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The Latest Breaking News from IEA

How long can the EU’s oil reserves last?

The 400 million barrels of oil released by the International Energy Agency — of which 92 million barrels were contributed by 20 EU countries — could last about five months, according to analysts. The bloc also relies on storage reserves.

Euronews

Oil Whipsaws $30 in 24 Hours as Trump Vows to 'Hit Iran Extremely Hard'

Oil prices swung nearly $30 in 24 hours as Trump's primetime speech vowed to hit Iran 'extremely hard,' reversing ceasefire-driven losses.

International Business Times UK

Drive slower, work from home and ditch the tie: the world responds to Iran war energy crisis

Oil crisis triggered by blockade of strait of Hormuz prompts emergency measures to protect supply and halt rising prices

The Guardian - UK

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Trump will address the nation about the Iran war on Wednesday. Here’s what to expect

Oil analysts warn April will be the cruelest month yet for energy prices, and a presidential speech may not be enough to change that.

Fortune

Stopgap measures aren't enough to halt rising gas prices as the world scrambles for more oil

Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war

The Independent UK

Fuel Crisis Deepens in Northern Ireland as Stations Run Dry and Prices Surge

UK petrol and diesel prices spike amid Middle East conflict, with fears of shortages and rising costs impacting consumers and businesses.

International Business Times UK

What the Oil Market Is Telling Us Right Now About Energy and Gas Prices

There's no let-up in demand for oil and gas, so what happens if the war in Iran continues to constrain supplies? Consumers and investors should take note.

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Oil Prices Could Hit $200 as Experts Warn Hormuz Closure Past Mid-April Triggers Full-Blown Global Fuel Crisis

The global fuel crisis worsens as the Strait of Hormuz remains closed, causing oil prices to surge. Analysts warn of possible $200 per barrel prices, affecting global markets and consumer costs.

International Business Times UK

‘Tempolimit? Nein, danke!’: why German petrolheads won’t slow down – despite the energy crisis

Driving fast is in ‘the German DNA’, say lovers of the speed-limit free Autobahn, but support in the country for a restriction is growing

The Guardian - UK

IEA Reveals 10-Point Plan to Ease Oil Costs Amid Middle East Supply Crisis – Here's the List

The IEA's 10-point emergency plan aims to reduce oil demand amid the Middle East conflict's historic supply disruption, potentially lowering prices and impacting commuters and businesses worldwide.

International Business Times UK

Southeast Asia revisits nuclear power plans for AI data centers Iran war disrupts energy supplies

Nuclear power is getting a second look across Southeast Asia to prepare for surging demand for power for artificial intelligence-focused data centers

The Independent UK

Mark Zandi warns recession odds are creeping toward 50%, and the Iran war could launch us into economic turmoil by midyear

As oil steadily climbs above $100 per barrel and Iran rejects a U.S. peace proposal, Moody’s chief economist says recession odds are only getting worse.

Fortune

Asia braces for ‘Covid-like’ crisis as impacts from Iran war fuel shortage widen

Petrol stations run dry as countries take measures to reserve energy amid uncertainty over ongoing Middle East crisis

The Independent UK

Seven charts that reveal how unprepared Australia was for the fuel crisis

Disruptions to Middle East oil shipments have rippled along the world’s longest supply chain through Asia – and there’s no knowing when the pressure will ease

The Guardian - AU

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The Independent UK

UK drivers hit with £307m fuel bill after Trump’s Iran war as diesel price climbs to three-year high

Inflation fears as petrol prices soar – but Reeves says no help yet for millions facing higher energy bills

International Business Times UK

The Oil Crisis You Haven't Heard About: Why Vietnam, Bangladesh, and the Philippines Face an Energy Emergency

The US-Israel-Iran conflict impacts global oil markets, causing fuel shortages in Southeast Asia. Discover how Vietnam, Bangladesh, and the Philippines manage the crisis and its effect on supply chains and oil prices.

Evening Standard

Drivers do not need to slow down or change how they buy fuel – minister

Michael Shanks insisted British drivers did not need to change their habits, despite suggestions from the International Energy Agency.

The Guardian - UK

‘We consider every mile we drive’: how fuel shortages are affecting readers worldwide

From a shop owner in India to a community worker in New South Wales, rising fuel prices are forcing people to ration oil usage

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The Guardian - UK

A war and maybe an unprecedented depression: it’s Trump’s mania, but now all of us will pay the price

It has been possible to observe this presidency in abstract terms, but no more. The consequences of the Iran attack will affect our lives and our politics, says Guardian columnist Polly Toynbee

Fortune

The Iran oil crisis is the worst energy shock ever recorded. World leaders aren't ready, says IEA chief

IEA executive director Fatih Birol broke a three-week silence with a fresh warning, raising fresh alarms over the deepening global energy crisis.

The Times of India

'No direct talks, buying time': What Iran has said on Trump's claims

President Trump on Monday claimed "productive" talks with Iran, suggesting a potential deal. However, Iranian authorities denied any negotiations, accusing the US of using diplomacy as a cover for military action. Trump announced a five-day pause on strikes against Iranian energy infrastructure, citing ongoing discussions, while military actions continued on…

Euronews

Portugal edges closer to declaring energy crisis as gas prices surge

An existing energy crisis scenario allows the government to act directly in limiting prices, but this can only happen after an EU-level decision.

The Guardian - UK

First Thing: Iran war energy crisis equal to 70s twin oil shocks and Ukraine invasion fallout, IEA chief says

Fatih Birol says effects on energy markets not initially understood by world leaders. Plus, feminist magazine reclaims Charlie Kirk-style campus tours

The Independent UK

World heading for energy crisis ‘worse than 70s oil shocks and Ukraine combined’

IN FULL

The Independent 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

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