# energy markets
Latest news and articles about energy markets
Total: 17 articles found
Assassination of Ali Larijani Triggers Iranian Retaliation and Stark Escalation Across the Middle East
Iran confirmed the killing of Supreme National Security Council secretary Ali Larijani in an airstrike, prompting the IRGC to launch a major missile campaign against Israeli targets and warnings of attacks on Gulf petrochemical sites. The incident removes a senior, experienced Iranian operator from the political landscape and risks prolonging and regionalising the conflict, with immediate consequences for security and global energy markets.
Washington Readies Targeted Easing of Venezuela Oil Sanctions to Calm Global Market
The US plans to issue more individual licences to allow foreign firms to operate in Venezuela’s oil sector, aiming to raise crude production and cool a price surge linked to conflict around Iran. The move is targeted rather than a full sanctions lift, balancing the need for additional supply with continued political leverage over Caracas.
Strike on Khark Island Deepens US–Iran Standoff and Risks a Global Energy Shock
US airstrikes on Khark Island amid Iran’s intensified ‘‘Real Promise‑4’’ campaign have deepened a dangerous standoff that pits American caution against Israeli belligerence. Because Khark is central to Iran’s oil exports, attacks there risk provoking broad proxy retaliation across the Gulf and a global energy shock.
Iran’s New Supreme Leader Vows Revenge and Threatens Renewed Blockade of the Strait of Hormuz
Mujtaba Khamenei’s first statement as Iran’s supreme leader vows revenge for his predecessor’s killing, renews the threat to blockade the Strait of Hormuz, and urges neighbouring states to close US military bases. The mix of maritime threats, strikes on foreign bases, and economic reprisals raises the probability of regional escalation and immediate disruptions to global energy markets.
A 'Very Small Price': Oil Tops $100 as Middle East Fighting Sends Markets Into Risk Mode
Renewed fighting involving the U.S. and Israel against Iran pushed international crude futures above $100 a barrel for the first time since mid‑2022, as traders priced in supply‑risk and shipping disruptions. President Trump described the economic fallout as "a very small price" for security, highlighting the political calculus that will shape responses from producers, consumers and allies.
Oil Tops $100 as Middle East Escalation Tests Global Markets — Trump Calls Spike a 'Very Small Price'
Oil futures briefly topped $100 per barrel after US and Israeli military action against Iran pushed a new geopolitical risk premium into markets. Former president Trump described the price spike as a "very small price" for global security, a stance that highlights the political trade‑offs behind energy market shocks.
Attack on Thai Freighter in Strait of Hormuz Raises Fresh Alarms for Global Shipping
A Thai cargo ship was attacked and set aflame in the Strait of Hormuz on 11 March; 20 crew were rescued and taken to Oman. The incident underscores continuing maritime security risks at a key oil transit chokepoint and could drive higher insurance costs, rerouting and calls for enhanced naval protection.
Trump Declares Iran War 'Basically Over' as Oil Markets Whipsaw and Tehran Names New Supreme Leader
President Trump declared the US‑led campaign against Iran "basically over," citing widespread destruction of Iranian military assets after strikes on over 3,000 targets, a claim that coincided with wild swings in Brent crude. Iran named Mujtaba Khamenei as its new supreme leader as the Strait of Hormuz remains closed, keeping energy markets and diplomatic tensions on edge.
Iran Says It Controls Strait of Hormuz After Shelling Dozens of Tankers — Risk of Wider Disruption Looms
Iran’s IRGC has claimed full control of the Strait of Hormuz and said more than a dozen tankers were hit and burned after warnings to avoid the waterway. The declaration, carried by Iranian state media and reported internationally, raises the prospect of major disruption to global oil flows and could prompt naval and diplomatic responses that risk escalation.
Iran Strikes Al Udeid; Qatar Suspends LNG as Gulf Security Frays
Iran has conducted a third day of missile and drone strikes focused on the Al Udeid U.S. air base in Qatar, prompting QatarEnergy to suspend LNG production after two energy facilities were hit. Doha has declared a national emergency posture, and the attacks risk both a regional security escalation and disruption to global gas markets.
Iran’s Revolutionary Guards Warn They Will Destroy Vessels Attempting to Transit the Strait of Hormuz
Iran’s Islamic Revolutionary Guard Corps has warned it will destroy ships attempting to transit the Strait of Hormuz, a key energy chokepoint. The declaration raises immediate risks to shipping, energy markets and regional security, and could prompt increased naval deployments and higher insurance and freight costs.
Tehran Hit Again as US–Israel Campaign Enters Third Day, Raising Risk of a Wider Middle East War
A concentrated US‑ and Israeli‑led military campaign against Iran entered its third day as Tehran suffered fresh strikes and Iran retaliated with missiles and drone attacks on Israeli and US‑aligned targets. The confrontation has closed the Strait of Hormuz, disrupted energy shipments and sent prices spiking, while raising the prospect of a protracted regional war.