Articles about Energy

Jonathan Jackson of Illinois calls Cuba ‘most sanctioned part of Earth’ amid US oil blockade causing vast disruptionsSign up for the Breaking News US email to get newsletter alerts in your inboxTwo Democratic US lawmakers on Monday called for a permanent solution to crises confronting Cuba after they visited the island to witness the effects of an American energy blockade. US House members Pramila Jayapal of Washington and Jonathan Jackson of Illinois met with Cuban president Miguel Díaz-Canel and foreign minister Bruno Rodríguez as well as members of Cuba’s parliament during a five-day trip ending on Sunday.“I denounced the criminal damage caused by the blockade, particularly the consequences of the energy siege decreed by the current US government and its threats of even more aggressive actions,” Díaz-Canel wrote on X. Continue reading...

Anutin Charnvirakul warns country is vulnerable over reliance on oil imports as countries across Asia introduce conservation measuresThailand’s prime minister, Anutin Charnvirakul, has called on the public to conserve energy, urging work-from-home measures and carpooling, as he warned of the impact of the conflict in the Middle East.In a statement posted on social media, Anutin said Thailand was exposed to the crisis because of its reliance on imported oil and gas, and the country could not be complacent. Continue reading...

Companies using heating oil have already begun rationing their fuel use, says Federation of Small BusinessesMiddle East crisis – live updatesThousands of independent businesses across the UK are braced for their energy bills to more than double owing to the sharp rise in heating oil costs as the war in Iran pushed Europe’s fuel market prices to fresh record highs.About 7% of all small and medium-sized companies warm their properties and provide hot water using heating oil, which in some cases has more than doubled in recent weeks. Continue reading...

• Recent geopolitical tensions are fundamentally altering maritime shipping routes for energy commodities worldwide. • Energy shipping companies are implementing agile strategies to navigate heightened tensions and supply chain disruptions. • The shift in maritime logistics has broader implications for global energy prices and international trade networks.

• Cuba announced the release of 2,010 prisoners on April 4 following intense US pressure linked to the island's worsening energy crisis. • Gesture aims to ease bilateral tensions as Trump administration leverages geopolitical leverage. • Amid blackouts and shortages, release signals Havana's bid for concessions or sanctions relief.

• Major US indexes showed mixed performance with DJIA ETF down 0.09% at 465.06, S&P ETF up 0.09% at 655.83, and QQQ up 0.11% at 584.98. • Energy sector outperformed daily with +0.59% gain and +29.41% YTD, while Financial Services lagged at +0.29% daily but -10.46% YTD; Telecom led daily at +2.57%. • Commodities volatile: Oil surged 11.93% to $112.06, Gold dropped 2.29% to $4,702.70, Bitcoin fell 0.31% to $66,724.

Biggest rises were in vegetable oil and sugar prices, which increased by 5% and 7% respectivelyVisual guide to the Gulf fertiliser blockadeFood prices rose sharply in March as war in the Middle East drove up energy prices and freight costs around the world, a UN report says.An index of food commodity prices by the UN’s food and agriculture organisation increased by 2.4% in March, its second consecutive monthly rise. Continue reading...

Former government adviser Polly Billington urges bigger steps to shield people in UK from effects of Iran warMiddle East crisis – live updatesKeir Starmer should convene a global energy summit of the same order as Gordon Brown’s response to the 2008 financial crisis and put Britain on a “war footing” to reduce its exposure to fossil fuels, a Labour MP and former government adviser has said.Polly Billington, who was an aide in Brown’s government, warned that economic pain was “hurtling down the tracks” and a bigger response was needed to protect the British people from the consequences of the US-Israeli war on Iran. Continue reading...

• Brazil and Paraguay finalized a bilateral agreement on Thursday to jointly develop and operate expanded hydroelectric capacity along the Paraná River, addressing critical energy shortages affecting both nations and the broader South American grid. • The $8.7 billion infrastructure project aims to increase regional electricity output by 28% within five years and includes provisions for technology transfer and workforce development across both countries. • The agreement emerged from emergency regional meetings convened by the Union of South American Nations (UNASUR) following cascading power grid failures that left 85 million people without electricity across South America in early March.

