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Keywords: Middle East Conflict
The European Commission has proposed postponing certain methane-related obligations for fossil fuel importers by one year, seeking to ease pressure on European energy companies as prices rise and concerns grow over the reliability of global supplies. The proposal comes amid heightened uncertainty in......
US President Donald Trump has accused Yemen’s Houthi movement of seeking to push global oil prices higher ahead of the November 3 midterm elections, linking the group’s renewed attacks on Saudi Arabia to broader regional tensions and domestic economic pressures. In a statement published......
US President Donald Trump has played down the possibility that Russia and China are providing military assistance to Iran, arguing that direct involvement in the conflict would expose both powers to significant strategic risks. In a statement published Monday evening on his Truth Social platform, Trump......
European natural gas prices rose above $1,000 per 1,000 cubic metres on Tuesday, approaching their highest levels since late 2022 as geopolitical tensions in the Middle East continued to unsettle energy markets. By 3:40 p.m. Moscow time, gas futures on the Dutch Title Transfer Facility (TTF), Europe’s......
Tensions between Saudi Arabia and Yemen’s Houthi movement have intensified, with the Saudi-led coalition warning civilians to evacuate an oil facility near Sanaa and the Iran-aligned group threatening retaliatory attacks against Saudi infrastructure. The exchange marks a new escalation in a conflict......
The World Trade Organization (WTO) has upgraded its forecasts for global merchandise trade, citing stronger-than-expected investment in artificial intelligence (AI) and the ability of international supply chains to adapt to disruptions linked to the conflict in the Middle East. The revised outlook suggests......
The International Energy Agency (IEA) has backed efforts to accelerate the release of oil from strategic reserves, with member governments giving priority to diesel supplies as disruptions continue to put pressure on global fuel markets. The decision forms part of a collective emergency response launched......
The International Monetary Fund has warned that households around the world could face prolonged pressure on their purchasing power as the prices of essential goods remain elevated compared with other products. In a recent publication accompanying a new report, the IMF said a series of global shocks,......
Saudi Arabia faced a fresh wave of attacks on Monday as Yemen’s Houthi movement claimed strikes against Riyadh’s international airport, an Aramco refinery and several military and aviation facilities in the southern part of the kingdom. The escalation came as Turkey and Pakistan announced......