The disruption to global energy markets caused by the conflict in the Middle East has triggered an unexpected resurgence in coal demand, as energy security fears outweigh Climate Crisis commitments.
Iran has condemned a joint US-GCC statement as interventionist, after Gulf ministers and Marco Rubio hardened their position on Iran's missiles, drones and the Strait of Hormuz at a meeting in Manama.
Bahrain has hosted a GCC meeting with US Secretary of State Marco Rubio in Manama, where Washington sought to reassure Gulf allies over the Iran deal, with Gulf states pressing for clarity on the Strait of Hormuz, nuclear and missile issues.
Qatar will resume normal LNG production within a few weeks, its prime minister says, though Iranian strike damage will keep around 17% of capacity offline for years, leaving global gas markets only partly relieved.
Iran and the United States have agreed a 60-day roadmap towards a final agreement and a high committee to oversee negotiations, in a joint statement at the close of the first round of talks in Switzerland.
Airline passengers in the EU will keep free hand luggage and delay compensation under a deal reached after more than a decade of talks, with the rules due to take effect in 2027.
Syria envisioned as key cog in new energy distribution network.
Relations across the Gulf have been ruined following more than 100 days of war between Iran, Israel and the US with the Gulf neighbours to the south and east of the Islamic Republic left exposed following a new memorandum with the Trump admin.
Fitch has raised its 2026 oil and gas outlook to improving, lifting its Brent assumption to $87 on a five-month Strait of Hormuz closure, with prices seen at $100-110 before easing to $70 by September.
The escalating crisis in the Middle East and severe disruptions to energy transportation through the Strait of Hormuz have once again demonstrated how vulnerable the global oil and gas market remains to instability.
Qatar Airways is expanding its African network with a new Port Sudan service from July 2, resumed flights to Seychelles, Kigali and Marrakesh, and added frequencies across Egypt and southern Africa.
Global oil markets are relying heavily on inventory drawdowns to offset a supply shock caused by the closure of the Strait of Hormuz, with OECD stockpiles potentially reaching stress levels by mid-September if current trends persist, according to Oxf
The US House just voted 215 to 208 to end the Iran war, by passing a new War Act, that is unlikely to have any impact on the Iran conflict as US President Donald Trump is widely expected to veto the motion.
Iran announced that it had struck the headquarters of the US 5th Fleet in Bahrain as well as the Kuwait International Airport, resulting in one death.
The world has changed in a very fundamental way. For most of the last century the world has been run on the lines of Great Power Geopolitics: them and us; the enlightened and the barbaric; the rich and the poor.
Ceasefire and nuclear negotiations between Washington and Tehran have moved forward after US and Iranian negotiators drafted a new agreement, but President Donald Trump has sent the proposal back with tougher demands, with Iran to respond this week.
Global oil inventories are declining at a record rate as the market absorbs a major Middle East supply disruption, raising the risk of sharp price increases if the Strait of Hormuz remains closed, according to the International Energy Agency.
With Iran making itself a heavily relied upon partner to regional allies, US President Donald Trump's bid to bring Pakistan, Saudi Arabia, Qatar, and Turkey into the Abraham Accords with Israel appears destined to fail.
The United States and Iran are within reach of a landmark nuclear agreement, with negotiators reporting that a framework deal is 95% complete, according to officials cited by Fox News on May 24.
Russia’s oil and gas revenues are expected to jump 39% year on year in May to about RUB700bn ($9.8bn), buoyed by higher global crude prices driven by the conflict involving Iran, according to Reuters calculations published on May 20.