More: Energy
Macron: Over 15 countries plan to secure Strait of Hormuz access
French President Emmanuel Macron announced that about 15 countries are working together to resume traffic through the Strait of Hormuz, where a fifth of...
US, Iran Strike Two-Week Ceasefire Deal, Agree to Reopen Strait of Hormuz
The United States and Iran have agreed to a two-week ceasefire, reaching a deal just before President Donald Trump's deadline for Iran to reopen...
As War Disrupts Middle East, Russia Sees Fresh Trade Openings
Global supply disruptions from the war in the Middle East have created new trade opportunities for Russia, according to Russian Prime Minister Mikhail Mishustin....
Kremlin Says the World Is Lining Up for Russian Energy
The Kremlin announced that there is a large demand for Russian energy amid a severe global energy crisis affecting oil and gas markets. The...
Oil Rises as Hormuz Shuts, Iran Strikes Intensify, Trump Deadline Looms
Oil prices increased on Tuesday as a deadline from U. S. President Donald Trump approached, demanding Iran reopen the Strait of Hormuz or face...
Pakistan Rushes to Electric Bikes as Fuel Crisis Reshapes Economy
Crisis Driven Shift in Consumer Behavior
The blockade of the Strait of Hormuz has triggered an immediate shift in how people in Pakistan think about...
Asian Airlines Face Fuel Crunch, Trim Flights and Carry Extra Fuel Amid Middle East Crisis
Jet Fuel Shortages Hit Asia Hard
Airlines across Asia are adjusting operations in response to the Middle East conflict, which has sharply reduced jet fuel...
Global Energy Shock Deepens as IEA Warns of Crisis Beyond Historical Precedents
Unprecedented Disruption in Global Energy Supply
The head of the International Energy Agency, Fatih Birol, has framed the current oil and gas crisis as more...
How China’s oil-shock readiness is paying off for investors
China's ability to handle energy shocks has led to strong performance in its financial markets, attracting global investors amidst ongoing conflicts in Iran. The...
Hormuz Blockade Creates Winners and Losers Among Middle East Oil Exporters
The closure of the Strait of Hormuz has significantly impacted global oil prices, benefiting countries like Iran, Oman, and Saudi Arabia while others like...