‘Please, please, please’: Denmark urges citizens to avoid driving as oil prices spike
[ad_1] Gasoline prices at a Uno-X gas station in Copenhagen, Denmark, on March 9, 2026. Nurphoto | Nurphoto | Getty Images Denmark’s energy minister urged citizens of the Scandinavian country to cut back on energy use and ditch cars as the price of oil continues to skyrocket amid the Middle East conflict. Lars Aagaard, Denmark’s […]
Three more ships struck in the Persian Gulf as Iran warns of oil prices hitting $200
[ad_1] Commercial vessels are pictured offshore in Dubai on March 11, 2026. AFP | Getty Images Three more foreign ships were struck in the Persian Gulf overnight, authorities said, as attacks intensify on vessels sailing through or near the strategically vital Strait of Hormuz. The latest incidents come after three separate vessels sustained damage in […]
The Iran war is pushing up European energy prices. Here’s why a Ukraine-style inflation shock could still be avoided
[ad_1] The energy price shock that followed Russia’s invasion of Ukraine four years ago is fresh in the minds of European policymakers as the conflict in Iran once again drives oil and gas prices higher. Experts, however, think this time could be different. Fears of a full-blown energy crisis on that scale — which saw […]
Iran war: Trump says he’s not worried about domestic terror attack
[ad_1] U.S. President Donald Trump speaks to the media next to White House press secretary Karoline Leavitt, at the White House in Washington, D.C., U.S., March 11, 2026. Brian Snyder | Reuters President Donald Trump on Wednesday said he’s not worried about Iran executing a terror attack within the United States in retaliation for the […]
IEA agrees to release record 400 million barrels of oil to address Iran war supply disruption
[ad_1] In an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on October 19, 2022 in Freeport, Texas. Brandon Bell | Getty Images News | Getty Images The International Energy Agency on Wednesday agreed to release 400 million barrels of oil to address the supply disruption triggered by the […]
Cargo ship struck by a projectile in the Strait of Hormuz, UK says
[ad_1] Naval units from Iran and Russia carry out to simulation of rescue a hijacked vessel during the joint naval drills held at the Port of Bandar Abbas near the Strait of Hormuz in Hormozgan, Iran on February 19, 2026. Anadolu | Anadolu | Getty Images A cargo ship in the Strait of Hormuz has […]
‘Forever war’: Democrats rebut Trump’s assertion that Iran war nearing end
[ad_1] Sen. Elizabeth Warren, D-Mass., from center left, Sen. Chris Coons, D-Del., Sen Jon. Ossoff, a D-Ga., and Sen. John Hickenlooper, D-Colo., during the State of the Union address in the House Chamber of the Capitol in Washington, Feb. 24, 2026. Al Drago | Bloomberg | Getty Images Senate Democrats on Tuesday rebutted President Donald […]
Oil tankers transiting Strait of Hormuz ‘must be very careful,’ Iran foreign ministry warns
[ad_1] Oil tankers passing through the Strait of Hormuz “must be very careful,” the spokesman for Iran’s Ministry of Foreign Affairs warned on Monday. The spokesman, Esmail Baghaei, also defended Iran’s attacks on Gulf States, telling CNBC that targeting “military bases and assets” belonging to the United States in the region is “legitimate under international […]
‘Sky is the limit’: Analysts warn oil prices could surge further
[ad_1] Women members of Iran’s Red Crescent society stand near smoke plumes from an ongoing fire following an overnight airstrike on the Shahran oil refinery in northwestern Tehran on March 8, 2026. – | Afp | Getty Images Analysts warned on Monday that there was no precedent for the surging price of oil, as the […]
Iran’s strategic oil island thrust into the spotlight as Middle East conflict escalates
[ad_1] A support vessel maneuvers near the crude oil tanker ‘Devon’ as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran, on Mar. 23, 2018. Ali Mohammadi | Bloomberg | Getty Images Iran’s Kharg Island, a small but strategically vital strip of […]