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The Latest Breaking News from Fatih Birol

US Stocks Continue Downtrend, Gold Records Largest Weekly Decline Since '83 After Trump's Hormuz Ultimatum

International Energy Agency director believes that the fallout from the Middle East war is equivalent to the two major oil crises of the 1970s and the 2022 gas crisis 'put together.'

International Business Times UK

World facing worse energy shock than 1970s oil crisis and Ukraine war combined, says IEA chief

Fatih Birol says world leaders underestimating impact war in Middle East will have on energy prices

The Independent UK

Newsletter: Hungary accused of briefing Moscow on sensitive EU talks

Also today: The results from a nail-biting parliamentary election in Slovenia and French muncipal runoffs considered a political litmus test a year before a pivotal presidential ballot.

Euronews

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Gas, property lobbies fire up over proposed tax reform

More than three in five Australians want the government to slug gas companies with a 25 per cent export tax, as prices soar due to the war in the Middle East.

AAP

IEA: Global economy faces ‘major, major threat’ because of Iran war

War in the Middle East has 'severely' damaged more than 40 energy assets across nine countries, said the head of the International Energy Agency, as he warned of deepening risks to the global economy.

Euronews

International Energy Agency head says global economy faces ‘major, major threat’ because of Iran war

The head of the International Energy Agency head says the global economy faces a “major, major threat” because of the Iran war

The Independent UK

Afternoon Update: IEA chief warns oil shock worse than 1970s crises combined; ABC staff to strike; and a ‘feline Oscars’ star

International Energy Agency executive director, said world leaders had not properly understood the consequences of the strait of Hormuz’s closure

The Guardian - AU

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US-Iran war latest: Tehran calls US peace talk claims ‘fake news’ as Trump sets new deadline to end war

Donald Trump says the US and Iran have held talks about a ‘total resolution of hostilities’

The Independent UK

Strike in Iraq reportedly kills seven fighters – as it happened

This blog is closed

The Guardian - AU

Work from home and slow down on the road: world’s energy watchdog advises emergency measures as oil prices rise

IEA makes 10 recommendations to help households and businesses prepare for a drawn-out disruption to energy markets

The Guardian - AU

IEA to consider release of more oil reserves as Iran war keeps prices high

Head of world’s energy watchdog says it will take time for markets to recover from ongoing crisis in strait of Hormuz

The Guardian - UK

FTSE 100 ends higher as oil price gains moderate

Nato and other Western allies pushed back on US President Donald Trump’s demand that military alliance members help reopen the Strait of Hormuz.

Evening Standard

IEA Releases 400 Million Barrels from Reserves to Ease Energy Prices

The International Energy Agency released 400 million barrels of oil from reserves to stabilize global energy markets disrupted by the Strait of Hormuz crisis.

International Business Times

IEA announces historic oil reserve release amid Iran war

It would be the largest joint release in the International Energy Agency's history.

Axios

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The Independent UK

Largest-ever emergency oil release approved to address Iran war crisis and global supply fears

It’s a larger stock than the 182.7 million barrels that were released in 2022 in response to Russia’s full-scale invasion of Ukraine

The Times of India

Fuel crisis: Major UAE oil refinery shut after drone attack; global energy body calls 'emergency meeting'

A major UAE oil refinery halted operations following a drone attack, intensifying fears of a global energy crisis. The International Energy Agency is convening an emergency meeting to assess supply risks and consider releasing strategic oil reserves. Escalating attacks on Gulf energy infrastructure are causing severe disruptions across various industries,…

Euronews

Seven EU ministers ask Commission to keep rules on energy pricing and invest more in clean power

Energy ministers from Denmark, Finland, Latvia, Luxembourg, the Netherlands and Portugal are concerned that the EU executive might change market rules, claiming the decision would undermine investments in clean power. Fears for the future of the bloc's carbon market are also growing.

Euronews

'Electrifying everything' is key to Europe's future, IEA chief tells Euronews at Davos

The International Energy Agency (IEA) chief told Euronews that safeguarding the continent's energy security and reaching climate goals will be dependent on electrifying "everything" — from energy infrastructure, to transport and buildings.

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Barchart

Our Top Technical Strategist Explains How to Invest in the 'Age of Electricity'

From data centers to battery storage, here’s the investment megatrend you need to know for 2026.

Euronews

Rising electricity demand drives urgent need for diverse, resilient energy, IEA says

Renewable energy, led by solar power, will grow faster than any other major source in the next few years, the annual outlooks says.

The Independent UK

Diverse and resilient energy production is needed to meet future demand, global report says

Electricity demand will rise much faster than overall energy growth in the coming decades, underscoring the need for diversified energy sources and supply chains, That's according to a new report by the International Energy Agency

The Guardian - UK

Global renewable energy generation surpasses coal for first time

Record solar expansion and steady wind growth driving world’s shift away from fossil fuels in 2025, report finds

Saving Advice

Rising Heat, AI Boom, and an Aging Grid Could Keep Your Power Bill Climbing

Soaring summer heat, an explosion of AI data centers, a crumbling electrical grid, and a shrinking pool of skilled workers are all driving up electric...

International Business Times

Global Oil Demand To Dip In 2030, First Drop Since Covid: IEA

Global oil demand will fall slightly in 2030, its first drop since the 2020 Covid pandemic, the International Energy Agency said Tuesday.

The Independent UK

Report: World's supply of critical minerals for clean energy is concentrated in fewer countries

The world’s supplies of critical minerals are increasingly concentrated in just a few countries - most notably China - and subject to export restrictions that could painfully crimp industry and the shifter to greener ways of making things based on electricity instead of fossil fuels

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