Axios

When energy observers wondered when U.S. gas prices would hit $4 due to the Iran war, they looked at the cost of crude oil.

The big picture: Watching shifting crude oil prices — which can change because of demand, market expectations and taxes — can help you understand why costs at the pump might rise, but it's far from a perfect predictor.

Spending on data centers is surging to levels that rival investments in energy, according to a new report by Norway-based Rystad Energy.

Why it matters: The research firm's findings underscore how the AI boom is reshaping global capital flows.

There's a big shift happening in Big Tech as the AI transition enters a new era.

Why it matters: Investors are changing the way they price these superstar stocks, but judging by what happened in the market Tuesday, they are not totally sure how to do so.

Pioneering a whole new class of car is hard enough, but musician will.i.am tells Axios he also wants his Trinity three-wheeled electric vehicle to be an AI agent, helping its driver plow through emails or plot out strategy.

Why it matters: Trinity is the epitome of the kind of ambition sweeping Silicon Valley: that AI can turn even a single-seat vehicle into a platform — and that building it can revive left-behind communities.

President Trump will address the nation on Wednesday evening on the war in Iran, White House press secretary Karoline Leavitt said.

Why it matters: Leavitt's Tuesday evening announcement on X came soon after Trump told reporters at the White House that U.S. forces could leave the Middle East in "two or three weeks."

The oil shortage brought on by the Iran war will spread throughout the world, much as COVID-19 did, moving from east to west and leaving a path of destruction in its wake, a new analysis says.

Why it matters: If the oil shock plays out along those lines, it would mean the global economy has only just begun to feel the pain of the war's impact.

HOUSTON — As nuclear energy industry deals pile up, executives are turning their focus to what many describe as a huge challenge: How to build multiple plants quickly.

Why it matters: Nuclear energy is seen as critical to supplying enough power for AI data centers' massive electricity needs.

Forget earnings reports or other corporate announcements, the stock market really has just two main catalysts this year: AI anxiety and President Trump.

Why it matters: It's like a pinball machine where the flippers are Truth Social and Anthropic blog posts.

America's biggest tech companies are getting hammered by investors as the war in Iran spikes oil prices and kills rate cut hopes.

Why it matters: The tech companies that drove the stock market's gains for the last three years are now its biggest headache.

Oil prices climbed above $116 per barrel after markets opened Sunday, as Iran-backed Houthi militants fired missiles and drones at Israel over the weekend and promised to continue attacks.

Why it matters: The high price that remained around the $116 a barrel mark late Sunday came as the war moved into its fifth week, showing little sign of abating despite President Trump's talk of diplomacy.