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Global energy crisis deepens amid US-Iran tensions in Strait of Hormuz
Global energy markets are facing one of the most severe disruptions in decades, with the International Energy Agency (IEA) warning that the ongoing US-Israel-Iran conflict has already removed around 11 million barrels per day from global oil supply, an impact larger than past oil crises combined.
World gave Israel ‘licence to torture Palestinians’: UN expert
GENEVA: The world has given Israel “a licence to torture Palestinians”, a UN expert said on Monday, with life in the occupied territories “a continuum of physical and mental suffering”. “Torture has effectively become state policy” in Israel, said Francesca Albanese, the UN’s special rapporteur on t...
China pledges to deepen trade ties with Kenya
Chinese Vice President Han Zheng on Monday attended the China-Kenya Business Forum in Nairobi, where he reaffirmed China's commitment to expanding trade with Kenya and the wider African region.
Trump’s ‘very good’ talks with Iran buy him time with oil and energy markets
Tehran denied negotiations that delayed US strikes and Trump was vague on the details, but talks signal renewed push for peace from regional powersThere have been so many abortive rounds of diplomacy between the US and Iran – the latest appearing to be led by Pakistan after Washington has burned thr...
California sues Trump energy department over revival of controversial oil pipeline
Attorney general decries ‘outrageous federal overreach’ after government restarted pipeline closed over 2015 spillCalifornia attorney general Rob Bonta said he has sued the US energy department to stop it from using a cold-war era law to restart the long-disputed Sable Offshore pipeline system linki...
Stocks Bounce From Lows on Hopes for US-Iran Talks: Markets Wrap
Wall Street traders grappling with a range of possible outcomes for the war in the Middle East drove stocks away from session lows amid hopes for talks to end a conflict that keeps dragging on. Oil climbed.
The Memo: Trump looks for the off-ramp on Iran
President Trump seemed to begin a de-escalation of the war on Iran on Monday, sparking a relief rally in financial markets and sending the price of oil tumbling. But Trump did not dispel confusion over exactly what’s going on, nor did he erase deeper doubts about what comes next. It seems clear tha...
Positive effects on energy markets after delay of US strike on Iran
US President Donald Trump announced on Monday, March 23, a five-day delay in launching a military strike on Iranian energy […] The post Positive effects on energy markets after delay of US strike on Iran appeared first on Enab Baladi.
Oil Resumes Advance on Concern Middle East War May Escalate
Oil gained in a choppy session — paring a steep decline from Monday — on concern that the Middle East war may escalate, with flows of crude through the key Strait of Hormuz to global markets still choked off.
Dollar Declines as Trump Says Talks With Iran Underway
The dollar fell after US President Donald Trump said he would postpone strikes against Iranian energy targets, prompting energy prices to decline. The Bloomberg Dollar Spot Index declined 0.4% Monday in New York trading, reversing gains from earlier in the session when it touched the highest level s...
From basement startup to multi-million dollar brand
From basement startup to multi-million dollar brand
Washington Convenes High-Level Dialogue on Syrian Energy Restoration and Investment
The summit arrives at a moment of profound transition as Syria moves from the long shadow of conflict toward the early contours of structural stability, Ultra Syria writes. The post Washington Convenes High-Level Dialogue on Syrian Energy Restoration and Investment first appeared on The Syrian Obser...
GPA Creditors Tap Moelis as Adviser Amid Debt Restructuring
Local bondholders of GPA hired Moelis & Co as a financial adviser following the Brazilian supermarket chain’s decision to restructure its debt in an out-of-court proceeding, according to people familiar with the matter.
Trump administration will reimburse company for fossil fuel investment as it ditches wind
The Trump administration and French oil major TotalEnergies announced an agreement Monday under which the government would reimburse the company for oil and gas investments as the company abandons investments in wind power off the U.S. coast. The administration said in a press release that the compa...
US to pay almost $1bn to French energy company to kill wind project plan
Trump administration announces deal with TotalEnergies to redirect investment in wind to oil and gas insteadAs a fuel crisis triggered by the war in Iran drives up global fossil fuel prices, the Trump administration has announced it will pay French energy major TotalEnergies $1bn to kill plans to co...
Oil prices dip as Trump touts ‘productive’ talks with Tehran
Oil prices dipped Monday as President Trump touted what he described as “productive” talks with Iran. Oil prices actually dropped a few minutes prior to Trump’s Truth Social Post. International benchmark Brent crude was trading at about $102 per barrel on Monday, down from about $113 per barrel earl...
From Gulf conflict to kitchen costs
Concerns about shipping routes, particularly around the Strait of Hormuz, have heightened supply interruption fears
From Gulf conflict to kitchen costs
Concerns about shipping routes, particularly around the Strait of Hormuz, have heightened supply interruption fears
Private investigator in Prince Harry case says admissions in his name ‘a pack of lies’
Gavin Burrows said claimants in case against Daily Mail publisher ‘very misled’ over his workA private investigator whose disputed confessions of illegal activity form a key part of the case brought by Prince Harry and others against the Daily Mail’s publisher has said the admissions were “a thing o...
EU ‘at end of queue’ for Russian energy – Putin envoy
The EU risks becoming the last in line among buyers of Russian energy amid a widening global supply crisis, Kirill Dmitriev has warned Read Full Article at RT.com