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Iranian officials warn of a long ‘war of attrition’ and global economic chaos as energy supplies from the region are throttled Iran dramatically escalated its strategy of striking civilian infrastructure and transport networks across the Gulf on Wednes…
Iranian officials warn of ‘war of attrition’ and global economic chaos as energy supplies are throttledMiddle East crisis – live updatesIran dramatically escalated its strategy of striking civilian infrastructure and transport networks across the Gulf …
Former US secretary of state says oil shock driven by war in Iran highlights dangers of reliance on fossil fuelsMiddle East crisis live – latest updatesCountries must seek energy independence through renewable resources and nuclear energy for their nat…
Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress pricesIEA orders largest ever release of stockpiled oil to reduce crude priceHow the Iran conflict could affect energy prices – vide…
Chancellor does not rule out ditching fuel duty rise but tells MPs it is too early to gauge if consumers need extra helpBusiness live – latest updatesRachel Reeves has refused to rule out ditching a planned fuel duty increase in September, as she promi…
Members agree unanimously to release about 400m barrels amid market volatility caused by Iran warBusiness live – latest updatesMiddle East crisis live – latest updatesThe International Energy Agency has ordered the largest release of government oil res…
While some argue for destroying the terminal though which 90% of Iran’s oil exports flow, others caution of a global market ‘tailspin’Kharg Island – through which 90% of Iran’s oil exports flow – is arguably the country’s most sensitive economic target…
Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vesselsMiddle East crisis live – latest updatesThree merchant ships have been struck in and around the strait of Hormuz, including a Thai regis…
Saudi Arabian state oil firm calls crisis by far the biggest the region has seen but firm can reroute 70% of exports and tap crude held in storageHow the Iran conflict could affect energy prices – video explainerSaudi Arabia’s state oil company has war…
Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on FridayMiddle East crisis – live updatesOnly two vessels not linked to Iran or Russia have made the “chicken run” through the strait of Hormuz since …