--- title: "Dow Jones Top Energy Headlines at 4 PM ET: 'Piece of Garbage': Trump's Response to Iran's Counteroffer Sends Oil Prices Higher | Aramco ..." type: "News" locale: "en" url: "https://longbridge.com/en/news/285991356.md" description: "Trump's remarks on Iran's counteroffer have led to a rise in oil prices, with Aramco warning of a significant supply loss if the Strait of Hormuz remains closed. Gas prices are surging, prompting Trump to support suspending the federal gas tax. Constellation Energy's earnings beat estimates, but its outlook disappointed investors. California faces worsening gas prices due to reliance on Middle Eastern crude. Saudi Aramco's profits increased despite shipping disruptions, while U.S. sanctions target an Iraqi official for aiding Iranian oil sales. Shell's CEO noted that market volatility has created trading opportunities for the company." datetime: "2026-05-11T20:21:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285991356.md) - [en](https://longbridge.com/en/news/285991356.md) - [zh-HK](https://longbridge.com/zh-HK/news/285991356.md) generator: "portal-rs" --- # Dow Jones Top Energy Headlines at 4 PM ET: 'Piece of Garbage': Trump's Response to Iran's Counteroffer Sends Oil Prices Higher | Aramco ... 'Piece of Garbage': Trump's Response to Iran's Counteroffer Sends Oil Prices Higher He added that "the cease-fire is on massive life support." ---- Aramco Sees Oil Market Losing 100 Million Barrels a Week if Hormuz Remains Closed Saudi Aramco Chief Executive Amin Nasser added that the market has already lost about 1 billion barrels of oil supply during the crisis. ---- Trump Says He Supports Suspending the Federal Gas Tax Gasoline prices have surged as a result of the war in Iran, putting pressure on consumers. ---- Constellation Energy Beats Earnings Estimates. Its Outlook Pulls the Stock Lower. The energy producer reaffirms its full-year outlook range, with the midpoint slightly below analysts' expectations. ---- Think $6 Gas Is Bad? It's About to Get Even Worse in California The Golden State depends more on crude-oil shipments from the Middle East than any other U.S. state. ---- Energy & Utilities Roundup: Market Talk Gain insight on oil futures, BP's management and more in the latest Market Talks covering energy and utilities. ---- Saudi Aramco Profit Jumps Despite War Disrupting Shipping Routes The oil giant ramped up exports via its East-West pipeline, which bypasses the Strait of Hormuz. ---- What Happens to Air Travel When 20% of the World's Exported Jet Fuel Vanishes Watch why the U.S., Europe and Asia are hit so differently by the jet-fuel crisis. ---- Venezuela's State Oil Company Taps White & Case Ahead of Restructuring Talks PdVSA has retained the law firm to protect its interests in the Citgo sale after U.S. Treasury granted Venezuela permission to hire advisers on Tuesday. ---- U.S. Sanctions Iraqi Official Over Allegedly Aiding Iranian Oil Sales The Treasury Department accused Iraq's deputy oil minister of helping Tehran to violate an international embargo. ---- Shell CEO on Oil Market: 'Volatility Has Created Opportunities' The energy major's traders took advantage of whipsawing oil prices sparked by the Iran war to power the company to its best earnings quarter in two years. ---- Frackers Are Finally Ready to Drill. Trump Won't See a Return of the Go-Go Days. Shale companies are cautiously dialing up output and hinting at a prolonged period of high oil prices. (END) Dow Jones Newswires May 11, 2026 16:15 ET (20:15 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. ### Related Stocks - [SHEL.WI.US](https://longbridge.com/en/quote/SHEL.WI.US.md) - [SHEL.US](https://longbridge.com/en/quote/SHEL.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [CEG.US](https://longbridge.com/en/quote/CEG.US.md) - [BP.US](https://longbridge.com/en/quote/BP.US.md) - [BP.UK](https://longbridge.com/en/quote/BP.UK.md) ## Related News & Research - [Oil prices rise as latest fighting resurrects Middle East supply disruption risks](https://longbridge.com/en/news/297575875.md) - [4-Oil prices rise on escalation in Middle East](https://longbridge.com/en/news/297926451.md) - [ROI-Why oil importers are learning to live with longer trade routes: Maguire](https://longbridge.com/en/news/297894631.md) - [Two tankers carrying Saudi oil attacked in Strait of Hormuz](https://longbridge.com/en/news/297634939.md) - [ROI-ENERGY WATCH: Back on the boil](https://longbridge.com/en/news/297938059.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**