4 results for "oil and gas"
Middle East crisis could cost world $1tn while oil firms make ‘obscene’ profit, analysis finds
Climate group calls for urgent windfall tax on excess fossil fuel profits, as delegates tell Colombia conference their nations are suffering The Middle East oil and gas crunch will impose as much as a…
U.S. appears cool on Iran proposal to end war and reopen Hormuz without a nuclear deal
National gas price averages hit a new high amid the war of $4.18 on Tuesday, while the international benchmark price for oil reached a three-week high above $111 a barrel.…
Iran to reopen Strait of Hormuz if US lifts blockade, reports claim
Despite an ongoing ceasefire, the US and Iran are locked in a standoff over the Strait of Hormuz, through which a fifth of the world’s oil and gas trade passes in peacetime.…
UK faces higher prices for eight months after war in Iran ends, says minister
Darren Jones suggests cost of energy, food and flights will remain high after de-escalation and Hormuz strait reopens The UK faces higher prices for food and fuel for at least eight months after the w…