Fatih Birol

Southeast Asia’s energy ministers are meeting this week to discuss regional energy security against the backdrop of supply disruptions caused by the US-Israel war on Iran

Diesel falls sharply as EU considers releasing 50mn barrels under pressure from Trump

EU countries in crisis talks over release of diesel stocks

European Union nations have spent over an extra $113.5 billion on energy imports since the Iran war began, forcing politicians to seek alternatives to fossil fuels as prices skyrocket

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Iran’s Foreign Minister Abbas Araghchi on July 24 condemned U.S. President Donald Trump’s pledge to use frozen Iranian assets to cover potential damage to ships and cargo in the Strait of Hormuz from military strikes

The latest projects come as regional oil producers attempt to shield their economies from a conflict that has reshaped global energy markets since the United States and Israel launched military operations against Iran earlier this year

Yemen fighting and Houthi shipping attacks deepen strain on oil markets

The latest projects come as regional oil producers attempt to shield their economies from a conflict that has reshaped global energy markets since the United States and Israel launched military operations against Iran earlier this year

Yemen fighting and Houthi shipping attacks deepen strain on oil markets

Shipping dwindles, India bars seafarers and Pakistan pushes for renewed diplomacy

The funding was announced during a virtual meeting on clean cooking in Africa convened by IEA and Kenya, where leaders reviewed progress made since the last summit and outlined priorities ahead of the next gathering later this year

Hopes of a lasting deal to end the war have risen, but the political situation can change quickly as too can the effect on personal budgets

Prospects for a peace deal between the United States and Iran is raising hopes for Korean firms to participate in postwar reconstruction efforts in the Middle Eastern country, with opportunities spanning the construction, energy and consumer electronics sectors

Indian vessel 'Nanda Devi' carrying liquefied petroleum gas (LPG) arrives at Vadinar Port in the Jamnagar district of Gujarat state on March 17, 2026 after Iran allowed it to pass through the Strait of Hormuz, a key energy corridor that remains disrupted by the Middle East war

Presidential adviser Anwar Gargash urged Tehran not to overplay its hand in the stop-start negotiations during the Middle East war's fragile ceasefire

As much as 80% of IEA’s collective reserves have not been released

2 sides exchanging messages and draft texts, deal 'very close': Iranian official

Middle East diplomacy remained on edge as Pakistan’s army chief prepared to visit Tehran amid renewed mediation efforts between Iran and the United States

Earlier this week, Pakistani Interior Minister Syed Mohsen Naqvi travelled twice to Tehran, where he held meetings with Iranian President Masoud Pezeshkian and other senior officials

Emergency US oil reserves hit near two-year low amid global supply shock

As much as 80% of IEA’s collective reserves have not been released

Move aims to stabilise crude markets, curb China stockpiling and aid energy-poor states

The West Texas Intermediate, the U.S. benchmark, showed a similar behavior at the same time

Tehran moves to draft new regulations for key waterway as oil flows dwindle

Germany's largest airline, Lufthansa, expects to take on 1.7 billion euros (nearly $2 billion) in additional fuel costs this year, as the Middle East conflict poses "enormous challenges."

Iran supreme leader vows 'new' Hormuz rules, promises to favour Gulf neighbours

The European Central Bank is expected to hold interest rates steady again on Thursday as policymakers weigh concerns about higher inflation triggered by the Middle East war against worries about weakening growth

The European Central Bank is expected to hold interest rates steady again on Thursday as policymakers weigh concerns about higher inflation triggered by the Middle East war against worries about weakening growth

June contracts for Brent crude had already hit a wartime high, but jumped above $125 per barrel, up more than 12%, as of 12:39 a.m. ET Thursday

The pipeline of new power coming online in the US is overwhelmingly green this year, too, with 93% of all electricity capacity added in 2026 set to come from solar, wind and batteries

Forbes contributors publish independent expert analyses and insights

Fatih Birol, the executive director of the International Energy Agency (IEA), also said that, despite pressure, the UK should forgo much of its potential North Sea expansion

Pricing lag limits how much of fuel surge airlines can recover

The two economic powerhouses are now locked in a fierce scramble over limited available supplies, mainly from Russia and, to a lesser extent, Saudi Arabia

There are growing concerns that the economic fallout from the current conflict in the Middle East will push Gulf nations — who collectively provided more humanitarian aid than the US last year — turning away from foreign assistance

The warning was issued April 13 at the IMF and World Bank spring meetings in Washington, where the three agencies' leaders met as a coordination group established earlier in the month

Since Chernobyl, Ukraine has lived in the shadow of nuclear disaster

Trump Extends Iran Truce and Keeps Blockade as Talks Falter

Dr Warwick Powell is an adjunct professor at Queensland University of Technology

About 75% Europe's jet fuel supply comes from the Middle East

Jet Fuel Shortages Threaten Widespread Flight Disruptions

About 75% Europe's jet fuel supply comes from the Middle East

Several airlines have cut flight routes in the United States and increased baggage fees following soaring fuel costs amid the ongoing war in Iran

Several airlines have cut flight routes in the United States and increased baggage fees following soaring fuel costs amid the ongoing war in Iran

It remains off limits to shipping, prompting the International Energy Agency (IEA) to warn that Europe faces possible shortages in six weeks

Italy needs 'stable and continuous production' of renewable energy