The last cut in the fuel excise cost $5 billion. A temporary tax on gas exports could provide more targeted relief for households.
Articles on US-Iran conflict
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Oil shocks create winners and losers, but the Canadian dollar no longer softens the blow the way it once did.
Many of the measures rolled out during the 2022 Ukraine crisis aren’t viable for Europe today.
Trump’s Iran war is historically unique in one critically important way: Early on, the war is not popular with the American public.
A small but powerful group of people do very well out of war.
Relations between Saudi Arabia and Iran had recently begun to thaw.
The Iran war is affecting the whole Middle East. An expert on the region looks at four key issues that shed light on the war’s likely end and political consequences.
Even though the deployment is defensive in nature, it could still be seen by Iran as support for the US-Israeli air offensive.
News of the defections came as the government announced the deployment, in response to requests from the region, of an E-7A Wedgetail to the gulf.
More than 20 years after the US military success in Iraq, the outcome of the US effort at regime change wasn’t as expected, and authoritarians with close ties to Iran now rule the country.
Oil prices affect the US economy differently than in past decades. Nowadays, the US is less reliant on oil imports and uses less oil to produce more economic output.
Sunshine and stability were major marketing tools.
Oil refineries can be legitimate military targets, but only if specific criteria are met.
Gulf states have been opportunistic players in the Horn of Africa.
The U.S.-Israeli war in Iran is helping advance Russian interests as it prepares for a spring offensive against Ukraine.
This rain would include acids but also likely many other pollutants harmful to humans and the environment. It may be worse than the term ‘acid rain’ conveys.
Washington has long worked with Kurdish groups in the Middle East. But without sufficient support, encouraging Iranian Kurds into an uprising now could be dangerous.
Risks for the US economy grow as the war in the Middle East continues to escalate.
The EU’s deeply integreated single market makes it very difficult to isolate one member state.
Reporting on Iran is challenging, both from inside the country and from outside.
Top contributors
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Honorary Research Fellow, Department of International Politics, City St George's, University of London
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Professor in International Politics, City St George's, University of London
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Emeritus Professor of Middle Eastern Studies, Australian National University; The University of Western Australia; Victoria University
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Associate Professor in International Relations, UNSW
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Lecturer in History and International Studies, Leiden University
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Adjunct Professor, Defence and Security Institute, The University of Western Australia; UNSW
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Associate Professor in International Politics, UCL
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Professor of International Security, University of Birmingham
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Lecturer in Energy Systems, University of Oxford
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Professorial Fellow, University of Canberra
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Professor of International Relations, Lancaster University
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Professor of the Practice of Political Science and International Relations, USC Dornsife College of Letters, Arts and Sciences
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Lecturer, Department of War Studies, King's College London
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Associate Professor, Defence Studies Department, King's College London
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Fellow for the Middle East at the Baker Institute, Rice University