• Energy stocks like Exxon Mobil, Occidental Petroleum, and Valero Energy topped S&P 500 performers for the month and quarter due to oil prices exceeding $100 per barrel. • Exxon Mobil recorded its largest quarterly gain, benefiting from sustained high crude demand. • Sector strength highlights vulnerability of broader market to geopolitical risks and inflation.

The argument for transitioning to renewables seems stronger than ever – and yet, attacks mount on the carbon price scheme that underpins the EU’s success at cutting pollution• Don’t get This Is Europe delivered to your inbox? Sign up hereOn the one hand, experts say, Europe is better prepared for this energy crisis than the last. On the other, it is still waging a culture war against the most obvious path out.Fuel prices have soared to ruinous levels since the Iran war left ships of oil and liquefied natural gas (LNG) stranded in the Gulf. The pain is most acute in Asia, but high energy prices are already causing panic in Europe. Shortages could hit the continent this month, oil company Shell warned last week. Donald Trump’s “go get your own oil” comments on Tuesday sent prices to their highest level since the start of the US-Israel attack on Iran. They briefly dipped below $100-a-barrel on Wednesday amid hopes that the war may soon end. Continue reading...

Even if cargo route of strait of Hormuz reopens soon, Food and Drink Federation almost triples earlier forecastBusiness live – latest updatesFood inflation could hit 9% in the UK this year, even if the strait of Hormuz opens within the next few weeks, figures suggest, as the war in Iran pushes up energy prices.The Food and Drink Federation (FDF), which represents 12,000 food and drink manufacturers, has predicted that prices will rise by “at least” 9% the end of 2026, almost tripling a forecast made before the conflict of 3.2%. Continue reading...

• On March 26, 2026, Education Secretary McMahon announced the Department of Education will vacate its longtime headquarters at the Lyndon B. Johnson building in August 2026, relocating to 500 D St SW. • The Department of Energy will move into the Lyndon B. Johnson Building, with the administration projecting annual savings of $4.8 million in operating costs on a building that is 70% vacant. • The relocation reflects broader changes to the Department of Education under the Trump administration and represents a significant restructuring of federal agency real estate use.

Chancellor says the government is looking at ways they can support people based on household income Good morning. Keir Starmer is giving a press conference this morning where, according to No 10, he will discuss the Iran war, and how the government is supporting people at home. Now we are in April, the new financial year is starting, and the government is highlighting measures it has introduced that will help people with the cost of living. The Conservatives have an alternative list, and they are claiming this morning that “Keir Starmer and his chancellor have piled on extra costs leaving families almost £1,000 worse off this year”.The chancellor, Rachel Reeves, has been doing her own media too. She is on the Jeremy Vine show later, but she has already given an interview to BBC Breakfast in which she gave a marginally clearer idea of what she is planning to do to help people with energy bills than she did when she made a statement to MPs last week.From July to September, gas usage, especially by families and pensioners, is the lowest of any months of the year because it is the summer months …It will be really from the autumn onwards that people’s gas usage starts increasing. So at the moment we are working on a range of contingencies. And we are looking at more targeted measures. We are looking at ways we can support people based on their household income.I want to learn the lessons of the past because when Russia invaded Ukraine, the richest, the best-off third of households got more than a third of the support. That makes no sense at all. Continue reading...

Government keen to avoid panic as oil price surges, but perhaps households need advice on reducing consumptionLabour ministers sent out in recent days to respond to the looming energy crisis sparked by the Iran war have essentially stuck to that reassuring wartime slogan: keep calm and carry on.“I think people should go about their lives as normal, knowing that the government is taking action to bring energy bills down,” James Murray, the chief secretary to the Treasury, told BBC Radio 4’s Today programme on Tuesday. Continue reading...

South Korea will delay the shutdown of coal-fired plants, while the Philippines also plans to boost the output of its coal-burning plantsGovernments across Asia are ramping up their use of coal, the dirtiest fossil fuel, as they try to cover huge energy shortfalls triggered by the US-Israel war on Iran.The move has triggered warnings from climate experts who point to coal’s devastating environmental impact, and say the energy crisis should be a wake up call for governments to invest in renewables, which can offer a more stable supply that is not exposed to price shocks. Continue reading...

