New posts 16:27 Trump Gives Tehran 48 Hours To Make Deal, Open Strait Or Face 'Hell' US President Donald Trump on April 4 told the Iranian regime that time is running out and that it must make a deal or open the crucial Strait of Hormuz to shipping or face hell, renewing an earlier threat in which he vowed to send Iran back to the stone ages.
(260403) -- MOGADISHU, April 3, 2026 (Xinhua) -- A staff refuels a three-wheeler at a petrol station in Mogadishu, capital of Somalia, April 2, 2026. Since the United States and Israel launched airstrikes against Iran on Feb. 28, the conflict has pushed up international oil prices.
Real world oil prices are far higher than the figures seen on TV news reports When the first US and Israeli missiles hit Iran more than a month ago, an oil price of $150 per barrel was considered a doomsday prediction.
Real world oil prices are far higher than the figures seen on TV news reports When the first US and Israeli missiles hit Iran more than a month ago, an oil price of $150 per barrel was considered a doomsday prediction. But the price of physical Brent crude is already a hair's breadth from $150, while the futures price hasn't caught up yet.
The blocs ideology has left it unprepared for long-lasting shocks, Kirill Dmitriev has argued The EU has failed to offer any real solutions to the current energy crisis, Kremlin envoy Kirill Dmitriev has said, arguing that Brussels is too late to start preparing for a supply shock.
The Strait of Hormuz crisis is disrupting global energy flows and trade, driving up prices and exposing divisions among major powers, while raising the risk of a broader economic and geopolitical fallout. BEIJING, April 3 (Xinhua) -- A virtual meeting led by Britain on the Strait of Hormuz concluded on Thursday with over 30 countries participating, although the United States was notably absent.
The bloc's energy commissioner ruled out lifting restrictions on Russian energy while warning of possible future fuel rationing The EU will not reverse its ban on Russian liquefied natural gas (LNG) imports, even as Brussels prepares for a "long-lasting" energy shock that could force member states t
Japanese LNG tanker crosses Hormuz A Japanese liquefied natural gas tanker has passed through the Strait of Hormuz, its co-owner Mitsui O. S. K.
On Thursday, April 2, the European Union’s Foreign Policy Chief stated that the EU must expand its “Aspides” naval fleet, emphasizing th ...
The economic fallout of the war in Iran is pushing farmers to the brink as the price for fertilizer soars just before planting season. Supply chain disruptions through the Strait of Hormuz are adding new uncertainty to an already struggling farming sector.
UN delays Hormuz shipping vote as China signals opposition The United Nations Security Council has postponed a vote on a proposal to safeguard shipping in the Strait of Hormuz from Friday to Saturday, according to media reports. The 15-member council is expected to consider a draft resolution put forward by Bahrain aimed at protecting commercial vessels passing through the strategic waterway, which carries roughly a fifth of the world’s oil and gas supplies. Reports by Reuters and Associated Press say the draft includes language allowing countries “to use all defensive means necessary” to secure shipping.
Europe is heading towards one of the most severe economic crises in its history, the Hungarian PM has warned The EU is facing a looming energy crisis and the only way to survive is to lift sanctions on Russian oil and gas, Hungarian Prime Minister Viktor Orban said on X on Thursday.
BOLOGNA, Italy: The Iran war is rippling through the global beauty industry, pushing up costs for everything from packaging materials to transport and exposing the sector's reliance on fragile supply chains.
UK convenes 40 countries to discuss reopening Strait of Hormuz The UK is bringing together foreign ministers from 40 countries to explore options for reopening the Strait of Hormuz, which has effectively been blocked by Iran during the US-Israeli war on Iran. Prime Minister Keir Starmer said the virtual summit, chaired by Foreign Secretary Yvette Cooper, will assess diplomatic and political measures to restore shipping through the waterway. The US is not among the participants, following remarks by President Donald Trump that securing the route is not Washington’s responsibility.
Hundreds of sites have run dry across the country after price caps triggered a surge in demand amid Middle East war disruptions Fuel shortages have spread across France after drivers rushed to fill their tanks following the introduction of price caps, straining supplies at hundreds of stations, according to the Energy Ministry and media reports.
Effects of Iran’s blockade will depend on how long crisis lasts as disruption ripples through supply chains Middle East crisis – live updates The closure of the strait of Hormuz, the crucial oil and gas shipping route that has been blocked by Iran since the US-Israeli attacks began, is having ripple effects around the world, with most industries already grappling with rising energy costs. If the strait is not reopened, transport blockages across the Middle East could cause significant shocks to food and medicine supplies. No one knows how long the wider conflict will last, but governments are panicking about the implications.
Guwahati (Assam) [India], April 2 (ANI): Union Road Transport and Highways Minister Nitin Gadkari on Thursday assured that there is 'no shortage of gas or fuel' in the country amid the escalating West Asia conflict, as the government has adopted various policies to ensure that people do not face any problems.
TEHRAN (Tasnim) - Iran is facilitating safe maritime transit through the Strait of Hormuz for non-hostile vessels, while restricting those linked to aggressors in line with international law, Foreign Minister Abbas Araqchi said.
Yvette Cooper is chairing a virtual summit looking at ways to get energy exports moving through the shipping lane.
Exclusive: Greek ships secretly supplying Israel with oil and military cargo Submitted by Oscar Rickett on Thu, 04/02/2026 - 12:01 Shadow ships are turning off their signals and filing false destinations to supply Israel via Turkey A promotional picture from the website of Greek shipping company Thenamaris (Thenamaris) Off Greek shipping companies have been secretly transporting oil, coal and military cargo to Israel , Middle East Eye can reveal. According to a new report, produced by the No Harbour for Genocide campaign and seen exclusively by MEE, at least 57 covert crude oil shipments were delivered to Israeli ports between May 2024 and December 2025, while Israel was carrying out its genocide in Gaza . The approximately 47 million barrels of oil were taken to Israel via Turkey , with tracking signals disabled and false destinations listed, meaning the shipments were carried out in secret and in direct violation of Turkey’s trade embargo on Israel.
