In a twist of wartime irony, the United States has moved to ease sanctions on Iranian oil to cool surging energy prices, a potential boon for Tehran.
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The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil 'if necessary' due to the Iran war, Executive Director Fatih Birol said Monday.
An existing energy crisis scenario allows the government to act directly in limiting prices, but this can only happen after an EU-level decision.
Energy crunch prompted by Iran war poses 'major threat' to global economy, Fatih Birol says. Grouped from 3 articles across 3 sources.
Stocks reverse losses and oil tumbles after US president says there have been ‘constructive’ talks with Tehran
Gold's recent move lower has second-order effects for the prospects of the firms that dig the metal out of the ground.
Any taxpayer-funded financial help will be likely to go to poorest households, rather than to everyone, PM indicates Ministers are looking at providing support for household bills next winter, Keir Starmer said, as he…