Tagged
38 articles
AI labs want racks and racks of compute. Europe can make the energy, but getting it where it needs to go is the problem. Grid operators are squeezing capacity with clever tricks, while long lead times for new lines and a swollen connection queue keep many data center plans on hold.
The International Energy Agency says a conflict centered on Iran has cut oil and LNG flows so sharply it eclipses the 1973 and 1979 crises plus the post-Ukraine gas shortfall. The agency urges quick action and reopening the Strait of Hormuz.
Recent strikes by Israel and Iran on oil and gas facilities have pushed global energy markets into crisis mode. Damage to major infrastructure, including the South Pars field and a Qatari LNG plant, could remove years of supply and drive prices and inflation higher.
The conflict in Iran has choked traffic through the Strait of Hormuz and sent global fuel prices higher. Energy-dependent countries in Asia are already seeing shortages, rationing and tougher living costs, while the UK faces rising bills and tight gas reserves.
With the Strait of Hormuz effectively blocked and the US temporarily easing sanctions, Russian crude has surged in value and found new buyers. Tankers are being rerouted, prices are spiking, and a shadow fleet is doing the heavy lifting. Here is how Moscow is cashing in and who else might profit.
On the 21st day of the conflict, Tehran vows harsher retaliation if energy sites are hit again, Israel hints at a possible ground phase, global fuel prices spike, and diplomatic tensions rise after a controversial White House remark.
Washington sent A-10s and Apache helicopters to push ships away from the shipping lane, after President Trump told Israel not to repeat attacks on Iran's gas infrastructure. Israel still struck Tehran, Iran rerouted tankers near Larak Island, and regional tensions have driven oil prices up.
A rapid series of strikes and missile launches has hit major oil and gas facilities across the Gulf, damaging Qatar’s LNG hub and putting global gas and oil markets on high alert.
QatarEnergy says attacks by Iran damaged two LNG trains and a gas-to-liquids unit, wiping out 17% of export capacity and forcing possible long-term force majeure on contracts.
Iran attacked energy sites in Qatar, including its main gas facility, saying it was responding to an Israeli strike on Iran's main gas field. Gulf ministers condemned the escalation and urged a halt to the fighting.
The conflict around Iran is already raising energy bills. Now food supply chains are showing stress, and the UN warns millions more could face acute hunger if prices keep climbing.
On day 20 the Israel-Iran war widened: Israel struck Iran’s South Pars gasfield, Iran launched missiles at Gulf energy facilities including Qatar’s Ras Laffan, senior Iranian figures were killed, and diplomatic and economic ripples reached the US and global markets.