Peace deal reopens Strait of Hormuz, sends stock markets soaring
June 15, 2026
Oil prices plunged and stock markets rallied after the US and Iran announced a draft peace deal that includes reopening the
Crude Oil
Aviation’s 2050 net-zero target slips from difficult to doubtful as SAF gap widens
June 9, 2026
Airline leaders say aviation is unlikely to meet its 2050 net-zero target on the current trajectory, with IATA director general Willie
Europe’s transport chief plays down jet fuel shortages despite Hormuz closure
June 5, 2026
EU transport commissioner Apostolos Tzitzikostas said there are no signs of a jet fuel shortage in Europe because US and Nigerian
UK construction sector shrinks as energy costs bite
June 4, 2026
The Royal Institution of Chartered Surveyors said its net workloads balance for UK construction fell to -12% in the first quarter
Hormuz supply disruption pushes refined fuel margins above historical averages
June 2, 2026
Iran’s threats to maritime traffic in the Strait of Hormuz have sharply restricted crude flows and led refiners across Asia to
OPEC+ to raise output quota by 188,000 bpd – but hike seen as mostly symbolic
May 21, 2026
OPEC+ leaders agreed to raise their collective output target for July by 188,000 barrels per day – the third consecutive monthly
OEUK calls emergency summit as Iran war reignites UK energy security debate
May 21, 2026
Offshore Energies UK has urged ministers to prioritise domestic energy production, including North Sea oil and gas alongside renewables, warning that
International Energy Agency warns oil inventories are depleting fast
May 19, 2026
IEA executive director Fatih Birol says commercial oil inventories are “depleting quickly” due to the supply shock from the Iran war.
Oil markets rally on combative rhetoric as Hormuz remains tense
May 15, 2026
Brent crude futures climbed by 2.4% to $108.22 per barrel after US President Donald Trump said he was running out of
UAE fast‑tracks pipeline to bypass Hormuz and double exports
May 15, 2026
Abu Dhabi’s crown prince ordered state company ADNOC to accelerate construction of a West-East pipeline, doubling the UAE’s oil export capacity
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