Keywords: Energy crisis
The head of the International Energy Agency has declared that the global energy shock caused by the Iran war is the most severe on record, warning that no country will be spared its effects as oil prices surge and critical supply routes remain severed. IEA Executive Director Fatih Birol, speaking at......
The Egyptian government announced a new commercial curfew starting Saturday, requiring shops, restaurants, and shopping centers to close at 9 p.m. on weekdays, as part of emergency measures to curb soaring energy costs. The restrictions will initially last one month, according to Prime Minister Mostafa......
Asia-Pacific governments have launched urgent fiscal programs, fuel subsidies and liquidity injections to steady markets rocked by the Middle East war. The conflict pitting the United States and Israel against Iran disrupts energy supplies and undermines economic confidence across the region. A Reuters......
The French government is set to unveil targeted financial support measures on Friday evening to help industries most affected by rising fuel prices linked to tensions in the Middle East. Officials indicated that the aid will focus on specific sectors such as transportation, agriculture, and fishing,......
Cuban officials have reportedly turned to the Vatican for assistance in persuading the U.S. administration to relax its oil embargo, according to the Washington Post. Senior-level discussions involved Vatican representatives, including Pope Leo. Reuters could not independently confirm the report. Requests......
Japan is preparing to temporarily relax restrictions on coal-fired power plants as it seeks to manage the impact of the ongoing global energy crisis linked to tensions in the Middle East. Government officials confirmed that the plan involves adjusting existing environmental rules that were originally......
Fuel prices in Vietnam have dropped sharply following a government decision to temporarily suspend an environmental tax, in a move aimed at easing the impact of the ongoing global energy crisis. Authorities announced that the tax on gasoline, diesel, and aviation fuel would be reduced to zero for a......
The U.S. dollar traded near 99.6 on Thursday. Ongoing war between the United States and Iran drives investors to safe-haven assets. The dollar index rose early in the session amid uncertainty over the conflict and the Strait of Hormuz closure. Iranian forces declared the waterway shut on March 4, disrupting......
Tuk-tuk drivers in Mogadishu, Somalia, are struggling to keep their vehicles on the road as fuel prices skyrocket due to disruptions linked to the ongoing Iran conflict. Rising costs have forced many drivers to park their three-wheelers, while passengers have reduced trips or walked instead. The conflict......
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