Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a ‘feline Oscars’ star
The IEA's chief warns that the current global energy crisis caused by the war in Iran is more severe than the oil shocks of the 1970s.
How CNG is made from LNG, learn the whole game of gas production and transport
The ongoing conflict in West Asia has severely impacted global LNG supply chains, particularly affecting countries like India due to production halts in Qatar.
SOS signal from the IEA: No country is immune to the worst energy crisis in decades
The head of the International Energy Agency (IEA) warns that the global energy crisis, exacerbated by the ongoing conflict in the Middle East, is affecting every nation with unprecedented oil supply losses.
IEA chief: The war in the Middle East threatens the world economy
The head of the International Energy Agency warns that the ongoing war in the Middle East poses a significant threat to the global economy due to energy supply issues.
"LNG Supply Will Cut Off in 10 Days"... Countdown to Unprecedented 'Supply Cliff'
The global liquefied natural gas (LNG) supply is facing a severe cut-off due to the blockade of the Strait of Hormuz amid the ongoing war between the US, Israel, and Iran.
International Energy Agency Director: The Global Economy Faces Significant Danger Due to War in the Region
The Director of the International Energy Agency, Fatih Birol, warned that the current Middle East crisis poses a greater threat to the global economy than the oil crises of the 1970s combined.
Iran chokes Strait of Hormuz with reported $2M tanker toll, regime threatens global oil supply
Iran is reportedly imposing a $2 million toll on tankers passing through the Strait of Hormuz to strengthen its control over this crucial shipping route.
Live: Fuel price fears grow as Trump and Iran trade threats
US threats against Iran regarding fuel facilities are heightening global market concerns while New Zealand's government takes steps to manage local fuel supply and electric vehicle infrastructure.
Iran war's damage to economy could worsen yet markets remain complacent
Despite the significant economic threats posed by the Iran war, market reactions remain unexpectedly calm.
Why the price of tomatoes is rising due to the war in Iran: the long journey of fertilizers from the East
The rising price of tomatoes in Spain is attributed to the ongoing war in Iran and its effects on fertilizer supply chains.
Vietnam and Russia plan to sign an energy agreement
Vietnam aims to strengthen its fuel reserves through an upcoming energy agreement with Russia amidst global supply disruptions due to conflicts in the Middle East.
Total CEO warns: What will happen to the global economy after 180 days of war on Iran?
The CEO of Total warns that a prolonged conflict in Iran could significantly impact the global economy, especially if the war extends beyond six months.
International Agency recommends remote work and increased carpooling to face energy crisis caused by war
The International Energy Agency urges individuals to reduce oil demand by working from home, flying less, and driving slower due to the ongoing energy crisis caused by conflict in Iran.
Vietnam, Russia to Sign Energy Deal as PM Leaves for Moscow
Vietnam's Prime Minister Pham Minh Chinh has embarked on a visit to Russia to sign several key agreements, including one focused on oil and gas cooperation amidst global supply challenges.
Hormuz, reduced transits by 95%. "We stop our enemies". And the G7: "Measures for energy"
Iran has drastically reduced oil transit through the Strait of Hormuz, affecting global oil supply and prices, while the G7 calls for energy measures in response.
[Editorial] Long-term blockade of Hormuz, all options for securing crude oil must be considered.
Tensions between the U.S. and Iran escalate as both sides threaten civilian infrastructure, resulting in a heightened risk of war and potential disruptions in global energy supply through the strategic Hormuz Strait.
"We will not stand idly by".. Houthis warn against widening the scope of war
The Houthis in Yemen have warned that they will not remain inactive amid escalating tensions in the region, cautioning that any attempt to widen the conflict will directly impact global supply chains and energy prices.
Amidst the war in Hormuz, the government's Plan B is active, says - petrol-diesel and LPG...
Amid ongoing conflicts in Hormuz, the Indian government is implementing its contingency Plan B to ensure fuel supply security and address rising energy tensions.
From Japan to Germany... 22 countries together in Hormuz, making this appeal to Iran with a warning
Twenty-two countries, spanning from Japan to Germany, have issued a joint warning to Iran, urging it to cease attacks in the Strait of Hormuz, which is vital for global oil supply.
Jet fuel crisis may boost Dangote exports to Europe
Nigeria's Dangote refinery is expected to supply more jet fuel to Europe due to ongoing global disruptions in the jet fuel supply chain.
G7: Ready to Support Global Energy Supply
The G7 countries have expressed their readiness to take all necessary measures to ensure a stable global energy supply amid pressures from the Middle East conflict and attacks on energy infrastructure.
How far could the Gulf conflict spread? A Kremlin aide has a warning
A Kremlin aide warns that the Gulf conflict is impacting global supply chains and reshaping trade relations.
War shows that the Strait of Hormuz is not so safe and highlights its global importance
The ongoing conflict has raised concerns over the safety of the Strait of Hormuz, a critical passage for global oil supply, following recent military actions by the US and Israel against Iran.
FAO expert: A major disruption in global food supplies is weeks away
Maximo Torero of the FAO warns that the ongoing war in the Middle East may lead to significant disruptions in global food supplies within weeks.
Icon Energy: Periods of geopolitical disturbances bring stronger charter markets
Icon Energy Corp anticipates growth opportunities in the bulk carriers market due to the interplay between global geopolitical uncertainty and healthy supply and demand fundamentals.
