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Europe News

Europe has 'maybe six weeks of jet fuel left,' IEA chief warns

Last week, the Airports Council International Europe wrote to the European Commission, saying jet fuel shortages could begin at the start of May if tankers do not start passing through the Strait of Hormuz.

Markets

S&P 500 and Nasdaq hit new all-time highs despite Iran war effects

The S&P 500 and the Nasdaq closed at record highs on Wednesday despite the Iran war dragging on, the Strait of Hormuz remaining largely blocked and global economic growth forecasts being cut amid rising inflation.

Iran

White House says discussing second round of Iran talks in Pakistan

Negotiators are focusing on three key points that derailed last weekend's talks, including Iran's nuclear programme, the Strait of Hormuz and compensation for wartime damages.

Europe News

EU pursues 'deeper' Gulf partnerships, Costa tells Euronews in Doha

In the highest-level EU visit to the Gulf since the Iran war started, European Council President Antonio Costa reinforced the EU’s strategic partnerships with the Gulf states and pushed for the reopening of the Strait of Hormuz, warning of “disastrous consequences”.

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Markets

Oil prices fall and markets rally on renewed hopes for peace talks

Shares mostly rose in early Wednesday trading, echoing the rally on Wall Street that came as oil prices eased on hopes that the United States and Iran may resume talks.

Iran

Diplomats try to arrange second round of US-Iran peace talks

An initial round of talks aimed at permanently ending the conflict failed to produce an agreement last weekend. The White House said Iran’s nuclear ambitions were a central sticking point.

Qatar

Qatar rejects claims of deals with Iran, calls for regional solution

The fallout from the war is disrupting shipping and energy flows, pushing Gulf states to work more closely together and support diplomatic efforts to prevent further escalation and stabilise the region.

Europe News

Energy prices set to rise as last Gulf Tankers reach Europe

Energy analysts have warned of surging energy prices beyond already elevated levels, as the last vessels carrying oil and natural gas from the Strait of Hormuz before the conflict have reached Europe. Supply forecasts for oil and gas remain optimistic as US deliveries are expected.

Economy

IEA warns of historic oil supply shock as Iran war disruption persists

The International Energy Agency (IEA) has warned of an unprecedented energy shock, with global oil production plunging by over 10 million barrels per day in March, as diplomatic efforts between Washington and Tehran fail.

Iran

Hormuz standoff turns into cautious waiting game as US blockade begins

Trump claims Iran made new contact for a deal, as the first hours of the US blockade in the Strait of Hormuz show an apparent cautious approach from all sides as the fragile ceasefire is still holding. But China announces its own shipping transit agreement with Iran, warning the US not to interfere.

Economy

IEA warns 'largest energy security threat in history' is under way

No new energy shipments have been loaded in April, signalling a worsening disruption that could intensify the global energy and economic impact, IEA Executive Director Fatih Birol said on Monday.

Markets

Stock markets gain and oil falls on hopes of renewed US-Iran talks

European markets opened higher on Tuesday morning, tracking Asian and Wall Street gains, as oil prices fell on expectations that a possible second round of talks between the US and Iran would end the Iran war.

Iran

Trump says US military blockaded Iranian ports to pressure Tehran

The US blockade comes in an attempt to economically pressure Iran to reopen the Strait of Hormuz to maritime traffic after its six-week closure caused global oil prices to surge. Roughly 40 vessels have passed through since the start of the ceasefire, down from 100 or more per day before the war.

Iran

US blockade of Iran's ports starts as Trump threatens Tehran's navy

In a social media post on Sunday, Trump said his goal was to clear the Strait of Hormuz of mines and reopen it to all shipping, but that Iran must not be allowed to profit from controlling the key cargo waterway.

Iran

US to blockade Iranian ports, risking wider war over Strait of Hormuz

US‑Iran talks in Pakistan have collapsed as Trump announced the blockade of Iranian ports and the Strait of Hormuz starting on Monday afternoon, stoking war fears and pushing oil prices sharply higher.

Iran

Has Iran lost the location of its mines in the Strait of Hormuz?

The New York Times reports, citing officials, that Iran may not have accurate records of the locations of all the mines it has laid. Reports suggest that the planting was carried out in a random and disorganised.

Europe News

Hormuz falls outside NATO's remit, Spain says after Trump's ultimatum

"NATO will not participate in this war," the Spanish foreign minister said as Donald Trump ramps up pressure on allies to help restore freedom of navigation through the Strait of Hormuz.

Qatar

Overlooked IRGC body holds key to Iran's Hormuz approach, expert says

The fragile US-Iran ceasefire is already faltering, with Tehran still blocking the Strait of Hormuz navigation in protest against Israel’s attacks in Lebanon. A leading Iran expert indicates Tehran's Hormuz strategy could be part of a well-established strategy.

Brussels, My Love?

Fragile ceasefire and energy system: How can Europeans cope?

The ceasefire reached in the Middle East is already at risk. Is there anything European consumers can to be safe from the instability?

Iran

Pakistan prepares to host US-Iran talks as ceasefire remains shaky

Islamabad is getting ready to host talks on Friday between the United States and Iran on a resolution to the war and the Strait of Hormuz, which remains at a standstill despite the ceasefire.