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Shell CEO Warns Europe Faces Fuel Shortages by April Amid Middle East Crisis
BusinessbloombergThe Guardiantimes-uk+10hotnewsjutarnji-listdanasklix-ban1-bihnaftemporikimeta-mkDaily Sabah+2 more2mo ago13 sources

Shell CEO Warns Europe Faces Fuel Shortages by April Amid Middle East Crisis

Shell CEO Wael Sawan has warned that Europe could face fuel shortages and rationing as early as April due to the deepening crisis in the Middle East, with the Dutch government now debating measures to provide energy bill and fuel price relief to its citizens.

IEA announces record oil stockpile release over Iran supply disruptions
BusinessAPReutersBBC+73bloombergNYTwsjFTwapoThe GuardianAl Jazeerayle-uutiset+65 more2mo ago76 sources

IEA announces record oil stockpile release over Iran supply disruptions

The International Energy ​Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the US-Israeli war with Iran, with the US contributing the bulk of the supply.

US and Iran Exchange Fire in Strait of Hormuz
WorldBBCbloombergNYT+82FTle-mondewapoThe GuardianNPRAl Jazeeradr-dkFox News+74 more17d ago85 sources

US and Iran Exchange Fire in Strait of Hormuz

US and Iranian forces exchanged fire in the Strait of Hormuz, leading to accusations of ceasefire violations from both sides. This escalation intensified tensions in the region and caused oil prices to jump.

Hormuz Disruption Worsens; Iran Sets New Shipping Conditions, Oil Prices Fluctuate
WorldReutersbloombergle-figaro+24SCMPFrance 24vgdie-pressepublicodeloThe Independentindex-hr+16 more2mo ago27 sources

Hormuz Disruption Worsens; Iran Sets New Shipping Conditions, Oil Prices Fluctuate

The Middle East conflict continues to cause significant volatility in global energy markets and broader economic slowdowns. Western powers are struggling to secure shipping in the Red Sea, and the Strait of Hormuz remains a treacherous battleground, with Iran setting new conditions for passage, banning US, Israel, and their allies. Oil prices have fluctuated as Iran stated 'non-hostile' ships can pass, though vessel transits remain significantly reduced.