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Markets

Oil soars as escalating Iran conflict spurs energy supply concerns

Crude prices soared on Monday as investors continue to weigh the potential impact of escalating tensions in the Middle East on the supply of energy.

Europe News

Belgium seizes Russian shadow fleet tanker in North Sea crackdown

The Belgian navy has seized a tanker suspected of busting EU sanctions on Russia, sailing under a false flag in Belgian waters. France assisted the operation, which targets Moscow's shadow oil fleet.

World News

Yerevan to receive new oil shipment in key peace deal development

Armenia is to receive 4,500 tonnes of diesel in February 2026, a key step in peace efforts that has already lowered fuel prices in the South Caucasus country.

France

French probe reveals Russian security agents on seized shadow tanker

Two Russian nationals working for a private security company were confirmed to have been onboard a tanker seized by France in September, sources told French media. The vessel was suspected to be part of the Kremlin’s shadow fleet, carrying Russian oil and gas to evade Western sanctions.

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Cuba

Fuel shortages tighten grip on Cuba as US blockade deepens energy crisis

Cuba is rationing fuel as aviation authorities warn of limited jet fuel supplies. While Havana’s airport remains operational, long-haul flights face disruption. Public transport has stalled, banks reduced hours, and Mexico pledged diplomatic efforts to help resume oil shipments.

Markets

Europe lost out on 3.8mn tonnes of Kazakh oil after Black Sea attacks

Kazakhstan’s oil exports fell after Ukrainian drone attacks and stormy weather hampered operations at the Caspian Pipeline Consortium’s marine terminal in Novorossyisk. Its major oil field Tengiz also suffered an outage in January.

Markets

Oil climbs as Trump warns Iran 'time is running out' for nuclear deal

Markets priced in fresh geopolitical risk as Washington escalated rhetoric against Tehran, with analysts warning supply disruptions could push prices higher.

Economy

Oil vs. rare earths: Which will shape the global economy’s future?

Oil shaped the last century, but rare earths may shape the next. As economies electrify and AI expands, control over critical materials is becoming a new source of global power.

USA

Trump says Cuba should strike deal with US 'before it is too late'

Trump suggests that Cuba should move to quickly strike a deal with Washington as he announced that the Caribbean nation will no longer be receiving oil or money from Venezuela, which it had relied on financially for years.

Earth News

Trump’s push to control Venezuela’s oil sparks climate outrage

Trump says he will bring in large US companies to fix Venezuela’s oil infrastructure, despite growing calls to end fossil fuels.

Europe News

Trump hands Orbán a win as Hungary locks exemption for Russian energy

White House sources say exemption for Budapest to continue buying Russian oil will apply for a year. The move represents a political win for Orbán heading into an election in April, with the Hungarian economy in dire straits. Low energy prices could be a determining factor in the campaign.

Markets

Markets prepare for rate decisions while tracking US-China trade talks

Global stocks rallied on Monday morning, driven by optimism that a new trade deal is in reach between the US and China.

Markets

Gold falls from new record, European markets show signs of recovery

European markets bounced back from recent weakness on Tuesday morning amid persistent geopolitical uncertainties.

Markets

Gold hits fresh record, European stock markets rise after Fed comments

The Federal Reserve chair's tentative support for more rate cuts gave a boost to markets on both sides of the Atlantic, despite trade tensions between Washington and Beijing.

Markets

European markets turn gloomy as US–China trade war looms

Relations between China and the US are souring as the countries place fees on each other’s ships, worrying investors. The new front in the trade war comes despite President Trump’s claim on social media: "Don't worry about China, it will all be fine!”

Markets

Oil prices jump after OPEC+ announces modest monthly output hike

Analysts forecast that the rise may be short-lived as soft demand threatens a supply glut.

Ukraine

US intelligence to help Ukraine strike further energy sites in Russia

The US reportedly agreed to provide Ukraine with intelligence to support long-range strikes on Russia’s energy sites and is considering Tomahawk missile supplies, in what the Ukrainian president said on Thursday was "maybe something more".

Business

Syria resumes oil exports after 14 years, with 600,000 barrels a day

Before 2010, when the protests against Bashar al-Assad led to a civil war in the country, oil provided more than half of Syria's income.

Ukraine

Ukraine knocks out nearly one-fifth of Russia's oil refining capacity

Ukraine has significantly intensified its attacks against Russia's energy sector over the past few weeks, managing to disrupt oil refining capacity, weakening Moscow’s war economy.

Europe News

Hungary and Slovakia in spat with Ukraine after oil pipeline bombing

In a comment on Sunday, Zelenskyy indicated that the future of the pipeline could depend on Hungary's behaviour. Budapest said Kyiv harms its sovereignty, and Slovakia warned Ukraine might be left without fuel, if the attacks continue.