Hormuz disruption sends oil prices soaring, exposes energy security risks
April 20, 2026
Following the US seizure of an Iranian cargo ship, the Strait of Hormuz saw only three tankers cross in 12 hours, leaving
World
India withdraws bid to host COP33 climate summit
April 17, 2026
India’s foreign ministry confirmed it has withdrawn its offer to host the United Nations COP33 summit in 2028. Reuters reported earlier
Bank of England warns energy‑driven inflation risks could persist
April 15, 2026
Bank of England Monetary Policy Committee member Megan Greene said that while it may take months to assess the economic damage
China mulls restricting exports of advanced solar manufacturing equipment
April 15, 2026
Chinese officials are discussing limits on exports of advanced technology used to make solar panels, particularly to the US, according to
Russia courts Asia and reasserts influence in the Americas
April 15, 2026
Russian Foreign Minister Sergei Lavrov said Moscow is ready to increase energy supplies to China ahead of President Vladimir Putin’s visit, noting
EU warns of prolonged energy shock if Iran war continues
April 15, 2026
Two scenarios: In a closed‑door briefing for ambassadors, the European Commission outlined two possible outcomes for the Iran conflict. If the
IEA: Iran war has triggered largest oil supply disruption in history
April 15, 2026
The International Energy Agency (IEA) said the Iran war has created the biggest oil‑supply shock on record, with 10.1 million barrels per
EU reassures airlines on jet fuel supply but keeps close watch
April 14, 2026
No immediate shortage: the European Commission said there is no evidence of a jet fuel shortage in the EU at present,
World steel demand forecast slashed amid Middle East turmoil
April 14, 2026
The World Steel Association (worldsteel) lowered its forecast for global steel demand growth in 2026 from 1.3% to just 0.3%, citing
Europe rolls out relief and rethinks its energy strategy
April 13, 2026
In response to soaring fuel costs, Germany’s ruling coalition unveiled a €1.6 billion relief package that cuts energy taxes on petrol and
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