US and Iran have electronically signed a preliminary agreement, a memorandum of understanding (MoU), to be officially signed in Switzerland. The deal aims to de-escalate regional tensions and focus on Iran's nuclear program, kicking off 60 days of negotiations.
UN climate chief Simon Stiell highlighted the "fossil fuel cost crisis" at Bonn climate talks, urging a faster transition from fossil fuels due to economic instability. While a "coalition of the willing" pushes for a phaseout, some nations, particularly oil producers, remain resistant, complicating UN negotiations.
The US and Iran have announced a preliminary agreement to end their conflict, potentially resolving the global energy crisis. The deal aims to reopen the Strait of Hormuz, a vital oil and gas route, which has been closed since February 2026, impacting global prices and supply.
The US and Iran have announced a preliminary agreement to end their conflict, potentially resolving the global energy crisis. The deal aims to reopen the Strait of Hormuz, a vital oil shipping route, which was closed by Iran in February 2026, causing significant oil supply disruptions and price hikes. While the agreement offers hope, experts caution that restoring normal energy flows will take months due to damaged infrastructure and logistical challenges.
President Trump halted a planned attack on Iran after requests from Saudi Arabia, UAE, and Qatar. Oil prices fell, but fears of a prolonged energy crunch persist due to the Strait of Hormuz blockade, impacting airlines and global inflation. US markets saw a tech sell-off, with Meta planning layoffs.
TSMC backs renewables during record demand for energy-hungry chip manufacturing.
Across much of India, an energy crunch caused by the Iran war has prompted long queues for cooking gas cylinders. That is not a problem for Gauri Devi. On a stove with blue flames, she flips a chapatti flatbread, burning biogas produced from cow dung – an alternative fuel helping ease pressure on supplies. “It cooks everything,” the 25-year-old said in her courtyard kitchen in Nekpur, a village in Uttar Pradesh, about 90km (55 miles) from New Delhi. “If the pressure goes down, we let it rest for...
Across much of India, an energy crunch caused by the Iran war has prompted long queues for cooking gas cylinders. That is not a problem for Gauri Devi. On a stove with blue flames, she flips a chapatti flatbread, burning biogas produced from cow dung – an alternative fuel helping ease pressure on supplies. “It cooks everything,” the 25-year-old said in her courtyard kitchen in Nekpur, a village in Uttar Pradesh, about 90km (55 miles) from New Delhi. “If the pressure goes down, we let it rest for...
Negotiations between Asean and China for a South China Sea code of conduct remain stalled, despite a year-end deadline set by the Philippines. Officials express cautious optimism about finalizing the agreement during the current Philippine chairmanship.
