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Iran

Trump and Starmer discuss the reopening of Strait of Hormuz

Trump’s appeal for other countries to deploy warships to help the US secure the Strait received no commitments on Sunday. Meanwhile, Germany expressed scepticism about the proposed naval mission in the Strait of Hormuz, signalling that it would not take part.

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Iranian ambassador to UN does not rule out attacks on Europe

Iran's Ambassador to the UN in Geneva denied that Tehran attacked its neighbouring countries in a Euronews interview, while simultaneously stating that military forces have been instructed to target US military bases. This could include European sites.

Economy

US expands Russian oil waiver to all countries in bid to cool prices

The US has expanded a temporary sanctions waiver on the purchase of stranded Russian oil from India alone to all countries worldwide as part of ongoing efforts to ease pressure on global energy prices.

Europe in Motion

As Europe imports no Iranian oil, how does the conflict impact trade?

Tensions in the Middle East have threatened to drive up inflation and energy costs despite the EU having little direct trade with Tehran.

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Iran

Iran does not want to block Hormuz, Tehran diplomat says

In sharp contradiction to the new Ayatollah Mojtaba Khamenei's statement on Thursday, the Iranian ambassador to the UN told Euronews that Iran does not plan to block or mine the Strait of Hormuz.

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?

Europe Today

Watch: Strait of Hormuz, Iran and naval mines — an explosive mix?

The narrow Strait of Hormuz is becoming a literal geopolitical landmine. The US wants to control it, but for Iran, the waterway is its ultimate leverage. Who is up for a history lesson?

Economy

Iran strikes neutralise record IEA reserves release as oil tops $100

Oil spiked above $100 a barrel on Thursday following fresh Iranian attacks on Omani oil storage facilities, reversing any downward pressure from the IEA's record release of 400mn barrels announced the previous day.

Iran

Iran's new ayatollah vows to block Hormuz in regime-released statement

Tehran fired fresh barrages of drones and missiles early on Thursday as the Iran war nears the two-week mark. Air raid alerts were sounded in Israel as authorities warned of incoming Iranian fire, as Gulf states brace for more attacks.

Iran

Oil prices top $100 a barrel amid Iranian attacks on commercial ships

The latest attacks marked an escalation in Iran’s campaign aimed at generating enough global economic pain to pressure the United States and Israel to end the war that started 12 days ago. But there were no signs that the conflict was subsiding.

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.

World News

Iran unleashes intense strikes across Gulf as Hormuz crisis deepens

Iran intensifies missile and drone attacks across the Gulf, hitting near Dubai and Qatar as air defences respond, defying US President Trump’s claims that the war is winding down.

Iran

US military releases footage of strikes on Iranian naval vessels

Video released by US Central Command shows what it says are US forces striking several Iranian navy vessels, including 16 minelayers near the Strait of Hormuz. The US military said it destroyed the vessels amid concerns Iran could mine the strategic waterway.

Iran

US says it destroyed Iranian mine-laying vessels near Strait of Hormuz

Washington says it has destroyed 16 Iranian mine-laying vessels near the Strait of Hormuz, after Tehran threatened to not allow oil to pass through the waterway, through which a fifth of the world’s crude flows. Israel and Iran have also launched fresh attacks early on Wednesday, as the war enters i

Economy

Iran war shocks continue to ripple through the global economy

The Iran war is driving up energy and fertiliser prices, threatening food shortages in poor countries, destabilising fragile states and complicating inflation control at central banks worldwide.

Economy

Why blocking Hormuz could threaten the world's food supply

While most of the world is focused on the impact of oil disruptions in the Strait of Hormuz, the current blockade could also pose long-term risks to the global food supply.

Europe News

EU executive plans energy price relief for struggling industries

EU leaders are considering reviewing taxes, electricity network charges and carbon costs tied to energy prices as a quick fix for struggling industries as attacks on the Strait of Hormuz send markets reeling.

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.

Business

The country likely winning from Iran's Hormuz gambit? Russia

The world's most critical shipping chokepoint is becoming a geopolitical battleground — and Russia may be the unlikely winner.

Economy

Iran war: How exposed are European economies?

The closure of the Strait of Hormuz has sent gas prices surging by 60%, putting additional strain on Europe's already-depleted winter inventories and prompting economists to revise their 2026 growth and inflation outlooks.

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