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Iran

Trump tells allies to ‘go get your own oil’ amid Iranian Gulf attacks

Trump's comments come on the same day that gas prices in the US jumped past an average of $4 for the first time since 2022 as fuel prices continue to spike worldwide.

Iran

Trump threatens to destroy Iran's Kharg Island if deal not made soon

About 90% of Iran’s crude oil exports leave the country via the small island in the Persian Gulf's north, much of it destined for China and other Asian markets.

Europe Today

EU fisheries ‘under strain’ as conflict and costs bite, warns Kadis

Kadis warned of growing anxiety among EU governments as costs rise and markets remain volatile. “There’s real nervousness across the sector."

Markets

European markets mixed as Iran tensions push oil prices higher

Brent crude has jumped more than 50% since the Iran conflict began, as Asian markets fall and European stocks follow suit.

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Mexico races to clean crude from Veracruz coastline

Cleanup crews and navy personnel remained deployed along Mexico’s Gulf coast on 26 March after crude oil polluted beaches in Veracruz and Tabasco. Authorities said 128 tonnes of contaminated waste had been removed, while the source remains under investigation.

Cuba

Cuba readies for first Russian oil shipment of year amid energy crisis

Analysts say the shipment could produce about 180,000 barrels of diesel, enough to meet Cuba's daily needs for up to 10 days.

Business

Five European nations and Japan to 'contribute' to Hormuz security

The conflict around the Strait of Hormuz is starting to draw in global powers, as disruptions to shipping and energy flows raise concerns about wider economic fallout.

Europe in Motion

Russia pocketing billions from two weeks of war in Iran, data shows

Moscow's fossil fuel earnings hit €7.7 billion in the two weeks after joint US-Israeli strikes triggered the war in Iran, as the ongoing conflict has sent global oil prices skyrocketing and led the US to ease Russian sanctions.

Business

Strikes on Gulf energy hubs threaten global LNG supply for months

Strikes on key Gulf energy sites are becoming more frequent and more damaging, beginning to unsettle supply and expose vulnerabilities across the region.

Europe Today

Watch: European Council meets today. What will be discussed - and why it will be war?

Today, 27 EU leaders meet in Brussels for the European Council. The official agenda highlights competitiveness and migration, but war overshadows it all. Your reporter does not yet know exactly what they will say. But we can certainly guess what keeps them up at night.

Business

China treads carefully on energy interests in Iran war

The Iran war is disrupting global energy flows and increasing the risk of wider regional escalation, leaving major economies such as China walking a tightrope.

Tech News

Could rising gas prices drive more drivers toward electric vehicles?

Surging fuel prices linked to the Iran war may boost interest in electric vehicles, as drivers look to avoid volatile gasoline costs. Experts say EV owners are less exposed to oil price shocks, though electricity prices and upfront costs remain key factors. Watch the video for more.

Europe News

EU pushes back on US decision to ease sanctions on Russian oil

The Trump administration's decision to allow the purchase of Russian oil stranded at sea was met with criticism in the EU, with Merz and Costa claiming the move undermines support for Ukraine at critical moment.

Europe in Motion

As Europe imports no Iranian oil, how does the conflict impact trade?

Tensions in the Middle East have threatened to drive up inflation and energy costs despite the EU having little direct trade with Tehran.

Azerbaijan

Global Baku Forum opens with Iran war raging across the border

As a supplier of gas to the EU, Azerbaijan has been increasing its deliveries to help fill the gap from the shutdown of the shipments from the Gulf as a result of the Iran war, said President Ilham Aliyev's chief foreign policy advisor.

Economy

Oil shock splits the world: Who's gaining and who's paying the price?

As oil prices surge, one question is emerging as the key determinant of economic vulnerability: does a country sell energy, or buy it?

Europe Today

Watch: Strait of Hormuz, Iran and naval mines — an explosive mix?

The narrow Strait of Hormuz is becoming a literal geopolitical landmine. The US wants to control it, but for Iran, the waterway is its ultimate leverage. Who is up for a history lesson?

Economy

How high could Europe's inflation go if the Iran war continues?

Economists estimate that rising oil and gas prices could significantly lift eurozone inflation. Markets have already begun pricing in the risk of a rate hike in 2026.

Business

Oil prices jump after Qatar warns disruption could push crude to $150

Oil prices surged on Friday after warnings from Qatar that the war will force Gulf to stop energy exports "within days".

Europe News

What are Europe's oil route alternatives to the Strait of Hormuz?

Many European countries like Italy, Greece, Spain, Poland and Belgium rely on the Strait of Hormuz for imports or refining. Experts say the closure of this corridor will not cut off Europe’s oil supply, but will continue to drive up oil prices and disrupt markets.