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Strait of Hormuz

Economy

Which European countries import the most crude oil?

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Business

Qatar and UAE test ways to keep LNG moving outside Hormuz

LNG exporters are looking for ways around the disruption in Hormuz, with three Gulf cargoes recently moved using ship-to-ship transfers (STS) as Qatar and UAE exports remain far below pre-war levels.

Business

Record fuel price rise sparks honking protests in Portugal

A slow-drive protest and blaring car horns marked the day fuel prices rose again in Portugal, with fuel costs hitting record highs across Europe.

Earth News

Restricted oil imports have sped up electrification in China

This is the first time that reductions in oil consumption – rather than coal – have been responsible for a drop in China's CO2 emissions.

Iran

Iran hits US targets in the region as Washington probes wedding strike

Oil prices again spiked this week after a few weeks of relative stability following the renewed fighting as Iran continues to maintain a stranglehold over the strategic Strait of Hormuz, responsible for roughly 20% of global oil shipping.

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Europe News

'Climate ambition is a matter of survival,' EU Commission says

Europe cannot afford to choose between climate policy and competitiveness or security, a senior EU official said.

Business

Qatar extends LNG cancellations as Hormuz disruption drags on

QatarEnergy’s latest cancellations run into early November. Buyers in Europe and Asia are finding replacement cargoes, switching to other fuels or using less gas, while no one knows when LNG shipping through the Strait of Hormuz will return to normal.

Markets

Oil prices rise as US-Iran tensions flare and Warsh fans rate hike

Oil prices climbed on Monday morning as tensions flared once again in the Middle East and as investors weighed a potential US rate hike.

Iran

Iran takes aim at Jordan after US attacks an island in Hormuz

The US attacks on Iran are the first in around a month as the Trump administration had shifted its war objective to inflict maximum economic pain on Tehran. Washington says the strikes were aimed at preventing Iranian forces from disrupting global shipping through the Strait of Hormuz.

Somalia

Piracy attacks off Somalia surge in 2026, analysis of IMO data shows

The region, which hosts some of the world's busiest shipping routes, has seen traffic heavily disrupted since the Iran war began on 28 February, affecting shipping through the crucial Strait of Hormuz.

Qatar

Qatar PM visits Tehran to push for de-escalation and reopening Hormuz

Qatar is stepping up its mediation efforts as regional tensions remain high and direct US-Iran talks remain stalled, with Doha focused on de-escalation, dialogue and restoring freedom of navigation through the Strait of Hormuz.

Iran

No military vessels will be allowed in the Strait of Hormuz, Iran says

The latest development comes amid US President Donald Trump's threat to bomb Oman if it “gets in the way," as his administration opposes parts of the evolving agreement.

Economy

Netherlands may not have enough gas for a harsh winter, Gasunie warns

The Netherlands will miss its winter gas-storage target, leaving it insufficiently prepared for an exceptionally harsh winter without additional measures, according to Dutch state-owned gas infrastructure company Gasunie.

Economy

US threatens Iran with 'economic D-Day' as markets await sanctions

US Treasury Secretary Scott Bessent has announced the launch of what he calls an 'economic D-Day' against Iran, describing the campaign as the single greatest financial offensive ever directed at an adversary, with further details due later on Monday.

World News

Trump claims Hormuz on Truth Social, Rezaei says 'shut until US changes'

Rezaei told Iranian state TV that the Strait of Hormuz is closed, despite US claims, and will not reopen until America changes its 'behaviour'.

United Arab Emirates

UAE halts all trade and financial dealings with Iran

Abu Dhabi announced the suspension after Iran fired two ballistic missiles toward the country on Tuesday. The move severs ties with what had been a major trading partner for sanctioned Iran, as crude flow through the Strait of Hormuz has fallen to less than a quarter of pre-war levels.

Iran

Trump says 'no talks or conversations' taking place with Iran

The president had earlier posted an image of a map showing the Strait as a new US territory, appearing to restate his threat to claim sovereignty over the passage from last week.

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