Energy industry – Page 2 – War Watch

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Iran war punctures Trump’s ‘drill, baby, drill’ promise on US gas prices, experts say
ByDharna Noor with graphics by Aliya Uteuova March 12, 2026

Fossil fuel supply is more vulnerable to global shocks than renewable power sources and efforts to boost efficienciesSign up for the Breaking News US email to get newsletter alerts in your inboxDonald Trump’s war on Iran has triggered shocks in fossil …

Read More Iran war punctures Trump’s ‘drill, baby, drill’ promise on US gas prices, experts say
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Will releasing millions of barrels of oil stockpiles really bring down fuel costs?
ByHeather Stewart March 11, 2026March 11, 2026

Despite rare act of multilateralism, there is no guarantee the IEA’s release of 400m barrels from reserves will depress pricesIEA orders largest ever release of stockpiled oil to reduce crude priceHow the Iran conflict could affect energy prices – vide…

Read More Will releasing millions of barrels of oil stockpiles really bring down fuel costs?
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IEA orders largest ever release of stockpiled oil to reduce crude price
ByJoanna Partridge March 11, 2026March 11, 2026

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran warBusiness live – latest updatesMiddle East crisis live – latest updatesThe International Energy Agency has ordered the largest release of government oil res…

Read More IEA orders largest ever release of stockpiled oil to reduce crude price
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Why Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers
ByDan Sabbagh Defence and security editor March 11, 2026

While some argue for destroying the terminal though which 90% of Iran’s oil exports flow, others caution of a global market ‘tailspin’Kharg Island – through which 90% of Iran’s oil exports flow – is arguably the country’s most sensitive economic target…

Read More Why Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers
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How are EU and member states reacting to energy crisis triggered by Iran war?
ByLisa O’Carroll March 10, 2026

Prospect of Trump easing US sanctions on Russian oil is a nightmare for the bloc as nations work out how to respond Middle East crisis – live updatesThe Iran war has thrown global oil and gas flows into chaos and the prospect of Donald Trump easing US …

Read More How are EU and member states reacting to energy crisis triggered by Iran war?
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Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon
ByJillian Ambrose March 10, 2026March 10, 2026

Saudi Arabian state oil firm calls crisis by far the biggest the region has seen but firm can reroute 70% of exports and tap crude held in storageHow the Iran conflict could affect energy prices – video explainerSaudi Arabia’s state oil company has war…

Read More Aramco warns of oil market ‘catastrophe’ unless strait of Hormuz reopens soon
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How the Iran conflict could affect prices around the world – video explainer
ByAcacia Redding, Maheen Sadiq and Jillian Ambrose March 10, 2026

Oil markets have had some of the steepest price rises ever recorded as conflict in the Middle East escalated over the last week. Although the world is slowly becoming greener, fossil fuels are still the lifeblood of every economy so when oil and gas pr…

Read More How the Iran conflict could affect prices around the world – video explainer
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Get ready for price shocks because of Iran? How are we supposed to do that? | Zoe Williams
ByZoe Williams March 10, 2026

From energy to food, all of life’s essentials are about to get even more expensive. But just knowing that won’t pay the billsAs soon as the attacks on Iran started, the warnings commenced: “Get ready for price shocks. Get ready for the oil price to spi…

Read More Get ready for price shocks because of Iran? How are we supposed to do that? | Zoe Williams
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Trump’s ‘free flow of energy’ vow fails to restart shipping in strait of Hormuz
ByDaniel Boffey Chief reporter March 10, 2026

Only two vessels not linked to Iran or Russia have braved ‘chicken run’ since US president’s promise on FridayMiddle East crisis – live updatesOnly two vessels not linked to Iran or Russia have made the “chicken run” through the strait of Hormuz since …

Read More Trump’s ‘free flow of energy’ vow fails to restart shipping in strait of Hormuz
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The Guardian view on the Iran crisis exposing Britain’s energy vulnerability: clean power offers protection | Editorial
ByEditorial March 9, 2026

The war reveals Britain’s exposure to volatile fossil fuel prices. More North Sea drilling will not shield households, building domestic green energy willWhat should Britain do when war in the Middle East sends energy prices soaring? If the strait of H…

Read More The Guardian view on the Iran crisis exposing Britain’s energy vulnerability: clean power offers protection | Editorial