Oil prices extend gains after Iran makes new threat to Gulf shipping

It comes after prices surged on Monday and as the US is set to announce plans to deal with the rising cost of energy.

Europe counts the cost as Iran war disrupts energy shipments

Europe woke to a fresh surge in energy prices on Monday as the escalating war in the Middle East disrupted oil shipments and natural gas production in one of the world’s most critical energy-producing regions. The continent’s benchmark natural gas price, the Dutch TTF, rose by more than 40 per cent at one point amid mounting reports of supply disruptions following American and Israeli attacks on Iran and Iranian retaliation against regional targets. Qatar’s state-owned QatarEnergy said it had...

By Xiaofei Xu

Will Iran deepen the cost-of-living crisis?

Britain and Europe must prepare for soaring energy prices

By Will Dunn

Oil rises as expanding US-Israeli conflict with Iran elevates supply risks

Oil prices rose for a third day on Tuesday as the widening US-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region. Brent crude futures were at $79.44 a barrel, up $1.70, or 2.2 per cent, by 04:00 GMT. On Monday, the contract surged to as high as $82.37, its highest since January 2025, though it pared those gains to settle 6.7pc higher. US West Texas Intermediate crude jumped $1.17, or ...

By none@none.com (Reuters)