Energy firms have said they are keeping the price of fuel under “constant scrutiny” after it rose amid the Middle East conflict. Iran warned vessels not to use the Strait of Hormuz, a crucial waterway through which 20% of the world’s oil and gas is transported after the US and Israel launched airstrikes on the
Energy firms in the Channel Islands say they are keeping the price of fuel under “constant scrutiny” after it rose amid the Middle East conflict. Iran warned vessels not to use the Strait of Hormuz, a crucial waterway through which 20% of the world’s oil and gas is transported after the US and Israel launched
The conflict in the Middle East has sent energy prices soaring, and for countries that import a high proportion of their fuel, it’s a reminder of the perils of energy dependence. As the recipient of almost 90% of Iran’s crude oil, China knows this only too well. Which partly explains why the country spent the
Canada’s clean energy transition is accelerating, but resilience must keep pace. As the world moves towards a low-carbon economy, renewable energy is no longer a distant ambition. It is the backbone of our collective future. Yet as we embrace this transformation, a critical question emerges: how resilient is the infrastructure powering Canada’s energy future? Recent
Clean, reliable and affordable energy is essential to mitigating climate risks and securing the future economic success of Europe. The energy transition is not simply a climate imperative — it is a strategic necessity for economic stability, national security, and long-term prosperity. But how prepared is the industry for the increasing physical impacts of climate
Russell Borthwick: urgent moment Chancellor Rachel Reeves had planned to announce an end to the energy profits levy in the Spring Statement but delayed a decision because of the Middle East crisis, it has emerged. At a meeting with industry leaders today Ms Reeves was told that action was needed quickly to avoid the loss
Respected experts Cornwall Insight says early signs are that Ofgem’s price cap for millions of households could jump back to £1,800 a year in July Worried households risk 10% jump in energy bills in July (Image: GETTY) Energy bills for millions of UK households risk surging by £160 to £1,800 a year in July because
Ipswich Borough Council have awarded a contract worth more than £100,000 to a company to complete energy performance certificates for them. Building and property company Compliance 100 were given the contract following a procurement process with the council evaluating on selection criteria of 60% price and 40% quality. The decision was made so that the
The US stock market plunged, bonds sold off, and energy prices continued to soar on Tuesday, in a sign that markets are increasingly alarmed by the escalating war on Iran after an earlier muted reaction. The S&P 500 was down 2.25 percent, and the tech-heavy Nasdaq Composite dropped 2.3 percent in early trading on Tuesday.
For years, policymakers reassured markets that the architecture of global energy security had grown stronger. Shipping routes were diversified. Strategic reserves were expanded. Renewable energy gained momentum. Major producers coordinated more closely to shield oil prices from geopolitical shocks. The system, many believed, had matured. Yet the recent U.S.–Israel strikes on Iran have shaken that