U.S. Hosts G20 Energy Talks Amid Fuel Shock

The United States has opened a three-day G20 energy meeting in Houston focused on “energy abundance,” affordable and reliable power, streamlined permitting, resilient infrastructure, and critical-mineral supply chains. Delegations from major economies and energy producers, including China, India, Japan, Germany, Canada, and Saudi Arabia, are attending as the conflict involving the United States, Israel, and Iran disrupts oil and gas supplies, raises prices, and leaves Europe struggling to replenish gas storage before winter. U.S. diesel prices have reached a record average of $6.20 per gallon, while regular gasoline is 44 percent more expensive than before the conflict, increasing domestic political pressure on President Donald Trump and Republicans ahead of the midterm elections. Russia’s participation has created a diplomatic controversy, with European allies warning that inviting Moscow undermines efforts to isolate it over the war in Ukraine.