What Would a Permanent ‘Tehran’s Tollbooth’ on Oil Mean for the World?
Iran’s peace plan proposes a $2 million toll per tanker—about $1 per barrel—for ships transiting the Strait of Hormuz. The charge would add roughly $7 billion a year to global oil costs and could keep Brent crude near $100 per barrel through 2027. Although modest compared with the $3 trillion‑valued oil market, legal disputes under UNCLOS and U.S. sanctions may deter Western carriers from paying. The revenue would help rebuild Iran’s war‑damaged economy and fund the IRGC’s reconstruction efforts.
European Stock Markets Fall and Oil and Gas Prices Jump 5% as Strait of Hormuz ‘Chaos’ Worries Investors – Business...
European equities slipped on Monday as renewed chaos in the Strait of Hormuz reignited geopolitical risk, pulling the FTSE 100 down 0.4%, the German DAX 1.3% and Italy’s FTSE Mib 1.1%. Oil prices rebounded sharply, with Brent climbing 5% to $95.60 a...
Democrat Ro Khanna to Introduce Bill to Stop US Gasoline Exports Amid Iran War
California Democrat Ro Khanna plans to introduce legislation that would temporarily ban gasoline exports when U.S. prices surge. The proposal comes as the U.S.-Israeli conflict with Iran drives historic fuel price spikes. Khanna argues that keeping gasoline at home can lower...
Helium: The Invisible Gas that Powers AI, and Why It’s in Short Supply – Podcast
Helium, essential for MRI, particle accelerators, deep‑sea diving and AI hardware, faces a tightening global supply. The Guardian podcast highlights how the gas powers cooling systems in AI data centers and why production bottlenecks have resurfaced. Historically fragile supply chains...
The UK Needs More North Sea Gas; Imports From the US Are the Real Enemy | Nils Pratley
The UK will meet this summer’s gas demand but faces a longer‑term shortfall as domestic North Sea output declines. Analysts at Wood Mackenzie warn that, without new drilling, US liquefied natural gas could supply more than 60% of Britain’s gas...
Truckie Boss Says ‘People Are Getting Desperate’ as Siphoned Diesel Seen as Sign of ‘Dire’ Crisis
Truck owner Madilyn Lostroh in Queensland discovered diesel siphoned from a truck, highlighting growing desperation as fuel prices soar. Wholesale diesel hit a record 320 Australian cents per litre (≈ $2.10 USD), with retail around 319 cents. While police data show only...
Is Australia Headed for a Recession? I Hope Not - but the RBA Should Be More Worried | Greg...
Greg Jericho argues that Australia is not in a recession yet, but rising oil prices and lingering inflation keep the Reserve Bank of Australia (RBA) on edge. A recent dip in oil prices after Donald Trump’s remarks temporarily eased pressure,...
Blink and Miss: Trump’s Tactic of Threats First and U-Turn Later Is Proving Stale in Iran War
President Trump threatened to bomb Iran's civilian power grid, sending Brent crude above $112 a barrel and spiking U.S. stock futures before abruptly reversing the order and postponing the strike. The sudden policy flip caused the S&P 500 to jump...
Japan to Begin Biggest-Ever Oil Release From National Reserves as Middle East Energy Crisis Bites
Japan will tap the largest ever portion of its strategic oil stockpiles, releasing 80 million barrels – enough for 45 days of domestic demand – as the US‑Israel war on Iran threatens tanker traffic through the Strait of Hormuz. The move...
‘We Consider Every Mile We Drive’: How Fuel Shortages Are Affecting Readers Worldwide
The US‑Israel conflict in Iran has choked the Strait of Hormuz, cutting off roughly one‑fifth of global oil flow and pushing barrel prices to about $100. The disruption has triggered severe LPG shortages in India and driven paraffin heating‑oil costs...
We Can Tell You Who Will Really Get Rich From This Oil Crisis – and How We Can Stop Them...
Oil prices have surged above $100 a barrel, up from $60 earlier this year, as the Hormuz Strait bottleneck intensifies amid the US‑Israeli conflict with Iran. The spike mirrors the 2022 oil‑gas crisis, prompting governments to adopt emergency measures like...
UK Mortgage Rates Jump, and Petrol Prices Rise, Amid ‘Trumpflation’ Worries; Oil Price Falls as Bessent Says US Is Letting...
UK mortgage rates edged higher on Monday, with the average two‑year fixed rate climbing to 5.20% and the five‑year rate to 5.25%, reflecting market expectations that the Bank of England will keep policy tight. At the same time, pump prices...
Oil Prices Rise After Trump Claims US ‘Totally Demolished’ Iran’s Kharg Island Export Hub
U.S. forces struck Iran’s Kharg Island, a hub handling about 90% of Tehran’s oil exports, prompting a sharp rally in crude markets. Brent crude jumped 1.8% to $104.98 per barrel, pushing oil above $100 for the first time since the...
Oil Company Shares Soar to All-Time Highs as Middle East War Turbocharges Price per Barrel
Shares of the world’s oil super‑majors have surged to record levels following the US‑Israeli strike on Iran, driving oil prices above $117 a barrel. In the two weeks since the conflict began, the combined market capitalisation of the six listed...
Countries Must Seek Energy Independence Through Renewables and Nuclear, Says John Kerry
Former US secretary of state John Kerry warned that the recent oil price surge caused by the war in Iran underscores the security risks of dependence on fossil fuels. He called for countries to achieve energy independence by accelerating deployment...