Iran may allow fuel ships related to another Asian country through the Strait of Hormuz
Iran is willing to assist Japanese vessels on a crucial route for global fuel supply, according to Foreign Minister Abbas Araghchi in an interview with Kyodo News.
Strait of Hormuz: It's Not Just Oil – They Feed 100 Million People
The Strait of Hormuz is crucial not only for global energy security but also as a primary food supply route for over 100 million people in the Gulf region.
Business Ticker: Thousands of Luxury Cars Stranded on Kenyan Mini-Island Due to Iran War
Thousands of luxury cars, primarily from Porsche, are stranded on a Kenyan island after being unloaded from ships en route to Dubai, affected by the Iran war.
Energy crisis: more smart working and lower speed limits. The recipe for austerity
The International Energy Agency recommends strategies like increased remote working and lower speed limits to mitigate the economic impact of global oil supply disruptions due to the Middle East conflict.
Escalation scenario concerning Gulf islands: Iran warns UAE of strong retaliation
Iran has warned the UAE that it will target their territory if it is used for attacks on Iranian-controlled islands in the Gulf that are claimed by the Emirates.
Affected by the Iran War: Know the 10 Largest Aluminum Producers in the World
The ongoing U.S.-Israeli conflict with Iran is threatening the global aluminum market by putting pressure on the Gulf region, a key energy and shipping hub.
US lifts sanctions on Iranian oil at sea in bid to ease supply pressures
The US has temporarily lifted oil sanctions on Iran to alleviate global energy supply pressures amid ongoing conflicts.
Donald Trump ‘very surprised’ Australia declined to send troops to strait of Hormuz amid fuel crisis
Donald Trump expressed his surprise at Australia's decision not to send warships to the strait of Hormuz amid ongoing tensions affecting global oil supply.
War in the Middle East: Three Weeks After the Blockage of the Strait of Hormuz, Is Global Oil Supply Threatened?
The ongoing conflict in the Middle East raises concerns about potential threats to global oil supply following the blockage of the Strait of Hormuz by Iran.
Fashion industry pins survival strategy on new Australian-made push
Australia's fashion industry is launching a national roadmap to revitalize local manufacturing in response to disruptions from global supply chain issues.
A World Power, a Regional Power, Two Different Objectives
The article discusses Israel's recent attack on an Iranian gas field and the subsequent repercussions affecting global energy supplies and fuel prices.
Lowering speed limits among contingency plans to curb UK oil demand
The UK government is considering lowering speed limits as a strategy to reduce fuel consumption amid a global oil supply crisis stemming from Middle Eastern tensions.
Fatih Birol (IEA): "The war in Iran is already the greatest threat in history to energy security"
Fatih Birol, the Executive Director of the International Energy Agency, warns that the current reduction in oil supply due to the blockade of the Strait of Hormuz by Iran poses unprecedented risks to global energy security.
Theodoros Kourbelis (Lloyd's Register) on the 'N' Vidcast: The blockade at the Strait of Hormuz threatens the global economy
The blockade at the Strait of Hormuz poses a significant threat to the global economy, as discussed by Theodoros Kourbelis, Global Business Director at Lloyd's Register.
Oil supply nearly halted through the Strait of Hormuz, IEA warns the world
The ongoing conflict in the Middle East has caused a significant disruption to global oil supplies, particularly affecting the Strait of Hormuz, prompting the IEA to issue urgent recommendations.
South Africa and others seek fuel deal with Dangote refinery amid global crisis
Several African nations, led by South Africa, are negotiating fuel supply contracts with the Dangote refinery due to disruptions in global fuel supply linked to Middle Eastern conflicts.
Jaishankar spoke with Australia, discussed Middle East crisis
India's Foreign Minister S. Jaishankar and Australia's Foreign Minister Penny Wong held a phone call to discuss the ongoing Middle East conflict and its implications for global security.
Gas hubs hit in Iran and Qatar: How close is a global supply crisis?
Israel's recent strikes on Iran's South Pars gas field have raised alarms about a potential global energy crisis following retaliatory attacks on Gulf nations.
Industrial Design: The Opportunity to Redefine Productive Poles
The article discusses the need for Mexico to rethink its industrial design and planning in light of changing global contexts, such as nearshoring and technological transformation.
Sri Lanka declares a public holiday on Wednesdays to save fuel; see measures around the world
Sri Lanka has instituted a public holiday on Wednesdays to conserve fuel amidst a global oil supply crisis, exacerbated by Middle Eastern conflicts.
War in the Middle East: facing the risk of blockage of the Strait of Hormuz, the rare other oil routes
As military operations escalate in the Middle East, particularly near the Strait of Hormuz, the global oil supply faces significant disruptions, leading to rising crude prices and scarce alternate routes for oil transport.
Resilient hub in transfers: Piraeus
Piraeus port faces new challenges in container traffic due to escalating tensions in the Middle East affecting global maritime flows and supply chains.
'A terrible crisis is about to come', the whole world is scared of attacks on gas facilities
Recent attacks on gas facilities in the Gulf, initiated by Iran in response to an Israeli strike on the South Pars gas field, have raised global concerns over energy supply disruptions.
GALLERY ⟩ Fuel prices at gas stations have taken a small step back
Fuel prices at gas stations in Estonia slightly decreased recently due to government measures aimed at mitigating the impact of global supply issues.
'Why such a big attack?' Qatar's pain spilled over... but now the US benefits!
Qatar's energy sector faces significant disruption due to Iranian attacks, with a projected recovery period of 3-5 years.