Oil – War Watch

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$170,000 a minute: why Saudi Arabia is the biggest blocker of climate action
ByDamian Carrington Environment editor November 15, 2025

Desert kingdom depends on oil dollars but its people already face a climate ‘at the verge of livability’. What’s going on? Continue reading…

Read More $170,000 a minute: why Saudi Arabia is the biggest blocker of climate action
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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
Access to water | Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Drought | Energy | Environment | Fossil fuels | Gaza | Iran | Iran's nuclear programme | Iraq | Israel | Israel–Iran War | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Water | Wetlands | World news

Iraq’s marshes were considered an Eden. Now the oil industry is sucking them dry
ByAzhar Al-Rubaie, Sara Manisera and Daniela Sala in Hawizeh Marshes August 13, 2025

Hawizeh’s wetlands once had abundant fishing and wildlife. In a land threatened by drought and desertification, oil drilling is draining the last of the waterAt dawn, a veil of mist clings to the canals of Hawizeh, where sky and water seem to blur into…

Read More Iraq’s marshes were considered an Eden. Now the oil industry is sucking them dry
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Oil prices pare back losses amid doubts over Israel-Iran ceasefire
ByCallum Jones in New York June 23, 2025June 24, 2025

Stock markets including FTSE 100 edge higher as traders hope conflict will not disrupt oil suppliesBusiness live – latest updatesOil prices have pared back losses after a sharp fall triggered by Donald Trump’s declaration of a ceasefire between Israel…

Read More Oil prices pare back losses amid doubts over Israel-Iran ceasefire
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Reeves calls for Middle East de-escalation amid oil price fears
ByHeather Stewart Economics editor June 23, 2025

Government announces plan to cut firms’ electricity bills as part of launch of its industrial strategyBusiness live – latest updatesRachel Reeves has called for de-escalation of the conflict in the Middle East, warning that rising global oil prices cou…

Read More Reeves calls for Middle East de-escalation amid oil price fears
Ayatollah Ali Khamenei | Benjamin Netanyahu | Business | Donald Trump | Economic policy | Energy industry | Gaza | Industrial policy | Iran | Iran's nuclear programme | Israel | Israel–Iran War | Jonathan Reynolds | Middle East and north Africa | Nuclear weapons | Oil | Palestinian territories | Petrol prices | Politics | Rachel Reeves | UK news | World news

Reeves calls for Middle East de-escalation amid oil price fears
ByHeather Stewart Economics editor June 23, 2025June 23, 2025

Government announces plan to cut firms’ electricity bills as part of launch of its industrial strategyUK industrial strategy: the key pointsBusiness live – latest updatesRachel Reeves has called for de-escalation of the conflict in the Middle East, war…

Read More Reeves calls for Middle East de-escalation amid oil price fears
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US strikes on Iran could damage global growth, says IMF chief
ByLauren Almeida June 23, 2025June 23, 2025

Oil prices could rise if Iran goes ahead with threat to shut down shipping in the strait of HormuzBusiness live – latest updatesUS strikes on Iran could damage global economic growth, the head of the International Monetary Fund has warned.Director Kris…

Read More US strikes on Iran could damage global growth, says IMF chief
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The strait of Hormuz: how could Iran close it and why does it matter to global trade?
ByGuardian staff and agencies June 23, 2025June 23, 2025

Iran’s parliament approved a measure to close the vital global trade route, through which more than a fifth of the world’s oil supply passes through dailyTrump floats regime change in Iran – follow it livePresident Donald Trump’s unprecedented decision…

Read More The strait of Hormuz: how could Iran close it and why does it matter to global trade?
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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