The International Energy Agency (IEA) has warned of an unprecedented energy shock, with global oil production plunging by over 10 million barrels per day in March, as diplomatic efforts between Washington and Tehran fail.
Following tense exchanges between Economics Minister Reiche and Finance Minister Lars Klingbeil, the government held talks over the weekend. Will the coalition succeed in easing the burden on citizens, or will it collapse?
US crude oil prices surged nearly 8%, reaching US$104 per barrel, as concerns grow over a potential US blockade of the Strait of Hormuz. In March, Iran exported around 1.85 million barrels of crude per day through the strait. Meanwhile, Hungarians...
Asian stocks fall as blockade threat injects fresh turmoil into financial markets.
Al Jazeera
Crude oil prices rose again on Thursday as the ceasefire announced by US President Donald Trump and Iran shows signs of fragility. In this edition, we speak with Ilian Mihov, Professor of Economics at INSEAD, about whether the war and the resulting...
Investors around the world breathed a sigh of relief at the prospect of peace — and an easing of the global energy crisis.
Oil prices plunged below $100 a barrel after the US and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz.
Investors welcome the possible resumption of oil and gas flows through the Strait of Hormuz.
Al Jazeera
The market for new cars has slumped as Americans look for deals on used EVs.
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has agreed to increase its crude output quotas as the Middle East conflict continues to disrupt oil traffic passing through the Strait of Hormuz.
The war in Iran has sent oil and gas prices soaring, boosting profits for energy companies, but burdening consumers. The EU is looking for a way to respond.
DW News
Asian stocks also took a hit after Trump’s speech as most Southeast Asian countries rely heavily on oil imports.
Al Jazeera
President Donald Trump delivers his first prime-time speech since launching strikes with Israel over a month ago, offering an update on the Iran conflict. Amid rising oil prices, market volatility and fresh troop deployments, the address aims to...
Russia imposing ban on all gasoline exports due to Iran war The US-Israeli war on Iran has had a global impact on oil and energy leaving many countries to take measures to reduce the fallout. Russia is now imposing a total ban on all gasoline exports, as Al Jazeera’s Yulia…
Al Jazeera
