Crude prices extended gains as traders weighed escalating attacks in the Persian Gulf and signs that President Donald Trump was contemplating an exit from the Iran conflict. Grouped from 3 articles across 2 sources.
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Crude prices extended gains as traders weighed escalating attacks in the Persian Gulf and signs that President Donald Trump was contemplating an exit from the Iran conflict.
This blog is closed – our live coverage continues on a new blog here Donald Trump is weighing a military operation to extract nearly 1,000 pounds (454kg) of uranium from Iran, the Wall Street Journal is reporting , citing unnamed US officials. The mission would likely put American forces inside the country for days or longer, the report says. But the president remains generally open to the idea, according to the officials, because it could help accomplish his central goal of preventing Iran from ever making a nuclear weapon. The combined effect of both waterways being shut to commercial traffic from countries that neither the Iranians nor Houthis favour would be devastating. Napoleon Bonaparte’s remark that “the policy of a state lies in its geography” has never seemed more apt. Continue reading...
Oil prices climbed on Monday after Yemen's Houthis said they had fired missiles at Israel, opening a new front in the U.S.- and Israeli-led conflict with Iran.
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The Middle East conflict has cut off 20 percent of the world's fuel supply. Countries are scrambling for alternatives.
Egypt seemed entirely insulated from the U.S.-Israeli war on Iran, but rising energy prices indicate otherwise
Tehran’s closure of Strait of Hormuz in response to US-Israeli strikes sparks biggest crude rally in decades
Government told to focus on transition to mix of wind, solar, tidal and nuclear energy More drilling in the North Sea would do nothing to improve the UK’s energy security, former military leaders have said, as a new…
There are concerns future governments could abuse broad powers that are designed to support companies to buy more fuel but could be used on any good facing supply-chain disruption.
Energy markets remain volatile as President Trump threatens Iran with an invasion to seize its oil while also suggesting a deal could soon end the war. Grouped from 5 articles across 4 sources.