News
Strikes on Iran gas fields could force Turkey to ramp up LNG imports
Damage to Iran’s Asaluyeh gas processing facility in Bushehr province and part of the South Pars complex, after an Israeli missile strike on March 18, risks disrupting pipeline supplies to Turkey, potentially forcing Ankara to raise LNG imports.
Iran Bushehr nuclear plant missile strike risk raises fears of Gulf-wide water crisis
The International Atomic Energy Agency (IAEA) officially confirmed that the Bushehr nuclear power plant (NPP) was included as a possible Israeli target, according to authorities in Tehran, threatening an environmental and humanitarian catastrophe.
Iran's Supreme Leader issues first public statement since appointment
Iran's Supreme Leader Mojtaba Khamenei issues his first publicly attributed statement since taking office.
US eases Venezuela oil sanctions as Iran war drives crude prices higher
The Trump administration has issued a sweeping new sanctions licence allowing US companies to trade directly with Venezuela's state oil company, as surging crude prices driven by the conflict with Iran push Washington to hunt for new sources of crude
Turkish plastics industry hit by Middle East conflict as supply chains break down
Logistics and polymer input prices soar.
Iran's parliament speaker says women's football team will return home 'with pride'
Iran's parliament speaker says the women's football team will return home "with pride" as the squad routes back via Oman after five of seven players reversed their asylum decisions in Australia.
Zelenskiy hawking Ukraine’s drone tech to help in Iran
Ukrainian President Volodymyr Zelenskiy is hawking Ukraine’s advanced drone technology to the US in an attempt to get back on the right side of US President Donald Trump.
Pakistan warns of post-April LNG gap as supplies start to dry up
Pakistan’s Senate Standing Committee on Petroleum has been warned that the country could face difficulties meeting gas demand in the power sector after April 14, as imported LNG supplies are set to lapse.
Iran debuts a new state-of-the-art hypersonic missile
Iran has introduced a new state-of-the-art missile that can out manoeuvre Western defences and is superior to anything the US has.
Sri Lanka exposed to energy shock with price of oil threatening recovery
Sri Lanka’s fragile external position leaves it highly exposed to a sharp rise in energy prices, with the government’s decision to declare Wednesdays a public holiday for state-sector workers highlighting the immediate economic impact.
Trump floats Nato exit, says he does not need Congress approval
US President Donald Trump said he is considering withdrawing the United States from Nato, signalling a potential rupture in the transatlantic alliance and raising fresh uncertainty over Washington’s security commitments to Europe.
Iran holds mass funeral for Larijani, Basij commander and Dena crew in central Tehran
Tehran holds a mass funeral for security chief Ali Larijani, Basij commander Soleimani and 84 crew of destroyer Dena in one of the largest public gatherings since the war began on February 28.
Trump says US does not need NATO with Iran
Trump says the US does not need NATO or allied help with the Iran war after most allies declined to join the military operation, reversing his call just a day earlier for nations to send warships.
"No oil, no money," Orban tells Ukraine
“No oil. No money.” Hungarian Prime Minister Viktor Orban continues to take a hard line on dropping his veto on the disbursement of the €90bn EU loan agreed in December, as Brussels comes up with a face saving solution to end the impasse.
India denies media reports of Iran tanker swap deal
New Delhi is navigating a delicate balance between its energy dependence on Gulf suppliers.
Crisp crisis! Japan’s favourite snacks hit by 2026 oil shock
Japan’s snack lovers are facing a crunch - and not the good kind. Crisp maker Yamayoshi Seika has announced it is being forced to halt production of some of its best-selling potato chips as it cannot find enough of the fuel needed to cook them.
Turkey emerges as revived route for Iraqi oil amid Hormuz crisis
Baghdad accelerates revamp of long-idle pipeline puy out of action more than a decade ago by bomb attacks.