Keywords: Crisis
Italian Prime Minister Giorgia Meloni is set to visit Algeria this week as Italy moves to secure alternative gas supplies following disruptions in deliveries from Qatar. The supply issues are linked to escalating tensions in the Middle East, which have affected energy infrastructure and export capacity. Algeria......
Japan’s Nikkei 225 index fell sharply by nearly 5 percent on Monday, losing more than 2,600 points as escalating conflict in the Middle East triggered a broad selloff across Asian markets and intensified concerns over a prolonged energy-driven inflation shock. South Korea’s Kospi dropped......
Goldman Sachs has sharply increased its oil price outlook for 2026, citing what it describes as the largest supply shock in history driven by the near-total disruption of flows through the Strait of Hormuz. The bank now expects Brent crude to average $85 per barrel this year, up from a previous forecast......
The world is facing an energy crisis more severe than the combined oil shocks of the 1970s, the International Energy Agency warned, as tensions between the United States and Iran escalate over control of the Strait of Hormuz. The warning comes as US President Donald Trump issued a 48-hour ultimatum......
A supply shock triggered by the conflict involving Iran is disrupting the global smartphone market, as a sharp reduction in helium supply threatens semiconductor production while a parallel shortage of memory chips continues to drive device prices higher and weaken shipment forecasts. The crisis intensified......
Cuba has publicly stated that its armed forces are ready and preparing for the possibility of an invasion by Donald Trump’s government, even as Havana says it does not want to worsen relations with United States. Carlos Fernandez de Cossio, the country’s deputy foreign minister, made the......
Slovenia has introduced temporary restrictions on fuel purchases as shortages at petrol stations triggered long queues and public concern over supply security. The measures come amid increased demand and logistical challenges affecting distribution across the country. The government, led by Prime Minister......
Authorities in Cuba have launched recovery efforts after the country’s national electricity grid collapsed for the second time in less than a week, leaving millions without power and highlighting the fragility of the island’s energy infrastructure. The latest outage occurred after a major......
Cuba has been struck by a second nationwide power outage in less than a week, highlighting the severity of the island’s ongoing energy crisis. Authorities confirmed that the national electricity grid collapsed again on Saturday evening, leaving millions without power. This latest blackout follows......
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