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U.S. President Donald Trump said he was looking at loosening shipping rules under the Jones Act, telling Fox News in an interview that aired on Friday that he would take a look at it but giving no other details. "We'll take a look, we'll take a look at everything, and it's all going to work out," Trump said in an interview with Fox News Radio's "The Brian Kilmeade Show" taped on Thursday night. Trump discussed military plans throughout the roughly 45-minute interview, saying the U.S. [Read more]

There is no clear evidence that Iran has placed mines in the Strait of Hormuz, U.S. Defense Secretary Pete Hegseth told a news briefing on Friday. The assessment by Hegseth contrasts with news reports earlier this week suggesting Iran had deployed about a dozen mines in the Strait of Hormuz, the conduit for a fifth of the world's oil. Asked about the possibility of mines in the Strait, Hegseth said: "We've heard them talk about it just like you've reported recklessly and wildly about it. [Read more]

Russia sees a U.S. sanctions waiver on its oil as an attempt by Washington to stabilise global energy markets, and the two countries have a shared interest in this, Kremlin spokesman Dmitry Peskov said on Friday. The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently at sea, in what Treasury Secretary Scott Bessent said was a step to stabilise global markets roiled by the Iran war. Without significant volumes of Russian oil [Read more]

WASHINGTON - Countries around the world are grappling with skyrocketing costs for key commodities like oil and fertilizer as the war with Iran continues to upend global trade. With no end in sight, the war is likely to cast a shadow over trade negotiations ahead of the mandatory review of the Canada-U.S.-Mexico Agreement on trade — and could ultimately offer Canada more leverage in those talks. "If you're sitting in Washington and you're seeing what's happening to global markets, you're [Read more]

The surge in energy prices triggered by the U.S.-Israeli war on Iran is putting European governments under pressure to help households and businesses, but strained finances in some major economies mean their firepower is limited. That makes it unlikely they will match the broad support provided after Russia's full-scale invasion of Ukraine three years ago, when subsidies and other assistance ran into the hundreds of billions of euros. Mindful of the 2022 energy crisis that exacerbated [Read more]

Calgary, Alberta--(Newsfile Corp. - March 12, 2026) - Lotus Creek Exploration Inc. (TSXV: LTC) ("Lotus Creek" or the "Company") is pleased to announce that the January Operational Update to Shareholders has been posted to the Company's website and can be accessed via the following link: January Operational Update - March 2026 Additionally, the Company announces that pursuant to the terms and conditions of the Company's stock option plan, the Lotus Creek Board of Directors has approved the [Read more]

BP said late on Thursday that its represented workforce at its Whiting refinery in Indiana has voted not to ratify the company's last, best, and final offer. "BP will continue to bargain in the best interests of our employees, our company, and the community," the company said in a statement. BP last week had presented the union with a Last, Best and Final offer (LBFO), and said it expires in 10 calendar days. (Reporting by Noel John in Bengaluru; Editing by Jacqueline Wong) [Read more]