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Earth News

‘Cashing in on a crisis’: G7 urged to tax fossil fuel windfall profits

As Europeans brace for higher oil and gas prices, G7 nations are being urged to tax fossil fuel giants profiting from the war on Iran.

Iran

French soldier killed in Iraq as Iran war fallout spreads

Saudi forces intercepted more than two dozen drones on Friday after renewed Iranian threats against oil facilities, as the regional conflict killed a French soldier in Iraqi Kurdistan.

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.

The Cube

Tehran claims US-Israeli strikes have 'no impact': Is this true?

Iran's Foreign Minister Seyed Abbas Araghchi alleged that strikes on Tehran have "no impact" on the country's military capabilities, but is there any basis to these claims?

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Iran

Iran does not want to block Hormuz, Tehran diplomat says

In sharp contradiction to the new Ayatollah Mojtaba Khamenei's statement on Thursday, the Iranian ambassador to the UN told Euronews that Iran does not plan to block or mine the Strait of Hormuz.

Economy

Could oil prices really reach $200 a barrel as claimed by Iran?

As the Iran war approaches the two-week mark, energy markets are bracing for a potential "super shock". The IRGC has repeatedly threatened to push oil prices up to $200 per barrel, leveraging its control over the Strait of Hormuz, but how realistic is this scenario?

Economy

Global banks tighten security in Gulf hubs after new Iran threat

Precautionary moves by global lenders highlight growing concern that regional tensions could disrupt banking operations in the Gulf, as Iran is signalling that it may diversify its attacks.

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?

Economy

Iran strikes neutralise record IEA reserves release as oil tops $100

Oil spiked above $100 a barrel on Thursday following fresh Iranian attacks on Omani oil storage facilities, reversing any downward pressure from the IEA's record release of 400mn barrels announced the previous day.

Europe Today

Iran escalation risks 'stagflation shock' for Europe, Dombrovskis says

EU economy chief says intensity and duration of the Iran war will define fallout of the crisis on Europe as global coalition agrees to the biggest release of oil reserves in history to stabilise energy market.

Europe Today

Newsletter: Oil prices spiral despite historic reserve release

Also in this newsletter: European Commissioner for the Economy Valdis Dombrovskis tells Europe Today that a prolonged and escalating war in the Middle East could mean a 'stagflationary shock' for Europe.

EU.XL

Europe's civil shelters are crumbling. Brussels can't do much about it

Civil shelter networks across Europe are neglected. Inspections after a drone strike near a British base in Cyprus found many shelters unusable, reigniting the debate over civil protection and the EU’s limited role.

Iran

Iran's new ayatollah vows to block Hormuz in regime-released statement

Tehran fired fresh barrages of drones and missiles early on Thursday as the Iran war nears the two-week mark. Air raid alerts were sounded in Israel as authorities warned of incoming Iranian fire, as Gulf states brace for more attacks.

Europe Today

EU Commissioner Dombrovskis weighs in on Iran war and Ukraine

Tune in to Euronews' new flagship morning programme at 8 am Brussels time. In just 20 minutes, we bring you up to speed on the biggest news of the day.

USA

Precision Strike Missile: US' latest weapons system striking Iran

The US Army's new Precision Strike Missile, or PrSM for short, is a medium to long-range weapon meant to replace the ageing Army Tactical Missile System (ATACMS).

Tech News

Middle East data centres are becoming targets during Iran war

Data centres are the physical buildings that house all the infrastructure required to power banking apps, cloud services, and artificial intelligence platforms.

Iran

US responsible for deadly strike on Iranian school, inquiry says

The bombing of the school and its casualties involving children has become a focal point of the war, and would also stand among the highest civilian casualty events caused by the American military operations in the last two decades.

Iran

Oil prices top $100 a barrel amid Iranian attacks on commercial ships

The latest attacks marked an escalation in Iran’s campaign aimed at generating enough global economic pain to pressure the United States and Israel to end the war that started 12 days ago. But there were no signs that the conflict was subsiding.

The Ring

The Ring: Is the EU a spectator or player as war grips Middle East?

With the US and Israel’s war against Iran in its second week, the EU is bracing itself for a potential energy shock and economic fallout. As the conflict persists, can the EU continue to stand back and limit the damage, and is it facing a moment of reckoning as the guardian of the rules-based order?

Sport

Taking part in World Cup 'not possible', says Iranian sports minister

The Iranian sports and youth minister Ahmad Donyamali told state television that his country's football players would not be safe in the US, which will be one of the World Cup's host countries this summer.

The Iran war refers to the ongoing military confrontation involving Iran, Israel and the United States, with fighting and tensions spreading across the region — stay up to date on the latest developments as the situation unfolds