Energy industry – War Watch

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Could the UAE’s shock exit from Opec cause an oil price war?
ByJillian Ambrose April 30, 2026

A standoff between Gulf oil giants Saudi Arabia and the UAE could cause greater market volatility for years to comeThe conflict in the Middle East has claimed Opec as the latest casualty of war. The United Arab Emirates’ shock exit from the oil cartel …

Read More Could the UAE’s shock exit from Opec cause an oil price war?
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Middle East crisis could cost world $1tn while oil firms make ‘obscene’ profit, analysis finds
ByJonathan Watts and Fiona Harvey in Santa Marta, Colombia April 28, 2026

Climate group calls for urgent windfall tax on excess fossil fuel profits, as delegates tell Colombia conference their nations are sufferingThe Middle East oil and gas crunch will impose as much as a trillion dollars of additional costs on the global e…

Read More Middle East crisis could cost world $1tn while oil firms make ‘obscene’ profit, analysis finds
Ayatollah Ali Khamenei | Benjamin Netanyahu | Donald Trump | Energy industry | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil and gas companies | Palestinian territories | Petrol prices | Strait of Hormuz | US news | US-Israel war on Iran | World news

Trump claims US has total control over strait of Hormuz after Iran seizes two container ships
ByJulian Borger, senior international correspondent April 23, 2026April 24, 2026

US president says Tehran hobbled by infighting as Pentagon reportedly briefs mine clearance may take six monthsMiddle East crisis – live updatesDonald Trump has again said that the US has “total control over the strait of Hormuz”, adding that Iran’s le…

Read More Trump claims US has total control over strait of Hormuz after Iran seizes two container ships
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Commodities | Donald Trump | Energy industry | Gas | Gaza | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Strait of Hormuz | US-Israel war on Iran | World news

Iran war energy crisis: how bad could it get? – The Latest
By April 20, 2026

Oil and gas prices have jumped again as shipping through the strait of Hormuz came to a virtual standstill after Iran closed the waterway over the US blockade and Donald Trump announced an Iranian cargo ship had been seized trying to get past. Tehran h…

Read More Iran war energy crisis: how bad could it get? – The Latest
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Economics | Energy industry | Gaza | Global economy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Shipping industry | Strait of Hormuz | US-Israel war on Iran | World news

Will shipping in the strait of Hormuz – and oil prices – return to normal?
ByJoanna Partridge and Jillian Ambrose April 8, 2026April 8, 2026

Analysts say doubts over stability of the ceasefire and damage to production sites mean the energy crisis is far from overMiddle East crisis – live updatesIf the US-Israeli ceasefire with Iran holds, it could offer the clearest hope of an end to the en…

Read More Will shipping in the strait of Hormuz – and oil prices – return to normal?
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Iran strikes Kuwait’s oil infrastructure before Opec+ supply talks
ByKalyeena Makortoff and agencies April 5, 2026April 5, 2026

Members reportedly agree a rise of 206,000 barrels a day in May, but move symbolic while strait of Hormuz is effectively closedMiddle East crisis – live updatesIranian drones have struck Kuwait’s oil infrastructure, causing “severe material damage” tha…

Read More Iran strikes Kuwait’s oil infrastructure before Opec+ supply talks
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How could strait of Hormuz closure affect UK food and medicine supplies?
ByHelena Horton and Rachel Hall April 2, 2026

Effects of Iran’s blockade will depend on how long crisis lasts as disruption ripples through supply chainsMiddle East crisis – live updatesThe closure of the strait of Hormuz, the crucial oil and gas shipping route that has been blocked by Iran since …

Read More How could strait of Hormuz closure affect UK food and medicine supplies?
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A third inflationary shock in less than a decade is coming: who will pay the price this time around? | Aditya Chakrabortty
ByAditya Chakrabortty April 1, 2026

Brutal past experience has taught us that a cost of living crisis doesn’t affect us all the same, because we don’t all go into it with the same income or wealthPerhaps the most celebrated writer on oil markets is Daniel Yergin. His work has won a Pulit…

Read More A third inflationary shock in less than a decade is coming: who will pay the price this time around? | Aditya Chakrabortty
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Iran war threatens to delay large offshore wind projects in EU and UK
ByJillian Ambrose Energy correspondent March 25, 2026March 25, 2026

Industry fears strait of Hormuz closure could disrupt shipping of crucial parts for UK and German North Sea projects• Business live – latest updatesA string of large offshore wind projects in Europe are facing potential delays as the Iran war threatens…

Read More Iran war threatens to delay large offshore wind projects in EU and UK
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Economics | Energy industry | Gaza | Global economy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | US economy | US news | US politics | US-Israel war on Iran | World news

Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos
ByEduardo Porter March 25, 2026

The US is recklessly spreading economic havoc among global friends and foes while suffering little harm itselfTo shield ordinary Indians from the war in Iran, the government in Delhi redirected supplies of liquefied gas to Indian families, for which it…

Read More Trump’s war in Iran exposes US’s shift from a global guardian to an arbiter of chaos