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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
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, 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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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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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
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?