Oil Prices Surge After US Seizes Iranian Tanker
Global oil prices surged overnight after President Trump announced the US Navy seized an Iranian cargo ship, with Iran closing the Strait of Hormuz in retaliation, threatening a fragile ceasefire.
Category : Energy
Gas Prices Could Stay High Until 2027, Energy Chief Admits
Energy Secretary Chris Wright has cautioned that gas prices may remain elevated for the rest of 2026, potentially not dropping until next year, despite hopes for a swift end to the Iran conflict.
Gas Prices May Not Drop Below $3 Until 2027, Says Energy Secretary
Chris Wright, the US Energy Secretary under Trump, stated that gasoline prices might not return to under $3 per gallon until 2027, as average costs soar to $4 amid the Iran conflict.
Offshore Energy Industry Launches Granite Resolve Security Exercise
The UK offshore energy industry is conducting 'Exercise Granite Resolve' to test responses to simulated threats from suspicious vessels, drones, and cyber attacks. The desktop exercise involves multiple agencies and follows reports of Russian submarine ac
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Oil Prices Jump Amid US-Iran Standoff in Strait of Hormuz
Oil prices have surged significantly in early trading following a standoff between the US and Iran that has blocked tankers from using the crucial Strait of Hormuz, disrupting global energy supplies.
Gas Prices Have Peaked But $3 Gallon May Wait Until Next Year
Energy Secretary Chris Wright says US gas prices have peaked and will decline, though returning below $3 per gallon may take until next year. Current national average exceeds $4.
Australian Fuel Prices Soar Due to Iran War and High Taxes
Australian drivers battle rising fuel prices from the Iran War, with taxes accounting for over a third of costs despite a temporary excise cut by the Albanese government.
Experts Share Five Ways to Cut Bills Before £200 Energy Hike
As a £196 annual energy price cap rise looms from July, five academics in sustainability and economics detail practical steps, from insulation to electrification, to reduce household costs and improve efficiency.
Global Oil Market Loses $50bn Since Iran War
Analysts report over $50bn in crude oil lost from global markets since the Iran war began 50 days ago, with 500m barrels disrupted—the largest energy supply shock in modern history.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Joyce Blames Climate Department for Australia's Fuel Insecurity
One Nation MP Barnaby Joyce has launched a scathing attack on Australia's climate change department, blaming it for the nation's fuel security crisis and calling for its immediate abolition.
Octopus Energy: Simple Boiler Change Saves £65
Octopus Energy advises households to adjust combi boiler flow temperature to 55-60°C, potentially saving £65 yearly. Combined with other tips, total savings could exceed £500.
Spring Habits That Push Up Energy Bills: How to Stop Them
Consumer champion Vicky Parry reveals five seasonal habits that can raise energy costs and offers tips to save money as prices may rise again this summer.
Gas Prices to Fall Slowly Despite Hormuz Strait Reopening
Oil prices plunged after the Strait of Hormuz reopened, but gasoline costs may take months to drop due to shipping delays, infrastructure damage, and lingering security concerns in the Persian Gulf.
Judge Blocks Turbine Maker From Exiting Offshore Wind Farm
A Massachusetts judge has temporarily prevented GE Renewables from withdrawing from the Vineyard Wind offshore project, citing critical installation phase risks.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Oil Tumbles 10% After Iran Opens Strait of Hormuz
Crude oil prices have dropped sharply after Iran announced the Strait of Hormuz is completely open, easing supply fears amid a ceasefire in Lebanon.
Oil Prices Fall After Iran Reopens Strait of Hormuz
Global oil and gas prices have dropped significantly following Iran's decision to reopen the Strait of Hormuz, easing supply fears. Brent crude fell to $78 per barrel, with analysts citing reduced geopolitical tensions.
Reeves to Raise Windfall Tax on Low-Carbon Electricity Generators
Chancellor Rachel Reeves announces a significant increase in the windfall tax on low-carbon electricity generators, aiming to fund green energy initiatives and address market imbalances.
EU Plans Jet Fuel Stock Release Amid Iran Crisis
The European Union is coordinating a release of jet fuel stocks to prevent flight cancellations and price hikes, as Middle East tensions disrupt supplies through the Strait of Hormuz.
EU to Release Jet Fuel Stocks to Avert Summer Travel Chaos
The European Union is preparing to coordinate a release of jet fuel reserves if Middle East supply disruptions continue, following warnings of flight cancellations and grounded aircraft.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Oil Prices Drop After Iran Reopens Strait of Hormuz
Oil prices plunged over 10% after Iran confirmed the Strait of Hormuz is open for commercial vessels during a ceasefire, with Brent crude falling to £88.27 a barrel.
Energy Bills to Rise by £196 in July, Lower Than Feared
British households face an average £196 annual increase in energy bills from July, with the price cap rising to £1,837, lower than earlier predictions of £332.
Oil Prices Crash 10% as Iran Opens Strait of Hormuz
Brent crude futures plummeted 11.2% after Iran's foreign minister announced the Strait of Hormuz is completely open for commercial vessels during the ceasefire period.
UK Energy Bills to Rise £196 in July, Lower Than Feared
British households face an average £196 annual increase on energy bills from July, with the price cap forecast to hit £1,837. While lower than initial fears, experts warn of ongoing volatility due to Middle East conflict.
Oil Prices Drop 10% as Strait of Hormuz Reopens
Oil prices fell sharply after Iran confirmed the Strait of Hormuz remains open for commercial vessels during the ceasefire, with Brent crude dropping 11.2%.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Fuel Prices Fall After 46 Days of Rises in UK
Petrol and diesel prices have decreased very slightly for the first time since the Middle East conflict began, though costs remain significantly higher than pre-war levels, with drivers paying an extra £1.3 billion.
UK Fuel Prices Drop After 46-Day Rise in Middle East Crisis
Petrol and diesel prices have decreased for the first time since the Iran oil crisis began, offering relief to drivers after weeks of continuous increases, though costs remain significantly higher than pre-conflict levels.
Trump Administration Cuts Federal Renewable Energy Support for Farmers
Analysis by AP and Grist reveals critical rural energy programs REAP and clean energy tax credits have been sharply rolled back, leaving farmers without federal support for renewable projects.
Energy Bills to Rise 12% in July, Lower Than Feared
Household energy bills are set to increase by 12% in July, a lower-than-expected rise due to volatile wholesale markets from the Iran war, with the cap forecast at £1,837.
Ofgem's 10 Tips to Cut Energy Bills by Hundreds Annually
Ofgem shares a practical checklist of 10 energy efficiency measures, from smart meters to shorter showers, that could save households over £300 per year on bills.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Reeves Eyes North Sea Tiebacks Amid Trump-Iran Energy Crisis
Chancellor Rachel Reeves is accelerating plans for North Sea oil and gas tiebacks to shield the UK from global price volatility, as IMF forecasts downgrade growth amid inflation fears.
Page 14 of 111
