Month-ahead UK wholesale gas price hits highest level since August 2022 as Donald Trump threatens retaliationMiddle East crisis – live updatesBusiness live – latest updatesGas prices jumped and oil prices rose again after an escalation of attacks by Israel and Iran on gasfields heightened fears of prolonged disruption to international energy supplies.Brent…
President Donald Trump targets Iran's Kharg Island oil hub, which handles 90% of Iranian crude exports to China and India, raising fears of broader Persian Gulf supply disruptions.
Oil and European natural gas prices surged as Iran pledged to retaliate in response to attacks on the country’s upstream energy assets.
The Iranian government threatened to strike oil and gas facilities in Qatar, Saudi Arabia and the United Arab Emirates (UAE) on Wednesday, in response to an attack on its South Pars natural gas field. Iranian state media warned the country would target Saudi Arabia’s Samref Refiney and its Jubail Petrochemical Complex, as well as the…
Brent crude oil held above $100 on Monday, pushing national average gasoline prices to their highest level since October 2023 as President Trump ordered allies to help protect oil tankers from Iranian attacks in the Strait of Hormuz.
President Trump said Wednesday that Israel will not conduct further attacks on Iran's main natural gas facility.Why it matters: Trump's comments that seem to be an effort to de-escalate the situation came hours after he green-lit the Israeli strike on the facility that marked a significant escalation in the war. Driving the news: The Israeli Air Force…
Israel kept up its campaign of targeting Iran’s leaders and an Iranian offshore natural gas field was struck in a sign of the war’s mounting pressure – from both sides -- on the region's economic lifeblood: energy.
WHAT’S HAPPENING TODAY: Happy St. Patrick’s Day, Daily on Energy readers! 🍀🌈 We are kicking off the newsletter with remarks from the president’s top economic adviser, who acknowledged that a prolonged war in Iran could ultimately “hurt consumers.” Below, we break down his full remarks and the White House’s response. We also take a look…
Oil prices surged after attacks on energy sites in Iran and Qatar. Plus, Trump administration officials were grilled by Democrats over air strikes against the Iranian regime. NBC News’ Gabe Gutierrez reports.
