Oil shock: Hormuz blockade exposes fragility of energy security
April 13, 2026
The US has announced a naval blockade of Iranian ports, a move that could remove up to two million barrels per day
Fossil Fuels
Blair Institute backs Rosebank and Jackdaw in warning over UK ‘energy crisis’
April 10, 2026
Tony Blair’s think tank has called for government approval of the Rosebank oil field and Jackdaw gas project, arguing Britain needs
US loans 30 million barrels from the Strategic Petroleum Reserve
April 10, 2026
DOE will loan up to 30 million barrels of crude from the West Hackberry SPR site, marking the third solicitation since fuel
Middle East producers plan exports but blockade continues
April 10, 2026
Producers ask customers to nominate cargoes – Saudi Aramco, Kuwait Petroleum Corp (KPC) and Iraq’s SOMO have asked Asian refiners to
Goldman Sachs trims oil price forecasts but cautions supply risks remain
April 9, 2026
Goldman Sachs lowered its Q2 2026 Brent and WTI forecasts to $90 and $87 per barrel respectively, from $99/$91. The bank notes that
Israeli gas restart lifts supply prospects amid uncertainty
April 9, 2026
Israel’s energy ministry has instructed Energean to restart the Karish offshore gas platform, closed since 28 February. The resumption follows a US-Iran
UK to insist Hormuz remains toll‑free and call for Lebanon’s inclusion in ceasefire
April 9, 2026
In a major speech, foreign secretary Yvette Cooper will argue that no tolls should be levied on ships transiting the Strait
Crumbling ceasefire drives oil back toward $100 and shakes markets
April 9, 2026
A fragile two‑week ceasefire in the Iran war is already showing cracks, pushing Brent back toward $100 and knocking European and
Tehran’s proposed Hormuz toll: An existential challenge for global energy
April 9, 2026
Reports suggest Iran wants to levy up to $2 million per vessel for ships transiting the Strait of Hormuz. The mere threat of
Climate heavyweights tell UK to rethink North Sea licensing U-turn
April 8, 2026
High‑profile warning: Lord Nicholas Stern, Christiana Figueres and other climate leaders urged Britain to halt new oil and gas licensing, arguing projects like
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