Trump signs permit for new canada oil pipeline

President Trump has approved a presidential permit for the Bridger expansion pipeline, a project that would carry oil from Canada's Alberta tar sands to central Wyoming. The 647-mile line is backed by the True family, longtime Wyoming oil operators, and aims to begin construction next year with oil flowing by 2028. The Trump administration is expediting environmental reviews to speed up the process.

Last Thursday, Trump signed the permit at the White House, noting the contrast with the prior administration. “They wouldn’t sign a pipeline deal, and we have pipelines going up,” he said. The permit clears the way for cross-border transport of at least 550,000 barrels of crude per day, with potential to reach more than 1 million barrels daily at peak capacity. The Canadian segment will be built by South Bow, a spin-off from the firm behind the original Keystone XL proposal.

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President Trump announces Iran truce at podium with Strait of Hormuz map and crashing oil prices on screen, symbolizing market plunge.
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President Donald Trump announced a two-week suspension of attacks against Iran, conditioned on reopening the Strait of Hormuz. WTI crude prices fell over 17% to US$93 per barrel, while Brent dropped to US$103.43. The move follows a 10-point Iranian proposal and talks with Pakistan.

President Donald Trump has threatened to prevent the opening of the Gordie Howe International Bridge connecting Windsor, Ontario, to Detroit, Michigan, citing ongoing trade imbalances with Canada. The bridge, under construction for nearly eight years, is set to open this year but could face delays due to Trump's stance on tariffs and Canada's trade talks with China. Michigan Governor Gretchen Whitmer remains confident in the project's completion.

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Indonesia's government and the United States have agreed on several energy sector deals following the meeting between President Prabowo Subianto and President Donald Trump. The agreements include energy imports worth 15 billion USD and Freeport permit extensions. These steps aim to balance trade and enhance national energy security.

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