Consumers brace for ‘awful April’ and Iran war cost hikes, which have pushed UK’s gas market past three-year highs Households in Great Britain could see their energy bills increase by about £290 a year to almost £2,000 from this summer in a “tough pill to swallow” for consumers already braced for a volley of “awful April” cost hikes from Wednesday.A typical gas and electricity bill is now forecast to reach £1,929 a year from July under the industry regulator Ofgem’s quarterly price cap, according to analysis by the energy consultancy Cornwall Insight. Continue reading...

Critics say president is locking into 20th century energy systems even as his ‘bet’ on oil and gas ‘isn’t going so well’By attacking Iran and threatening to seize its oil while taking extraordinary measures to block clean energy back in the US, Donald Trump has inadvertently highlighted the dangerous volatility of the fossil fuel era, critics say.The US and Israel’s bombardment of Iran and southern Lebanon has caused a humanitarian and environmental toll, with threats of further escalation set to add to these casualties as well as add more planet-heating emissions and destroy drinking water supplies. Continue reading...

• President Donald Trump warned Monday via Truth Social that if Iran does not open the Strait of Hormuz and a deal is not reached "shortly," the US will "blow up and completely obliterate" Iran's electric generating plants, oil wells, and Kharg Island. • US Secretary of State Marco Rubio said Washington is close to achieving its objectives in Iran "in a matter of weeks" and that Trump has "a number of options available" to prevent Iran from controlling the strategic waterway. • The threat comes as 3,500 US Marines and sailors aboard the USS Tripoli arrive in the Middle East, joining over 50,000 American troops already in the region, with hundreds of Navy SEALs also deployed.

Government told to focus on transition to mix of wind, solar, tidal and nuclear energyMore drilling in the North Sea would do nothing to improve the UK’s energy security, former military leaders have said, as a new analysis finds no fossil fuel importer is safe from chokepoints in the global supply chain.The government should focus on a rapid transition to a mix of wind, solar, tidal and nuclear energy to ensure the UK’s future security, the former military leaders told the Guardian, as well as a programme of energy efficiency and a “major renewal” of the electricity grid. Continue reading...

President says he is open to scaling back strikes on oil and wider energy industry if Moscow reciprocates. What we know on day 1,496 Continue reading...

Oil prices on course for record monthly rise amid risk of further escalation and mixed messaging from USDonald Trump has threatened to “obliterate” Iran’s power stations and fresh water plants if Tehran does not agree to peace terms “shortly”, even as he claimed diplomatic progress in ending the war that was instigated by the US and Israel.Tehran has remained defiant during the month-long conflict, describing US peace proposals as “excessive, unrealistic and irrational” and firing waves of missiles at Israel. Continue reading...

As the war in Iran continues, ministers debate several options for extending support to households Middle East crisis – live updatesFamilies hardest hit by the looming energy crisis caused by the conflict in the Middle East could be given funds dispensed by local councils, under plans being considered by UK ministers keen to keep a lid on costs.As concerns increase about the impact of rising fuel and energy costs in response to a drawn-out war in Iran, a government official said several options for extending support were being debated inside Whitehall. Continue reading...

• President Trump announced he is delaying threatened strikes on Iran's energy infrastructure, citing productive talks on ending the war and extending the deadline for Iran to reopen the Strait of Hormuz. • Iranian leaders continue to deny any direct talks are taking place with U.S. officials, maintaining their public position on the dispute. • The delay signals potential diplomatic progress while tensions remain high over regional shipping routes critical to global oil supplies.

• President Trump announced a 10-day pause in strikes on Iran's energy infrastructure through April 6, 2026, at 8:00 p.m. Eastern time, citing ongoing negotiations mediated by Pakistan under a 15-point framework. • Trump disclosed that Iran sent ten oil tankers as a goodwill gesture, and Secretary of State Marco Rubio characterized Iran's clerical leadership as "religious fanatics" posing a global nuclear threat. • Israel confirmed the killing of Iran's navy head responsible for Strait of Hormuz disruptions, while Iran launched emergency recruitment and lowered its draft age to 12, according to CBN News reporting.

