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Keywords: Energy crisis
In Havana, prolonged power cuts have become a defining part of daily life as Cuba’s worsening energy crisis leaves residents struggling with heat, water shortages and unreliable access to basic services. For Frank Alfonso, a 39-year-old resident of the Cuban capital, sleeping on the roof of his......
Cuban authorities are working to restore electricity across the island after a nationwide power grid failure plunged millions of residents into darkness, marking the third major blackout to strike the country this year. The collapse of the national electricity network on Monday left almost 10 million......
Wael Sawan, chief executive of Shell, has warned that the blockage of the Strait of Hormuz is driving a severe shock across global energy supply chains. The disruption comes amid escalating tensions involving Iran, the United States, and Israel, which have destabilised one of the world’s most critical......
The European Central Bank is preparing to raise interest rates for the first time in nearly three years as inflationary pressures intensify across the eurozone. The move comes as policymakers respond to weakening growth and persistent price increases linked to energy market disruptions. The eurozone......
Cuba’s ongoing energy crisis is placing increasing pressure on the country’s education system, raising concerns among educators and international observers about its long-term impact on students and academic institutions. Frequent power outages, fuel shortages and transportation difficulties......
More than 439,000 applications have already been submitted in France for government assistance aimed at “heavy drivers” who are heavily impacted by rising fuel costs, according to official figures released on Sunday by government authorities. The support scheme, designed to help workers......
Japan and South Korea are grappling with mounting shortages of naphtha, a petroleum product widely used in plastics, industrial chemicals and printing inks, as the prolonged closure of the Strait of Hormuz continues to disrupt energy supply chains across East Asia. The supply crunch, triggered after......
Asian currencies are under increasing pressure as rising global oil prices trigger concerns about a wider financial and economic shock across the region. Several Asian economies, particularly major oil-importing countries, are facing significant currency depreciation as energy costs climb and global......
Three supertankers have carried around six million barrels of crude oil through the Strait of Hormuz in a single day, marking the largest recorded movement of oil cargo since the outbreak of the conflict involving the United States, Israel, and Iran in February 2026. The shipment was bound for Asian......