Long-term energy crisis looms as US and Iran remain in standoff.

Traffic of motorcycles and cars on a street in Tehran, Iran, May 9, 2026. Talks between the United States and Iran stumbled again over the weekend. (Arash Khamooshi/The New York Times) By AARON BOXERMAN and MAX BEARAK As President Donald Trump said Monday that the ceasefire in Iran was on “life support,” countries around the world were bracing for prolonged economic woes stemming from high energy prices. The average price of gasoline in the United States has climbed to more than $4.55 per...

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