global energy markets
21 stories related to this topic, newest first.
thehindu.comUS and Iran remain in standoff over Strait of Hormuz
Shipping through the Strait of Hormuz has been severely reduced amid a diplomatic standoff between the United States and Iran. Talks between the two sides have stalled with no immediate resolution in sight. The waterway is a critical route for global energy shipments.
economictimes.indiatimes.comChina Calls for Swift Reopening of Strait of Hormuz
China's foreign minister urged the immediate reopening of the Strait of Hormuz following its closure. The call comes amid heightened tensions in the region that have disrupted global oil shipments. Officials have not detailed the circumstances that led to the strait being closed.
citizen.co.zaTrump and Xi Discuss Reopening of Strait of Hormuz
President Trump and Chinese President Xi Jinping met in Beijing on May 14, 2026, and agreed the Strait of Hormuz must remain open to support the free flow of energy. The White House said Xi expressed opposition to its militarization or any toll system and showed interest in buyin…
thehindu.comTrump Repeats Threat to Decimate Iran as Middle East Talks Stall
President Trump repeated his threat to decimate Iran unless it agrees to a nuclear deal as he arrived in China on Wednesday. U.S. negotiations to end the Middle East conflict have stalled with the two sides unable to agree on constraints for Iran's nuclear enrichment. Iran respon…
focustaiwan.twTaiwan Secures Natural Gas Supplies Through September
Taiwan has secured enough natural gas to last until September as it works to strengthen energy security. The island faces potential supply disruptions from the closure of the Strait of Hormuz, a critical route for global energy shipments. Officials are focusing on bolstering rese…
theweek.com13 Countries Condemn Israel's Interception of Gaza-Bound Flotilla as Clashes Continue Along Lebanon Border
Foreign ministers from Turkiye, Pakistan, Indonesia and 10 other nations denounced Israel's April 30 interception of the Global Sumud Flotilla in international waters off Greece. The coalition demanded the immediate release of detained activists. Separate incidents in southern Le…
The GuardianU.S. Average Gas Price Rises to $4.56 per Gallon
The national average price of regular gasoline climbed sharply over the past week to $4.56 per gallon, the highest level in four years, driven by the ongoing closure of the Strait of Hormuz. In California, prices exceeded $6 per gallon with one county reaching $7.28.
SemaforVenezuela's Oil Production and Exports Hit Highest Levels Since 2018
Venezuela's oil exports have hit their highest level since 2018 following a surge in crude production. This development comes after the U.S. captured former President Nicolás Maduro and installed a new leader open to private investment. Exports to India have risen considerably, i…
Al JazeeraIran Essential Prices Surge
Prices for food, medicine, cars and other goods are surging in Iran amid the ongoing war with the United States and Israel. The national currency hit a record low, jobs are disappearing, and global energy markets are disrupted by the conflict. Supreme Leader Mojtaba Khamenei urge…
Al JazeeraOPEC+ Increases June Oil Output by 188,000 Barrels Per Day
OPEC+ agreed to increase oil production targets by 188,000 barrels per day for June in its first meeting without the United Arab Emirates, which departed the group last week. The decision comes amid the ongoing U.S.-Israel war on Iran, which has closed the Strait of Hormuz since…
SemaforUAE Withdraws From OPEC
The United Arab Emirates has left OPEC, effective May 1, 2026, after announcing the decision on April 30. The move allows the UAE to set its own production limits, amid tensions over unrecognized capacity growth. Analysts say this weakens the cartel's influence on global oil pric…
ukdefencejournal.org.ukUSS Gerald R. Ford Returns After 300-Day Deployment
The USS Gerald R. Ford is set to end its record-breaking deployment and return to Virginia following operations in the Iran conflict. President Trump extended the naval blockade on Iran until nuclear talks advance, amid global energy disruptions boosting Russia's oil revenues. Uk…
Substrate placeholder — needs reviewUS Treasury Ends Sanctions Waivers for Iranian and Russian Oil Shipments
U.S. Treasury Secretary Scott Bessent announced the United States will not renew waivers allowing delivery of Iranian and Russian crude oil already loaded on tankers. The decision follows sanctions on a major Chinese refinery and Iran's shadow fleet. Additional measures include s…
azernews.azUS Crude Exports Reach Record Levels
US crude oil exports have surged to record highs following the onset of the Iran War, with weekly exports nearing 12.9 million barrels per day including petroleum products. This increase has positioned the United States close to becoming a net exporter of crude for the first time…
Substrate placeholder — needs reviewU.S. Intercepts 34 Vessels in Operation Targeting Iranian Oil Exports
A U.S. naval blockade on Iran, initiated more than ten days ago, has expanded to monitor all Iran-linked ships worldwide. The action follows Iran's blockade of the Strait of Hormuz, which handles over a fifth of global oil and gas exports. Iranian oil production could continue fo…
tass.comU.S. Continues Military and Economic Pressure on Iran Amid Negotiation Offers
President Trump stated Iran could contact the U.S. for negotiations following recent military actions. Defense Secretary Pete Hegseth defended the operations against criticism from Pope Leo XIV. The conflict has shifted to economic measures while impacting global energy markets.
Photo: Matthew Henry / UnsplashRenewables Surpass Coal in Global Electricity Generation in 2025: IEA, Ember
The United States and Israel have initiated a war against Iran, bottlenecking 20 percent of the world's oil and liquefied natural gas supply and upending global energy markets. Two new reports from the International Energy Agency and Ember highlight 2025 as a pivotal year for ren…
Responsible StatecraftUS-Iran Peace Talks Stall, Oil Prices Rise
Peace negotiations between the US and Iran have stalled, leading to rising oil prices and continued diplomatic efforts in Pakistan and Russia. Iranian officials blamed the US for the breakdown, while global markets face uncertainty from disrupted energy supplies. Analysts warn of…
SemaforUS-Iran Conflict Escalates into War of Attrition with Global Economic Impacts
The ongoing war between the United States and Iran has led to the closure of the Strait of Hormuz, disrupting global oil supplies. Iranian leaders have installed a new supreme leader amid airstrikes that killed Ayatollah Ali Khamenei. The conflict has depleted US arms stockpiles…
Substrate placeholder — needs reviewChina's Economy Expands 5% in Q1 2026 Despite Domestic Challenges and Global Energy Shifts
China's economy expanded by 5 percent in the first quarter of 2026, exceeding expectations despite disruptions from the conflict involving the US, Israel and Iran. Weak domestic consumption and a struggling property sector persist as challenges. Beijing continues heavy investment…
france24.comOil Prices Rise Following Strikes on Iran Amid Global Supply Dynamics
Oil prices have increased in response to recent strikes on Iran. This development has led to higher gasoline costs, affecting consumer prices broadly. The oil market features multiple global suppliers, which typically allow for price stabilization after initial spikes, unlike rar…