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Markets

G7 yet to approve emergency oil release as Iran war drives prices up

After oil prices jumped above $100 a barrel overnight, finance ministers from the G7 countries held a conference call on Monday but did not agree on releasing oil stockpiles to stabilise the market.

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Long fuel queues form in Bangladesh amid fears of supply shortages

Motorists in Bangladesh queued for hours at petrol stations as concerns grow that the war involving Iran could disrupt fuel supplies.

Markets

European markets dip as oil prices soar and European gas prices jump

Leading European stock market indexes started the week with a big sell-off, following a major drop across Asian markets and surging oil prices, as the Middle East crisis escalates further.

Markets

Oil prices soar above $100 a barrel as Iran conflict impacts supplies

Crude prices surged on Monday morning as investors weighed the prolonged impact of the war in Iran on energy supplies.

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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".

Markets

European markets show mixed sentiment as oil prices climb further

European stock markets lost their enthusiasm by the early afternoon following a positive trend in the first half of the trading lead by strong performances in Asia. Meanwhile, oil prices are rising further.

Business

Passage denied: Oil and gas swing wildly as Hormuz crisis drags on

Oil prices are climbing, albeit at a slower pace, as the US and Israel's war with Iran enters its fifth day, with little to ease concerns over the safety of the Strait of Hormuz — a vital artery for the global energy supply.

Europe Today

Watch the video: Iran war and your wallet — have you checked the bill?

At Euronews, we usually report big politics, but this time your reporter wants to ask a different question: how will the Middle East conflict affect your wallet?

Economy

Spring statement: Iran war casts shadow over UK economic recovery

Chancellor Rachel Reeves sought to strike an upbeat note on Tuesday on the state of the UK economy, even as oil and gas prices surged in the wake of the fast-evolving war with Iran.

Economy

Iran attacks threaten US GDP growth and inflation prospects

The US and Israeli attacks on Iran have pushed up oil prices, adding fresh uncertainty to a US economy already facing stubborn inflation and weak hiring.

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.

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.

USA

Venezuela denounces US threat to its oil production in letter to OPEC+

Venezuela asked OPEC+ for support after accusing the United States of "direct aggression" that, according to Caracas, seeks to destabilise its oil production and jeopardise the stability of the world market.

Economy

How long can the Russian economy continue to fund the frontline?

The Russian economy is balancing on the edge of recession, yet the war could go on for years. Its financing appears to have no immediate major obstacles, according to experts.

Markets

Oil prices surge as US sanctions suffocate Russian oil flows

Fresh US measures against Russian energy giants are tightening the seaborne supply of oil, pushing Brent higher as traders price in risk.

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.

Business

BP launches cost-cutting scheme despite beating profit expectations

The business review comes just a few months after BP said it would save $4bn to $5bn by the end of 2027, relative to 2023 costs.

Markets

Oil prices rise on EU-US trade deal and Trump comments on Ukraine

US President Donald Trump said on Monday he was reducing a 50-day deadline given to Vladimir Putin to agree a deal with Ukraine. Oil prices had already risen on news of a EU-US trade deal.

Markets

Israel Iran conflict highlights Asia's dependence on Middle East oil

A blockade of the Strait of Hormuz could affect a number of Asian countries, making renewable energy capacity a crucial guard against volatility.

Business

Shell says it’s not in talks to acquire BP as takeover rumours swirl

BP’s share price jumped on the speculation that it could be acquired by Shell, following a report in the Wall Street Journal.