Energy in America

Japan, South Korea and other major oil importers welcomed Tuesday the decision by the Trump administration to let them continue to import Iranian crude oil and other petroleum products despite the re-imposition of sanctions on Tehran.

U.S. stocks are mostly higher early Monday as Warren Buffett's Berkshire Hathaway leads gains in financial companies, while energy companies rise along with the prices of oil and natural gas.

___ Fed likely to keep rates on hold and sketch a bright outlook WASHINGTON (AP) — With the economy strong, wages rising and unemployment at a near-five-decade low, the Federal Reserve remains on track to keep raising interest rates — just not this week.

Stocks that moved substantially or traded heavily Monday: Berkshire Hathaway Inc., up $9.67 to $216.24 Warren Buffett's company said its quarterly profit surged and it bought back almost $1 billion in stock.

Iran greeted the re-imposition of U.S. sanctions on Monday with air defense drills and an acknowledgement from President Hassan Rouhani the nation faces a "war situation," raising Mideast tensions as America's maximalist approach to the Islamic Republic takes hold.

The latest on developments in financial markets (all times local): 9:35 a.m.

Tennessee and Alabama will get their largest solar power projects yet, to supply a Facebook data center with 100 percent renewable energy.

The Standing Rock Sioux is challenging new government conclusions that the $3.8 billion Dakota Access oil pipeline poses no significant environmental threats to American Indian tribes in the Dakotas.

CORRECTS: China, Greece, India, Italy, Turkey, South Korea, Taiwan, Japan get US sanctions waivers for Iran oil imports.

State oil and gas regulators in Oklahoma have ordered the indefinite shutdown of a disposal well after an earthquake struck nearby.

Asian markets tumbled Monday as traders feared that President Donald Trump only reported progress in trade talks with China to score political points as the U.S. midterm elections draw near.

Asian markets tumbled Monday as traders feared that President Donald Trump only reported progress in trade talks with China to score political points as the U.S. midterm elections draw near.

The average U.S. price of regular-grade gasoline has dropped 8 cents a gallon over the past two weeks, to $2.85.

Turkey's president says he will not permit what he called the seizing of natural resources in the eastern Mediterranean.

The Trump administration is announcing the reimposition of all U.S. sanctions on Iran that had been lifted under the 2015 nuclear deal.

___ US economy looks strong heading into congressional elections WASHINGTON (AP) — For a U.S. economic expansion now in its 10th year, hiring remains robust, growth has picked up and the outlook is a mainly bright one on the eve of congressional elections.

For a U.S. economic expansion now in its 10th year, hiring remains robust, growth has picked up and the outlook is a mostly bright one on the eve of congressional elections.

Exxon Mobil Corp. on Friday reported third-quarter profit of $6.24 billion.