Are Higher Energy Prices Here to Stay?
Targeting oil and gas infrastructure in the Persian Gulf threatens to hurt businesses and customers around the world for months or even years.
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Sweden suspends visas for Iranian diplomats, warns of more action
Sweden has stopped issuing and renewing short-term visas for some Iranian embassy staff in Stockholm following the execution of a dual national, in a move its foreign minister said was “just the beginning” of further action.
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Blockade Iran’s Oil
How the United States can end Iran’s control of the Persian Gulf.
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BlackRock Warns USD 150 Oil Could Trigger Global Recession
Larry Fink, chairman and CEO of BlackRock, the world's largest asset manager with USD 14 trillion in assets, warned that if oil prices reach USD 150 a barrel, the global economy could face a severe recession. Speaking to the BBC, Fink said ongoing threats from Iran could keep energy costs elevated, with ? profound consequences?
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‘Massive betrayal’: Iranian nationals with valid tourist visas blocked from entering Australia for six months
Tony Burke says decisions about permanent stays should be ‘deliberate decisions of the government, not a random consequence of who booked a holiday’ Iranian tourists will be banned from entering Australia for the next six months after the home affairs minister, Tony Burke, triggered tough new immigration laws over concerns visitors may not be able to return to Iran. The ban could apply to more than 7,000 Iranians with valid tourist visas – though some may still be given the chance to enter the country under special consideration. Continue reading...
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Iran says will 'absolutely' continue charging vessels for Hormuz passage
Iran says will 'absolutely' continue charging vessels for Hormuz passage Iran's foreign ministry spokesperson Esmail Baghaei said it will “absolutely” continue charging countries and vessels fees for safe passage through the Strait of Hormuz, as the key shipping route remains heavily restricted. “A series of measures is in place for passage through the Strait of Hormuz due to the war situation imposed on Iran,” Baghaei said in an interview with India Today. The comments signal Tehran’s intent to control access to the vital waterway, amid ongoing conflict in the region.
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Iran to allow 'non-hostile' ships through Hormuz, excludes US-linked vessels
Iran to allow 'non-hostile' ships through Hormuz, excludes US-linked vessels Iran has told the International Maritime Organisation it will allow “non-hostile” shipping to pass through the Strait of Hormuz, while excluding vessels linked to the United States, Israel and other countries it accuses of aggression, the Financial Times reported. The policy was outlined in a letter circulated to member states. The move comes as threats of missile, drone and mine attacks have disrupted traffic through the vital waterway, which carries about a fifth of global oil and gas supplies.
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Nifty reclaims 23,000, Sensex rises 800 pts on US Iran truce hopes; Brent crude oil dips below USD 100
Mumbai (Maharashtra) [India], March 25 (ANI): The domestic equity markets continued their rebound on Wednesday, opening in the green as investor sentiment improved amid reports of a possible truce between the United States and Iran. The Nifty 50 opened at 23,064. 40, gaining 152 points or 0.
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Union Agriculture Minister Shivraj Singh Chouhan to convene high-level meeting on fertiliser supply amid West Asia crisis
New Delhi [India], March 25 (ANI): In response to the growing challenges posed by the ongoing crisis in West Asia, Union Agriculture Minister Shivraj Singh Chouhan is set to convene a high-level meeting on Wednesday to review the fertiliser supply and allocation across the country.
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Pakistan on edge as Iran-US tensions spark fears of economic crisis
Karachi [Pakistan], March 25 (ANI): As tensions escalate between Iran and the United States, serious concerns are emerging over the potential fallout on Pakistan, with experts warning of severe economic and social consequences if negotiations fail.
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US-Iran conflict to hit Q4FY26 earnings, supply chain restoration may take 1-2 months: Report
New Delhi [India], March 25 (ANI): The ongoing US-Iran conflict is expected to impact corporate earnings in the fourth quarter of FY2026, with the effect likely to extend into the first quarter of the next financial year, according to a report by Emkay Research. The report stated that supply chain disruptions caused by the conflict will take time to normalise, even after the reopening of the Strait of Hormuz.
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World facing biggest disruption to energy supplies in history, Canadian minister says
World facing biggest disruption to energy supplies in history, Canadian minister says Canadian energy minister Tim Hodgson on Wednesday said that the world is facing the biggest disruption to energy supplies in history, the Financial Times newspaper reported. Hodgson said that his country’s producers are in an ideal position to meet customers’ needs for alternative supplies. “It hasn’t been clear in such a long time how important energy security is to our national security and our allies’ national security.
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Reopening Strait of Hormuz key to cooling global oil prices: American Petroleum Institute CEO
Houston (Texas) [US], March 25 (ANI): Mike Sommers, CEO, American Petroleum Institute, said that reopening the Strait of Hormuz is critical to stabilising global oil and gas prices amid the ongoing US-Israel-Iran conflict. He highlighted the growing impact of supply disruptions on global energy markets.
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Shell CEO says fuel shortages may reach Europe next month
Shell CEO says fuel shortages may reach Europe next month Shell CEO Wael Sawan warned Europe could face fuel supply shortages as early as next month if the war involving Iran continues. He said the disruption is spreading across regions as energy markets tighten. “It’s a ripple effect,” Sawan said, adding that shortages have already affected parts of Asia and could soon reach Europe.
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Oil Prices Tumble 6% as Trump Shows Eagerness to Talk to Iran
Investors reacted to signals of possible de-escalation of the war in the Middle East.
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Oil drops over 5% after Trump proposes talks with Iran
Oil drops over 5% after Trump proposes talks with Iran Oil prices dropped more than 5 percent after US President Donald Trump sent a delegation to Iran, raising hopes of an end to nearly a month of war, AFP news agency reported. Brent crude fell close to 6 percent to $98. 30, while US benchmark West Texas Intermediate dropped about 5 percent to $87.
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Philippines declares state of national emergency amid energy disruptions
Philippines declares state of national emergency amid energy disruptions Philippine President Ferdinand Marcos Jr. declared a state of national energy emergency, warning of an “imminent danger” to the country’s energy supply. The measure, set to last one year, aims to address disruptions caused by the conflict in the Middle East and the closure of the Strait of Hormuz.
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Iran Says ‘Non-Hostile’ Ships Can Sail Through the Strait of Hormuz
Ships with no ties to Israel or the United States would be allowed to pass, the government said, but it was unclear if any vessels would try.
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No levy on Hormuz Transit, claims 'baseless': Shipping Ministry
New Delhi [India], March 24 (ANI): The Shipping Ministry on Tuesday rejected reports of any proposed toll or levy on vessels transiting the Strait of Hormuz, terming such claims 'baseless' and reaffirming that the key maritime passage is governed by international conventions ensuring freedom of navigation.
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The Cascading Damage of Rising Oil Prices
How high do oil prices need to climb before the global economy breaks? On “The Ezra Klein Show,” Jason Bordoff, an energy policy expert, tells Ezra Klein why a prolonged energy shock could force a devastating choice between economic activity and basic survival for the world’s poorest nations.
