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Iran

Iran spurns US' 15-point plan and escalates attacks on Israel and Gulf

Tehran claimed on Wednesday it has rejected a US ceasefire plan, as it ramped up attacks on Israel and Gulf states and proposed its own terms, including reparations and control of Hormuz.

Europe News

LNG tide turns to Asia leaving Europe short on supply

Europe is losing LNG shipments to Asia as the war in the Middle East impacting Qatari facilities pushes prices higher. Italy and Belgium scramble for alternative supplies in mega competitive market.

Markets

Oil above $100 while stocks open lower in expectation of US-Iran talks

US stocks opened slightly lower on Tuesday while oil prices climbed higher, reflecting persistent uncertainty over the Iran war even after US President Donald Trump signalled progress in talks.

Iran

Trump says US in negotiations with Iran 'right now' to end war

On Monday, Trump claimed his administration has been negotiating with Iran "for a long time" and believes a deal to end the war is close, saying Iran "means business."

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Markets

Oil prices slide after Trump withdraws from Iran ultimatum

Oil prices dropped and stock markets started to climb after comments from US President Donald Trump raised hopes for a quick end to the Iran war.

Iran

Trump says Iran 'means business' but Tehran denies peace talks

Trump didn't clarify who has been involved in the talks but Iran's parliament speaker and foreign minister denied any such negotiations have happened.

Economy

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

Iran

Iran threatens to hit Middle East power plants as Hormuz crisis grows

Early Monday, Iranian state-run television broadcast a statement from the Revolutionary Guards (IRGC) that warned, "Do not doubt that we will do this."

Iran

Iran says Natanz nuclear site was hit in US-Israeli attack

US President Donald Trump said he was considering “winding down” military operations in the Middle East, even as the United States deploys more troops and warships to the region.

Economy

IEA urges swift cuts in oil demand, encourages remote work

As the war in the oil-rich Middle East keeps escalating, the International Energy Agency is calling on governments to take measures to reduce oil demand by pushing remote working, reducing speed limits and encouraging a shift towards public transport.

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Watch: Trump’s Pearl Harbor joke tests US-Japan alliance amid Iran tensions

Donald Trump joked about Pearl Harbor while urging Sanae Takaichi to expand Japan’s role in securing the Strait of Hormuz, drawing a muted response.

Iran

Trump calls NATO allies 'cowards' over refusal to join naval force

The death toll has risen to more than 1,300 people in Iran, more than 1,000 people in Lebanon, 15 in Israel and 13 US military members in the region. Millions of people in Lebanon and Iran have been displaced.

Business

Five European nations and Japan to 'contribute' to Hormuz security

The conflict around the Strait of Hormuz is starting to draw in global powers, as disruptions to shipping and energy flows raise concerns about wider economic fallout.

Germany

Europe's fertilizer crisis: war-driven price surge, Russia dependency

The fertilizer market is facing a double crisis: the Iran war is driving up prices, the Strait of Hormuz is blocked - and at the same time it is becoming clear how dependent Europe still is on Russian supplies.

The Ring

Energy crisis hits Europe - Who pays the price? MEPs clash in The Ring

In this new edition of The Ring, broadcast from the European Parliament in Brussels, MEPs Fabrice Leggeri (Patriots for Europe) and Jussi Saramo (The Left) debate Europe’s energy strategy as geopolitical tensions shake global markets.

Economy

Brent crude oil crosses $119 after Iran hit largest Qatari energy site

Brent crude oil traded briefly above $119 a barrel after Iran struck Qatar’s largest energy site, the Ras Laffan gas field. The attack was in response to Israeli strikes against the Iranian South Pars gas field.

Iran

Trump says he is 'not putting troops' in Iran as war continues

His comments come after Defence Secretary Pete Hegseth told reporters that "we're very much on track" and that President Donald Trump would be the one to decide when to stop the war.

Economy

Oil surges to $110 after Israel hits Iran's energy facilities

Brent crude oil prices surged to $110 a barrel after Israel attacked the largest gas plant and another oil facility in Iran. The Islamic Revolutionary Guard Corps of Iran (IRGC) reacted by announcing that some Gulf energy sites are "legitimate targets".

Iran

What Iran’s Strait of Hormuz strategy reveals about its war goals

Attacks on ships in Hormuz and strikes across the region expose Tehran's strategy of gradual escalation and long war, testing US, Israeli and Gulf resolve.

Iran

The handful of marine choke points holding Europe's economy hostage

From the Persian Gulf to the English Channel, a small number of narrow waterways carry the vast bulk of what Europeans eat, buy, and heat their homes with. When one of them is threatened the consequences ripple everywhere.