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President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.
UK Prime Minister Keir Starmer is dealing with the economic fallout from the Iran crisis and mockery from US President Trump, who shared a 'Saturday Night Live' sketch, prompting UK ministers to discuss responses to energy prices.
Prime Minister Narendra Modi addressed parliament, highlighting India's diversified energy imports from 41 nations and emphasizing the nation's commitment to energy security amidst global tensions, following a high-level review of the sector.
The Indian rupee fell to a record low, nearing the 94-mark against the dollar, as the escalating Middle East conflict and concerns over crude oil prices and Strait of Hormuz geopolitical developments raised fears of sustained energy supply disruption and threatened India's economic outlook.
IEA chief Fatih Birol warns of a very severe global energy crisis, stating that more than 40 Middle East energy assets have been severely damaged, threatening long-term economic shock from attacks on oil and gas infrastructure in the Persian Gulf.
The Iloilo City government is considering additional measures to support public utility drivers facing financial strain due to increasing fuel costs and global oil supply uncertainties.
Several transport groups in the Philippines are staging a two-day nationwide strike from March 26-27 to demand government action on rising fuel prices.
Transport groups in Bacolod City, Philippines, staged a strike to demand fair and immediate release of government aid to drivers and measures to reduce fuel prices.
Global stock markets have plunged, oil prices surged, and gold extended losses as investors react to escalating Middle East tensions and Iran's strikes, with the Milan bourse suffering significant losses, prompting financial advisers to offer guidance on managing retirement accounts.
The war in the Middle East continues to escalate, impacting global markets and leading to significant losses on European stock exchanges. US natural gas exporters are benefiting as Asian governments seek alternatives to Middle East fuel, while oil prices continue to rise.
LG Energy Solution announced its accelerated push into battery recycling and repurposing, positioning the sector as a key growth driver and a cornerstone of its sustainability strategy. The initiative aims to build a closed-loop resource system.
Global stock markets have plunged, oil prices surged, and gold extended losses as investors react to escalating Middle East tensions and Iran's strikes, prompting financial advisers to offer guidance on managing retirement accounts.
Following US President Donald Trump's threat to "obliterate" Iran's power plants, Iran has warned of attacks on Persian Gulf energy systems and threatened to deploy mines in the Gulf if its coasts are hit, prompting warnings from China and reactions from Russia.
Transport groups in Pampanga, Philippines, halted traffic to protest rising fuel costs, as the Department of Energy chief announced impending double-digit price hikes for diesel and kerosene across the country.
The IEA chief has warned that over 40 Middle East energy assets have been severely damaged, requiring significant time to repair. This comes as a new phase of the Iran war targets oil and gas infrastructure in the Persian Gulf, threatening long-term economic damage to businesses and consumers worldwide.
Analysts are raising concerns about the US's ability to independently secure the Strait of Hormuz without allies, amidst Iranian threats and rising energy prices, questioning the nation's preparedness for potential conflict and Trump's erratic strategy.
The Department of Transportation–Special Action and Intelligence Committee for Transportation (DOTr-SAICT) in the Philippines has observed a rise in the number of commuters, attributed to increasing fuel prices driven by ongoing tensions in the Middle East.
The Ministry of Environment, Natural Resources, and Energy (MENRE) in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has assured the public of a steady supply of petroleum products.
The war in Iran presents a "concerning situation" given India imports significant quantities of crude oil and gas from Gulf nations, Prime Minister Narendra Modi told Parliament Monday.
A new phase targeting oil and gas infrastructure in the Persian Gulf threatens to hurt businesses and customers around the world for months or even years.
US natural gas exporters are emerging as beneficiaries of the Iran war, as governments in Asia scramble to find alternatives to Middle East fuel, boosting President Donald Trump’s 'energy dominance' agenda.
The conflict involving Iran is causing new inflationary stress across African economies, which are already recovering from previous shocks. Higher energy and fertilizer prices are threatening the continent's fragile economic recovery.
Global stock markets, including Wall Street, Milan, FTSE 100, and Athens, have suffered significant losses, while oil prices continue to rise, driven by escalating Middle East conflict, Trump's ultimatum to Iran, and threats of supply disruption from the Persian Gulf.
European stock markets, including the FTSE 100, Athens, and Milan, have recorded significant losses, sinking to a three-month low following escalating tensions in the Middle East and President Trump's warnings regarding the Strait of Hormuz, which has also led to a surge in oil prices.
The Middle East war has entered a 'dangerous phase' with warnings of a nuclear threat due to attacks occurring around nuclear energy facilities in Iran, prompting scrutiny of Israel's Iron Dome defense system after Iranian strikes near these sites.
Global stock markets have plunged and oil prices surged as investors react to escalating Middle East tensions, prompting financial advisers to offer guidance on managing retirement accounts and navigating the shaky market, including advice on specific ETFs.
Lawmakers from the House of Representatives’ Makabayan bloc in the Philippines are calling for a special session of Congress to craft legislation aimed at addressing the rising fuel prices, which they attribute to the Middle East conflict.
Public transport in Valencia City, Bukidnon, continued normally despite a nationwide transport strike in other parts of the Philippines, where drivers are demanding fuel subsidies and fare adjustments due to rising fuel prices.
A transport strike in Iloilo City, Philippines, disrupted commuting on Monday as drivers protested against rising fuel prices, with a large number expected to join the protest.
Prime Minister Modi addressed Parliament on the Middle East conflict, discussing measures for ensuring essential commodity supply and energy security amid the US-Israel-Iran war, following a government review of the war's impact on India's economy and supply chains.
Energy experts warn that a new phase of the war on Iran, targeting oil and gas infrastructure in the Persian Gulf, could lead to devastating long-term economic damage globally and potentially push oil prices to $150-180 per barrel, creating a 'black swan' event.
Greek Prime Minister Kyriakos Mitsotakis has announced a package of four measures, including a fuel pass, a subsidy on diesel fuel, and interventions for ferry tickets, to address the economic consequences of the Middle East energy crisis.