Oil prices swing and stock markets tense on approach to Trump’s deadline for Iran to reopen strait of Hormuz
Business live – latest updates
The oil and gas crisis triggered by the blockade of the stra…
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IEA
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6 days ago
Oil back above $110 in volatile markets as Trump deadline looms for Iran to reopen strait – business live ⊖⊖
IMF head warns Middle East war will lead to higher inflation and slower global growth while IEA director says oil and gas crisis ‘more serious than the ones in 1973, 1979 and 2022 together’
Brent cru…
9 days ago
Countries must not hoard fuel during Iran war, warns IEA ⊖
Fatih Birol makes veiled reference to China as he urges nations to avoid export bans despite worsening supply shock
12 days ago
Oil supply crunch will worsen in April, IEA warns as it weighs releasing more strategic reserves ⊖⊖
The organization’s Executive Director Fatih Birol also warned that the Iran war had created the worst oil crisis in history.
21 days ago
A war and maybe an unprecedented depression: it’s Trump’s mania, but now all of us will pay the price | Polly Toynbee ⊖⊖
It had been possible to observe this presidency in abstract terms, but no more. The consequences of the Iran attack will affect our lives and our politics
Nothing has changed. Yet. But we stand on the…
22 days ago
More than 40 Middle East energy assets ‘severely damaged,’ IEA chief says ○
The IEA’s Fatih Birol warned that damage to energy infrastructure across the Middle East would take some time to repair.
World in energy crisis worse than 1970s’ oil shocks combined, IEA head says ⊖⊖
Energy crunch prompted by Iran war poses 'major threat' to global economy, Fatih Birol says.
IEA chief warns of ‘very severe’ global energy crisis ⊖⊖
IEA may release more oil as the Iran war hits supply, with chief Fatih Birol warning of a severe global energy crisis.
Iran war energy crisis equal to 70s twin oil shocks and fallout from Ukraine war, says IEA chief ⊖⊖⊖
Fatih Birol says effect on energy markets of Iran bombings and closure of Hormuz strait not initially understood by world leaders
Middle East crisis live – latest updates
The global energy crisis cause…
24 days ago
Drive more slowly and work from home to help ease energy crisis, IEA urges ○
People should change how they travel, work and cook to tackle the energy price crisis, the International Energy Agency says.