In the weekend that the US-Israeli drones began to rain on Tehran, energy traders across the world’s major financial institutions began to update their strategies. When they returned to their trading desks on Monday morning in May, they found oil and gas prices soaring amid a market nightmare come true: the unexpected closure of a … Read more
President Donald Trump has repeatedly sought to dampen rising oil prices by telling investors what they’ve been dying to hear: The war with Iran is over. But after hearing that message for weeks, the war continues and with no plans to reopen the Strait of Hormuz, they continue to repair her. Almost two weeks after … Read more
Falling fuel prices and rising prices are leading countries around the world to burn coal, fuel food, shorten work weeks and tell citizens to stay home. Fuel supplies have been reduced since the war against Iran led to the closure of the strait of Hormuz, which is an important route for transporting oil and gas … Read more
YesA power shake-up doesn’t just raise our electricity bills – it can revolutionize how our economy works. The UK responded to the energy crisis of the 1970s by modernizing its energy system and doubling down on its North Sea oil extraction. Investment poured in and the UK became an energy importer. When energy security is … Read more
Food price rises could hit 9% in the UK this year, even if the strait of Hormuz opens in the next few weeks, figures suggest, as the Iran war raises energy prices. The Food and Drink Association, which represents 12,000 food and drink manufacturers, has predicted that prices will rise by “at least” 9% by … Read more
The EU prepares measures to respond to rising energy prices Considering renewing the crisis responsefrom 2022, which included the price of gas EU tells members to prepare for ‘long-term disruption’ in energy markets Jet fuel, diesel provides a large shock in a short period of time BRUSSELS, March 31 (Reuters) – The European Union is … Read more