Nigerian Refinery Accused of Sacking Union Members Key to UK Fuel Plan
A Nigerian refinery accused of sacking workers for joining a union has emerged as key to the UK government’s plan to address a jet fuel shortage, according to The Guardian.
Energy & Commodities
Oil Price Soars Above $118 After Reports of Extended Iran Blockade
Oil prices have surged following reports that the US is preparing for an 'extended' blockade of Iran, according to BBC.
Oil Prices Rise After Trump Says Iranian Ship Seized
Oil prices surged above $100 per barrel as U.S. President Donald Trump announced a naval blockade in the Strait of Hormuz, citing concerns over Iranian activities, according to multiple reports.
Oil Prices Ease on Hopes of US-Iran Peace Talks
Oil prices eased on Tuesday as hopes of new US-Iran peace talks reduced concerns over energy supply disruptions, according to the BBC.
Oil Prices Surge Past $103 Amid U.S. and Iran Tensions
Oil prices surged past $103 a barrel as the U.S. announced a blockade of the Strait of Hormuz, intensifying regional tensions and prompting responses from multiple countries.
Fuel Tankers Regain Access to Irish Oil Refinery as Protests Continue
Fuel tankers have regained access to an oil refinery in the Republic of Ireland after a days-long blockade, according to the BBC. The move followed a police operation that pushed back protesters at the Whitegate Refinery in County Cork.
US Average Fuel Price Passes $4 as Iran War Drives Up Costs
The average fuel price in the US has passed $4 a gallon for the first time in four years, according to AAA data, as tensions from Donald Trump’s war on Iran continue to drive up oil prices.
Brent Crude Hits $116 as Trump Threatens Iran’s Oil Infrastructure
Brent crude oil prices surged to $116 a barrel as U.S. President Donald Trump warned Iran that he would 'blow up' its oil wells and export hub if the Hormuz Strait remains closed, according to reports from The Guardian and Arab News.
Philippine transport strikers demand Marcos Jr action on oil prices
Philippine transport workers are demanding President Ferdinand Marcos Jr take immediate action to control fuel prices, as rising costs have slashed their earnings and triggered widespread protests.
Oil Rises as Supply Disruption Persists, Iran Denies US Talks
Oil prices rose again as supply disruptions continued in the Middle East, with Iran denying reports of any imminent talks with the United States, according to Reuters.
Oil Price Rise to $150 Could Trigger Global Recession, Warns BlackRock
A rise in oil prices to $150 a barrel could trigger a global recession, according to Larry Fink, CEO of BlackRock, the world's largest asset manager, in an exclusive interview with the BBC.
Oil price falls as Trump talks up Iran peace negotiations
Oil prices fell sharply in Asia after US President Donald Trump said negotiations to end the conflict with Iran are progressing, according to the BBC.
Asia’s Daily Life Disrupted by Iran War Fuel Crisis
Asia's daily life is being disrupted as the Iran war fuel crisis tightens its grip, according to the BBC, with oil prices surging and economies adjusting to a severe shortage.
Brent crude crosses $100 a barrel as Middle East tensions drive oil prices higher
Brent crude oil rose above $100 a barrel for the first time in months, according to CNBC, as renewed tensions in the Middle East keep traders on edge and fuel demand for energy security.
Trump delays Iran strikes after talks, oil prices drop
President Donald Trump has delayed U.S. military strikes on Iranian power plants following 'very good' talks with Tehran, according to CNN and The New York Times. The move comes as the International Energy Agency warns of an energy crisis worse than the 1970s oil shocks.