the barrel of an inflation crisis of their own making just in time for the midterm election, and the blame game is just getting started. Inflation ticked up to 3.8% year-over-year in April, the highest mark since 2023. Much of that spike is coming on the back of soaring energy prices, which have persisted since President Donald Trump launched a war in Iran. Trump and congressional Republicans swept into power in 2024 by promising to defeat the inflation that dogged Biden’s presidency. But they now risk getting trounced in the 2026 midterm election due to their own inflation crisis, and they are struggling to find a clear message to battle high prices as the president pushes for a $400 million White House ballroom and a $1.8 billion taxpayer-funded legal relief …

Trump faces calls for removal over threats to wipe out Iran civilization

Trump faces calls for removal over threats to wipe out Iran civilization

Published by Sam Flores

U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., speaks to the media outside the U.S. Capitol after the House of Representatives voted to pass President Donald Trump’s sweeping spending and tax bill, in Washington, July 3, 2025. Ken Cedeno | Reuters The reticence expressed by Democrats about removing President Donald Trump from office — even after he ousted Venezuelan President Nicolás Maduro and attacked Iran without seeking congressional approval — quickly fell away after his latest threat to Iran. The president’s Tuesday morning Truth Social post, which threatened “a whole civilization will die tonight” and raised the specter of nuclear war, began a chorus of calls either for Trump’s impeachment or for his removal via the invocation of the 25th Amendment. On Tuesday evening, Trump and Iran announced a two-week ceasefire. “This is a threat of genocide and merits removal from office. The President’s mental faculties are collapsing and cannot be trusted,” Rep. Alexandria Ocasio-Cortez, D-N.Y., posted to X on Tuesday. “To every individual in the President’s chain of command: You have a duty to refuse illegal orders. …

Trump threatens Iran’s infrastructure as reports emerge of downed U.S. F-35

Trump threatens Iran’s infrastructure as reports emerge of downed U.S. F-35

Published by Sam Flores

Significant sections of the B1 Bridge are seen destroyed after an airstrike attributed to the United States and Israel targeted the site near Tehran, in Karaj, Iran, on April 03, 2026. Anadolu | Anadolu | Getty Images U.S. President Donald Trump on Thursday threatened to destroy Iran’s bridges and power plants, saying the “New Regime leadership knows what has to be done, and has to be done, FAST!” in a Truth Social post. Trump did not elaborate on what needed to be “done,” but said the U.S. “hasn’t even started destroying what’s left in Iran.” Hours later, Iran’s semi-official Tasnim news agency reportedly claimed that a U.S. F-35 fighter jet was shot down over central Iran. Images of debris posted on Telegram included a photo that appeared to show the words “U.S. Air Forces in Europe” on what looked like a plane’s tail section. The U.S. Central Command, which oversees the region, and Iranian authorities did not respond to a request for comment at the time of publication. Read more U.S.-Iran war news Trump’s latest threat …

Top permitting-reform senators meeting as talks thaw: API chief

Top permitting-reform senators meeting as talks thaw: API chief

Published by Sam Flores

U.S. Sen. Shelley Moore Capito (R-WV) speaks to the media following the weekly policy luncheons at the U.S. Capitol on June 21, 2023 in Washington, DC. Kevin Dietsch | Getty Images Senate Environment and Public Works Committee Chair Shelley Moore Capito and ranking Democrat Sheldon Whitehouse are meeting to discuss reforming the federal energy permitting process, American Petroleum Institute president Mike Sommers told CNBC. “We have both the Republican in the United States Senate … Shelley Moore Capito, and the Democrat Sheldon Whitehouse, who [are] responsible for permitting reform, finally meeting again to discuss how we get this done this year,” Sommers told CNBC. A person familiar with the negotiations, granted anonymity to discuss the details, said they “will be talking frequently this week about permitting since negotiations are back on,” but was unaware of any designated meeting time. The person noted committee staff are negotiating regularly. Capito, R-W.V., and Whitehouse, D-R.I., talking regularly comes after Democrats publicly announced a thaw in permitting talks. Democrats walked away from talks last year after the Trump administration ordered …