National gas averages have climbed above $4 a gallon amid renewed U.S.-Iran hostilities and a naval blockade of the Strait of Hormuz. The price spike highlights growing global supply concerns as shipping volumes through the vital maritime chokepoint drop to three-week lows.

Governor Kathy Hochul signed an executive order pausing permits for large-scale data centers to evaluate their impact on New York’s resources. The move aims to establish new regulatory frameworks while addressing rising utility costs.

Renewed hostilities in the Persian Gulf have heightened global energy security concerns, driving up fuel costs as tanker traffic through the Strait of Hormuz declines.

Prime Minister Mark Carney and Alberta Premier Danielle Smith announced a joint partnership to construct a major oil pipeline to the Pacific Coast. The project aims to increase oil exports to Asia while incorporating new industrial carbon pricing and carbon capture commitments.