• President Trump extended the strike deadline on Iran's energy sector while warning that failure to accept current negotiation terms would result in "far greater military consequences," according to White House statements. • The White House confirmed ongoing negotiations with Iranian leadership despite military operations continuing at historic levels, with Iranian leadership described by Trump as "desperate to negotiate."

US president says he is extending deadline for strait of Hormuz to reopen to 6 April; Houthis tell Lloyd’s List ‘no reason’ to prevent Saudi oil using Red Sea routeFull report: Trump extends deadline Analysis: Trump pitches peace plan but military buildups rarely veer to off-rampHello and welcome to our continuing live coverage of the US-Israel war on Iran and the consequences for the region, the world, and the global economy.Here are the latest developments:Donald Trump said he will extend – once again – his pause on his threat to attack Iran’s energy infrastructure for 10 days until 6 April, claiming that the request came from Tehran and that talks were going “very well”. The US president threatened last Saturday to would strike Iranian energy infrastructure if Tehran did not reopen the strait of Hormuz. Then, on Monday he postponed his threat for five days (until Friday), citing “very good and productive conversations” with Iran on ending the war (which Tehran dismissed as “fake news” designed to “manipulate” the oil markets). Now, he’s pushing that deadline back, again.The price of Brent crude also dropped following Trump’s latest announcement. Oil prices rose to their highest level this week, with Brent crude trading at roughly $108 a barrel after Trump’s cabinet meeting earlier on Thursday.Yemen’s Houthis have said there is no need to worry amid fears that if Donald Trump follows through on threats to seize Iran’s Kharg Island, Tehran may ask them to attack shipping in the Red Sea.A day after Tehran dismissed Trump’s 15-point ceasefire plan, the US president claimed that Iran was “begging to make a deal,” and that he wasn’t the one pushing for negotiations. Earlier, he told Tehran to “get serious soon” on negotiating a deal to end the war.Trump rejected reports that he was looking for an exit ramp, as oil prices soar and political pressure mounts to avoid the kind of drawn-out Middle East war he once spurned. “I read a story today that I’m desperate to make a deal,” Trump told reporters. “I’m the opposite of desperate. I don’t care.”A US proposal for ending nearly four weeks of fighting is “one-sided and unfair”, a senior Iranian official told Reuters on Thursday.However, Trump said Iran is allowing some oil tankers through strait of Hormuz as a sign of good faith for talks. He said that Iran allowed 10 oil tankers to pass through the strategic strait as a “present” to show it was serious about negotiations to end the war.The Pentagon is looking at sending up to 10,000 additional ground troops to the Middle East to give Trump more military options even as he weighs peace talks with Tehran, the Wall Street Journal is reporting, quoting defence department officials with knowledge of the planning.The Israel Defence Forces’ chief of staff has warned that the military will “collapse in on itself” as it faces increasing demands and a growing manpower shortage while fighting on multiple fronts, according to Israeli media reports.A Thai-flagged cargo ship that was hit by unknown projectiles in the strait of Hormuz earlier this month has run aground off Iran’s Qeshm Island, Iran’s Tasnim news agency said on Friday. Continue reading...

Rationing is not under consideration yet as hundreds of retailers report being without one or more types of fuelGet our breaking news email, free app or daily news podcastPetrol stations are reporting a surge in demand of up to 25% in the last fortnight alone on top of already major spikes earlier in the Iran war as Anthony Albanese comes under pressure to devise a national plan to cushion Australia against the “biggest energy crisis in history”.The Australasian Convenience and Petroleum Marketers Association has revealed the scale of the demand on retailers, which has left hundreds of stations across the country without one or more types of fuel. Continue reading...

• The House Energy and Commerce Health Subcommittee held a hearing on March 18, 2026, focusing on healthcare providers amid ongoing policy debates. • Reported on March 25, the session examined provider challenges, potentially influencing upcoming health legislation in the US Congress. • This follows recent hearings on Medicare fraud, highlighting congressional scrutiny of healthcare delivery and costs.

February annual rate in line with analysts’ expectations but outlook has shifted because of effects of conflictThe UK inflation rate was unchanged at 3% in February, before Donald Trump’s Iran war drove up global energy costs, threatening a renewed price jump.Official figures showed the consumer prices index (CPI) remained at 3%, in line with economists’ expectations but still well above the government’s 2% target. Continue reading...