global energy crisis Archives

Oil tanker in Strait of Hormuz amid rising global oil prices and Middle East conflict

Oil Prices Surge Past $115 as Trump Warns Energy Spike Is ‘Small Price’ Amid Iran Conflict

World Updates5 hours ago5 hours ago04 mins

Strait of Hormuz closure triggers global oil shock as Middle East tensions escalate Global oil markets have entered a period of intense volatility after crude prices surged past $115 per barrel, fueled by escalating geopolitical tensions following military strikes involving the United States and Israel against Iran. The dramatic rise in energy prices comes after…

Saudi Arabia condemns Iranian missile and drone attacks on Gulf states amid rising Middle East tensions

Saudi Arabia Condemns Iran Attacks on Gulf States, Warns Tehran of Serious Consequences

World Updates5 hours ago04 mins

Riyadh says regional stability and global energy security are under threat amid escalating Middle East conflict Rising tensions in the Middle East have intensified after Saudi Arabia strongly condemned Iranian attacks targeting Gulf states and warned that further escalation could ultimately cause the greatest damage to Iran itself. In an official statement, Saudi Arabia’s Foreign…