Oil prices have surged past $100 per barrel for the first time since the outbreak of the Ukraine conflict, driven by escalating tensions in the Middle East following US-Israeli military
UK left with just two days of gas as Middle East flows falter
Britain faces an acute energy security crisis as gas reserves have plummeted to critically low levels, creating unprecedented vulnerability to external supply disruptions. According to data released by National Gas,
Oil & Gas Prices Edged Higher Again In Early Trading
Oil prices are heading for their largest monthly rise in four years, raising concerns that a fresh surge in energy costs could reignite inflation and weigh on global economic growth.
Qatar’s Sizable Helium Share Spotlights Concentration Risk As Iran War And Hormuz Tensions Escalate
This week’s escalation around Iran has quickly moved beyond geopolitics and into the plumbing of global trade. Early signals suggest markets are pricing in a scenario where the Strait of
Markets wrap – Wednesday 4th March 2026
Oil prices edged higher as markets continued to react to escalating tensions in the Middle East. Brent crude rose 0.45% to $81.77 a barrel, while European gas futures fell 8%,
Iran warns ships as it claims control of Hormuz oil chokepoint
Iran’s Islamic Revolutionary Guard Corps has claimed it now has “complete control” over the Strait of Hormuz, a key maritime corridor for global energy supplies.
Qatar LNG suspension drives sharpest gas price spike since 2022
Gas prices recorded their sharpest rise since the start of the Ukraine war after Qatar suspended liquefied natural gas production in the wake of an Iranian attack.
Hapag-Lloyd pauses tanker sailings amid Strait of Hormuz tensions
Global shipping group Hapag-Lloyd has suspended all tanker movements through the Strait of Hormuz, a critical maritime chokepoint that carries roughly one-fifth of the world’s oil and gas shipments.
OPEC moves to steady crude as prices threaten $100 per barrel
Oil-producing nations are preparing to increase crude output in an effort to prevent prices from surging amid escalating tensions in the Middle East.
Breaking: Iranian parliament has approved the closure of the Strait of Hormuz
Iran’s parliament has approved a motion to close the Strait of Hormuz following U.S. airstrikes on the country’s key nuclear facilities.
Rising Oil Prices Set to Push Up Petrol Costs at the Pump
Fuel Price Drop May Be Short-Lived as Oil Surges on Middle East Tensions
Iran Weighs Closure of Strait of Hormuz, Raising Oil Market Tensions
Iran is seriously considering closing the Strait of Hormuz, according to Reuters, citing comments from Esmail Kosari, a member of the Iranian parliament’s security commission.