Business

Energy markets could see a sharp reversal if tensions ease in the Middle East, as officials say a diplomatic breakthrough could quickly restore critical oil flows.U.S. Energy Secretary Chris Wright joined FOX Business' Lauren Simonetti on "Varney & Co." to discuss how a potential agreement with Iran could help reopen the Strait of Hormuz and stabilize prices after weeks of disruption.Wright indicated that energy markets are closely tied to developments […]

Americans are paying more for gas nationwide, with some states hit harder than others as the Iran conflict drives oil prices higher.The national average is now $3.95 per gallon, up $1.02 from a month ago, according to AAA.Prices are climbing across nearly every region, with some states already well above the national average. On the West Coast, drivers are seeing the highest costs, with prices reaching $5.79 per gallon in […]

FIRST ON FOX: The Trump Department of the Interior secured a landmark agreement with energy giant TotalEnergies to redirect nearly $1 billion away from "unreliable" and "ideological" wind farm projects approved under the Biden administration and instead invest in U.S. oil and natural gas as part of the president’s "energy dominance agenda."Secretary Doug Burgum announced the agreement with TotalEnergies on Monday at the CERAWeek conference, an annual gathering of global […]

Flight cancellations and delays are increasing at New York City's LaGuardia Airport after an Air Canada Express flight collided with a fire truck while landing late Sunday night.At least 295 flights departing from LaGuardia were canceled as of 10:30 a.m. ET on Monday, while 15 were delayed, according to data from flight tracking website FlightAware.The tracker also showed at least 288 flights headed to LaGuardia were canceled as of 10:30 […]

Airport security delays amid the partial government shutdown have created weekend travel nightmares, with massive TSA lines choking terminals across the country, unpaid officers calling out in growing numbers, and President Donald Trump vowing to send U.S. Immigration and Customs Enforcement (ICE) agents to airports to try to stem the tide of American angst."This is insane," a frustrated passenger told CNN at Atlanta's Hartsfield-Jackson International, regarded as the busiest airport […]

For millions of Americans, higher electricity bills are becoming a monthly frustration and a growing force in the midterm elections.Unlike more volatile costs such as gasoline, electricity is a steady, unavoidable expense tied directly to basic needs — keeping the lights on, heating and cooling homes and powering everyday life. That makes it especially politically sensitive at a time when many households are still feeling squeezed by broader inflation and […]

United Airlines is slashing flights as soaring fuel prices tied to the Iran war hit U.S. carriers, becoming the first major U.S. airline to announce a cut to capacity after weeks of industry warnings.United CEO Scott Kirby said in a staff memo released Friday that the airline will cut about 5% of capacity by trimming less profitable routes. He said the company is preparing for a prolonged period of elevated […]

Elon Musk offered to cover the salaries of Transportation Security Administration (TSA) personnel during the ongoing government funding standoff."I would like to offer to pay the salaries of TSA personnel during this funding impasse that is negatively affecting the lives of so many Americans at airports throughout the country," Musk said in an X post on Saturday morning. Musk's offer comes as a partial government shutdown passes one month, with lawmakers […]

Young Americans are increasingly finding themselves shut out of the housing market as rising debt levels and lingering affordability pressures reshape the path to homeownership."The Ramsey Show" host Dave Ramsey joined FOX Business' Cheryl Casone on the FOX Business In Depth Special, "Hitting Home: Rebuilding the Dream," to break down the financial realities facing first-time buyers and why many are falling behind.Ramsey pointed to a combination of record-high consumer debt […]