World heading for energy crisis ‘worse than 70s oil shocks and Ukraine combined’ IN FULL The Independent UK · Mar 23
World facing worse energy shock than 1970s oil crisis and Ukraine war combined, says IEA chief Fatih Birol says world leaders underestimating impact war in Middle East will have on energy prices The Independent UK · Mar 23
Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a ‘feline Oscars’ star International Energy Agency executive director, said world leaders had not properly understood the consequences of the strait of Hormuz’s closure The Guardian - AU · Mar 23
US-Iran war latest: Tehran calls US peace talk claims ‘fake news’ as Trump sets new deadline to end war Donald Trump says the US and Iran have held talks about a ‘total resolution of hostilities’ The Independent UK · Mar 23
Anger grows among UK ministers amid fears Iran war could jeopardise Britain’s fragile finances Some in cabinet in despair over possible impact of war begun by Donald Trump, who branded Nato allies ‘cowards’ The Guardian - UK · Mar 20
Lowering speed limits among contingency plans to curb UK oil demand International Energy Agency recommends emergency measures, including working from home, as Iran war hits fuel supply The Guardian - UK · Mar 20
'Carry on as normal,' Starmer tells Britain as Trump's Iran war triggers oil crisis rocking economies The Prime Minister sought to reassure millions of households amid a new warning that energy bills could rise by more than £300 Evening Standard · Mar 20
IEA urges swift cuts in oil demand, encourages remote work, less air travel As the war in the oil-rich Middle East keeps escalating, the International Energy Agency is calling on governments to take measures to reduce oil demand by pushing remote working, reducing speed limits and encouraging a shift towards public transport. Euronews · Mar 20
Work from home and slow down on the road: world’s energy watchdog advises emergency measures as oil prices rise IEA makes 10 recommendations to help households and businesses prepare for a drawn-out disruption to energy markets The Guardian - AU · Mar 20
Is Asia’s energy lifeline on the line due to tensions in the Strait of Hormuz? Countries across Asia are scrambling to contain surging energy costs and fuel shortages as disruptions in the Strait of Hormuz threaten supplies. Euronews · Mar 17
Can the Grids Package free the EU from its energy dependence? US-Iran tensions disrupt Middle East energy routes, driving up oil and gas prices. After the 2022 energy crisis, Brussels launched the Grids Package. Can this plan cut Europe’s reliance on foreign energy? Euronews · Mar 17
IEA to consider release of more oil reserves as Iran war keeps prices high Head of world’s energy watchdog says it will take time for markets to recover from ongoing crisis in strait of Hormuz The Guardian - UK · Mar 16
There's an oil price scenario that would bring the US economy to a 'standstill; Higher-for-longer oil prices would lead to economic spillover effects that are much harder to control. Fortune · Mar 16
Oil prices rise as Trump presses allies to secure the Strait of Hormuz Oil prices continue to rise as the Iran war enters its third week, with President Trump pushing allies to help secure the Strait of Hormuz as investors react to threats facing Middle Eastern export facilities. Euronews · Mar 16
Fortune · Mar 13 The war in Iran has caused the biggest oil supply disruption in history, energy watchdog says, and a swift end to the conflict might not change that The war’s global energy consequences could ripple far beyond its eventual end-date.
Euronews · Mar 13 US expands Russian oil waiver to all buyers in bid to tame prices The US has expanded a temporary sanctions waiver on the purchase of stranded Russian oil from India alone to all countries worldwide as part of ongoing efforts to ease pressure on global energy prices.
International Business Times UK · Mar 13 Iran War Could Push UK Grocery Prices Up by Hundreds as Fertiliser Supply Stalls — Petrol Is Just the Start Discover how the Iran war is causing a fertiliser supply chain crisis, leading to a second wave of food inflation in the UK. Learn about the impact on British households and the economy.
The Conversation · Mar 13 China’s ban on fuel exports is deeply worrying for Australian air travellers Australia’s vulnerability to liquid fuel shortages and price hikes has intensified amid reports China has told oil refiners to halt all fuel exports. This adds to continued global uncertainty about the duration of the Iran conflict and its impact upon oil supplies.
Axios · Mar 13 Ship escorts to start in Strait of Hormuz "soon," Trump officials say Scott Bessent made the comments to Sky News as he confirmed the war had cost the U.S. $11 billion thus far.
The Independent UK · Mar 12 US navy will escort oil tankers through Strait of Hormuz despite Iran threats, says treasury secretary Scott Bessent said Chinese tankers have passed through the Strait in what he claimed was a sign Tehran ‘have not mined’ the passage
Barchart · Mar 12 Stocks Slump on Iran War and Credit Woes The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -1.52%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -1.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.73%. March E-mini S&P futures (ESH26 ) fell -1.49%, and March E-mini Nasdaq futures...
The Guardian - UK · Mar 12 Middle East war creating ‘largest supply disruption in the history of oil markets’ Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling markets
Euronews · Mar 12 Could oil prices really reach $200 a barrel as claimed by Iran? As the Iran war approaches the two-week mark, energy markets are bracing for a potential "super shock". The IRGC has repeatedly threatened to push oil prices up to $200 per barrel, leveraging its control over the Strait of Hormuz, but how realistic is this scenario?
Euronews · Mar 12 Trump administration could suspend the Jones Act in a bid to curb soaring oil prices The Trump administration is allegedly set to suspend the Jones Act, a century-old federal maritime law. A waiver would allow foreign tankers to transport cargo between US ports as oil prices remain above $100.
Barchart · Mar 12 Stocks Retreat Amid Rising Crude Prices and Credit Worries The S&P 500 Index ($SPX ) (SPY ) today is down -1.22%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.46%. March E-mini S&P futures (ESH26 ) are down -1.20%, and March E-mini Nasdaq futures...