More: Economics
US relaxes Russia oil curbs as war drives prices up
The United States has temporarily eased sanctions on Russian petroleum exports in an effort to calm surging global energy prices driven by the war...
South Korea Eyes Aid and Power Boosts Amid Global Energy Shock
South Korea is considering expanding energy vouchers for vulnerable households and boosting domestic power generation as rising global fuel prices linked to the Middle...
Turkish ship cleared through Hormuz
A Turkish owned vessel has been allowed to pass through the Strait of Hormuz after receiving permission from Iranian authorities, according to Turkey’s transport...
Debt heavy Europe faces energy shock
European governments are coming under renewed pressure to shield households and businesses from soaring energy costs as the war triggered by U.S. and Israeli...
Pakistan leans on local power as LNG risks rise
Pakistan’s energy planners say the country is now significantly less vulnerable to disruptions in imported liquefied natural gas as domestic sources increasingly dominate electricity...
Switzerland Reviews US Trade Probe
Switzerland said on Thursday it is analysing the implications of the latest U.S. trade investigations as Swiss industry urged Bern to continue talks aimed...
Europe Gas Recovery Faces Setback
Europe began 2026 with a surge in gas-fired electricity production, raising hopes among liquefied natural gas exporters that the region was regaining its previous...
India Says Iran May Allow Its Tankers Through Hormuz, But Tehran Denies Deal
Iran will allow Indian-flagged oil tankers to transit the Strait of Hormuz, a vital route for about 40% of India’s crude imports, an Indian...
Gulf Shipping Under Fire: At Least 15 Vessels Hit Since Iran War Began
The U.S.–Israeli war on Iran has rapidly spread beyond land and air strikes into the maritime domain, threatening one of the world’s most critical...
Jet Fuel Shock Grounds Airline Hedging Strategies
The aviation industry is facing a renewed cost crisis as fuel prices surge following the U.S.–Israeli war on Iran. While airlines routinely hedge against...