Trump looks on as EPA Administrator Scott Pruitt speaks. Photo: Susan Walsh / AP

The Environmental Protection Agency is set to soon announce a two-year delay of an Obama-era rule setting new standards for methane, a potent greenhouse gas, from oil and gas wells not yet drilled, according to an EPA official and public filings.

Driving the news: The White House recently completed its review of a proposal that stays the rule, which President Obama's EPA finalized in May 2016. A senior EPA official told Axios Tuesday the goal was to release the proposal next week, and that it's unlikely to be released this week.

One level deeper: The two-year delay is aimed at giving the agency time to decide to what degree it replaces the rule, according to the EPA official. The oil and gas industry has to varying degrees addressed methane emissions, making this a messier regulatory issue than some others.

Go deeper

: Check out a

my column

from earlier this year delving into how industry is urging President Trump to not to wholly repeal too many environmental regulations.

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8 hours ago - World

China-Iran deal envisions massive investments from Beijing

Illustration: Aïda Amer/Axios

China and Iran have negotiated a deal that would see massive investments flow into Iran, oil flow out, and collaboration increase on defense and intelligence.

Why it matters: If the proposals become reality, Chinese cash, telecom infrastructure, railways and ports could offer new life to Iran’s sanctions-choked economy — or, critics fear, leave it inescapably beholden to Beijing.

Updated 8 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 13,048,249 — Total deaths: 571,685 — Total recoveries — 7,215,865Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 3,353,348— Total deaths: 135,524 — Total recoveries: 1,031,856 — Total tested: 40,282,176Map.
  3. World: WHO head: There will be no return to the "old normal" for foreseeable future — Hong Kong Disneyland closing due to surge.
  4. States: Houston mayor calls for two-week shutdownCalifornia orders sweeping rollback of open businesses — Cuomo says New York will use formula to determine if reopening schools is safe.
  5. Education: Los Angeles schools' move to online learning could be a nationwide tipping point.

House Judiciary Committee releases transcript of Geoffrey Berman testimony

Geoffrey Berman. Photo: Alex Wong/Getty Images

The House Judiciary Committee on Monday released the transcript of its closed-door interview with Geoffrey Berman, the former top federal prosecutor in Manhattan who was forced out by Attorney General Bill Barr last month.

Why it matters: House Democrats have seized on Berman's testimony, in which he claimed the attorney general sought to "entice" him into resigning so that he could be replaced by SEC chairman Jay Clayton, to bolster allegations that the Justice Department has been politicized under Barr.