Commodities – War Watch

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State-sanctioned fuel smuggling cost Libya $20bn over three years – report
ByPatrick Wintour Diplomatic editor November 12, 2025

Policy body calls for western-backed investigation into oil officials known to be at heart of illegal enterpriseA surge in state-sanctioned fuel smuggling between 2022 and 2024 cost the Libyan people about $20bn (£15bn) in lost revenue – an alarming su…

Read More State-sanctioned fuel smuggling cost Libya $20bn over three years – report
Africa | Ayatollah Ali Khamenei | Benjamin Netanyahu | Commodities | Donald Trump | Energy industry | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Libya | Middle East and north Africa | Nuclear weapons | Oil | Oil and gas companies | Palestinian territories | Petrol prices | World news

State-sanctioned fuel smuggling cost Libya $20bn over three years – report
ByPatrick Wintour Diplomatic editor November 12, 2025November 13, 2025

Policy body calls for western-backed investigation into oil officials known to be at heart of illegal enterpriseA surge in state-sanctioned fuel smuggling between 2022 and 2024 cost the Libyan people about $20bn (£15bn) in lost revenue – an alarming su…

Read More State-sanctioned fuel smuggling cost Libya $20bn over three years – report
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EU risks breaking international law over Israel gas deal, say campaigners
ByJennifer Rankin in Brussels July 12, 2025

Europe accused of ‘trampling over Palestinian rights’ with deal linked to imports from pipeline running parallel to Gaza coastThe EU is “trampling over Palestinian rights” and risks breaching international law, over an energy deal signed with Israel to…

Read More EU risks breaking international law over Israel gas deal, say campaigners
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Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates
ByLauren Almeida June 19, 2025

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan• Business live – latest updatesAn escalation in the Middle East conflict could have a “huge impact on global trade”, the boss of the…

Read More Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates
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Will the new Middle East crisis rock the world economy? The markets say no – but I fear they’re wrong | Larry Elliott
ByLarry Elliott June 18, 2025

The oil shocks of the 1970s-90s had brutal economic impacts. As Israel attacks Iran, a moderate rise in oil prices rests on questionable assumptionsFinancial markets picked up the clear message when Donald Trump cut short his stay at the G7 summit in t…

Read More Will the new Middle East crisis rock the world economy? The markets say no – but I fear they’re wrong | Larry Elliott
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Energy bills | Energy industry | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Oil and gas companies | Palestinian territories | Petrol prices

Iran and Israel crisis: what does it mean for the price of oil?
ByJillian Ambrose and Lisa O'Carroll June 16, 2025June 16, 2025

Banks and forecasters say price trajectory will depend on how far the military and humanitarian crisis escalatesBusiness live – latest updatesMiddle East crisis – latest updatesThe escalating crisis between Israel and Iran has already triggered the lar…

Read More Iran and Israel crisis: what does it mean for the price of oil?
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UK petrol prices poised to rise as Israel-Iran conflict pushes up cost of oil
ByJulia Kollewe June 16, 2025

Oil price increase likely to add 5p to petrol and diesel over the next couple of months, expert saysBusiness live – latest updatesBritons are braced for higher prices at the pumps, after a rise in oil prices caused by the conflict between Israel and Ir…

Read More UK petrol prices poised to rise as Israel-Iran conflict pushes up cost of oil