Keywords: Iran energy crisis
Fatih Birol said the conflict involving Iran and a coalition led by the United States and Israel has created the most severe global energy crisis on record, surpassing both the oil shocks of the 1970s and disruptions linked to the war in Ukraine. Speaking publicly on Tuesday, he said the combined impact......
Claudio Descalzi, CEO of Italian energy giant Eni, called on the European Union Sunday to reconsider its plan to phase out Russian gas imports starting in early 2027. He warned the bloc lacks clear alternatives to replace the supplies it plans to cut. Speaking at a League party event, Descalzi questioned......
The conflict involving the United States, Israel and Iran has disrupted global energy markets, prompting governments to accelerate efforts to reduce reliance on fossil fuels. After Tehran effectively shut the Strait of Hormuz, around 20 percent of global oil and liquefied natural gas supply has been......
Global stock markets extended their decline on March 11 and 12 as surging oil prices and renewed geopolitical tensions linked to the conflict with Iran revived fears of persistent inflation, weakening expectations for interest rate cuts and pushing investors toward safe haven assets. On Wall Street,......
US stock futures fell sharply Thursday as oil prices climbed toward 100 dollars per barrel, intensifying concerns that the Iran conflict could trigger a prolonged energy shock, reignite inflation, and delay expected interest rate cuts by the Federal Reserve. Futures tied to the Dow Jones Industrial......
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