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
IEA approves historic 400m barrel oil release amid Iran crisis
The 32-member International Energy Agency has unanimously agreed to release 400 million oil barrels from its global strategic reserves in an attempt to prevent supply disruptions and ease market fears caused by Iran war shortages.
Ukraine
Zelenskyy says Druzhba pipeline could be restored in month and a half
"Ukraine can repair the Friendship oil pipeline in a month or a month and a half, although it sees no technical or safety reason to do so," Zelenskyy said. "I will be frank: my position, which is shared with European leaders, is that I would not repair the pipeline."
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Business
What does the US-Israel attack on Iran mean for oil prices?
The US and Israel launched a joint operation at Iran on Saturday morning. Iran retaliated as it had threatened, with explosions reported in the United Arab Emirates, Qatar, Bahrain and Kuwait, risking a wider conflict across the region.
Europe News
Hungary and Slovakia under pressure as US and EU target Russian energy
Hungary and Slovakia will be squeezed by the US and the EU to drop Russian fossil fuels, a sector expert claims. As pressure from Washington grows, Hungary has signed a long-term gas contract with Shell to complement its Russian supplies.
Markets
Oil prices drop as OPEC+ agrees to gradually hike output from April
Oil prices had already been trading lower in the last few weeks, partly because of expectations that US president Donald Trump could swiftly end Russia’s war in Ukraine. This, in turn, is likely to increase Russian oil output thanks to sanctions relief.
