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State-run QatarEnergy says Iranian attack on facilities has wiped out 17% of its LNG capacity for up to five yearsMiddle East crisis – live updatesBusiness live – latest updatesGas prices jumped to four-year highs and oil prices rose again after an esc…
Iran war and its impact on energy and fertiliser costs is the main risk to the global economy, report saysBusiness live – latest updatesAn extended period of high oil prices as a result of war in the Middle East could “crimp” the AI boom, the World Tra…
US president claims Israel will not attack South Pars again – but threatens to destroy ‘extremely important and valuable’ site if Iran continues to attack gas facilities in QatarMiddle East crisis – live updatesDonald Trump threatened to “massively blo…
Fears of ecological disaster as vessel continues to drift after being struck by suspected drone attackA severely damaged Russian tanker carrying liquified natural gas that has been adrift in the Mediterranean for two weeks, raising concerns of an ecolo…
Governments in countries heavily reliant on Middle Eastern oil introduce measures to shield public from soaring costsMiddle East crisis – live updatesIn Thailand, news anchors ditched their jackets on air as the government called on the public to reduc…
Progressive and green groups join call for tax on major fossil-fuel companies to help offset rising living costsWith big oil companies poised to reap billions of dollars in profits from the war in Iran, Democratic lawmakers and progressive groups are c…
Pipeline, closed since 2015 after huge oil spill, reopens after president cites need to boost US supply amid war on IranOil has begun to flow from a controversial California pipeline for the first time in an over decade following a Trump administration…
Events in the narrow waterway are causing chaos around the globe. Jillian Ambrose explains whyThe strait of Hormuz, a narrow stretch of water at the mouth of the Gulf, is the world’s petrol pump, a geographical bottleneck through which 20% of the world…
Events in the narrow waterway are causing chaos around the globe. Jillian Ambrose explains whyThe strait of Hormuz, a narrow stretch of water at the mouth of the Gulf, is the world’s petrol pump, a geographical bottleneck through which 20% of the world…
Effective closure of strait of Hormuz also affecting Bangladesh, India and Pakistan, which have brought in crisis measuresSri Lanka is introducing a shorter four-day working week to preserve its shrinking fuel and gas reserves, as the Middle East confl…