
Iran's control over the vital waterway has led to significant drops in oil and gas transit, impacting various countries from Europe to Asia and the Americas.
AI-generated summary
Fears of fuel shortages are materializing globally as Iran's control over the Strait of Hormuz has drastically reduced oil and gas transit. Several countries are now experiencing shortages, impacting aviation, transportation, and daily life.

Europe faces a critical winter with gas storage at 13-year lows, triggering market volatility. Analysts warn of potential price spikes above €100/MWh as the UK and EU struggle with supply constraints and competition for global liquefied natural gas.

The UK government must decide whether to re-approve the Rosebank and Jackdaw oil and gas fields following a court ruling. The decision pits energy security needs against net-zero climate commitments, with calls for carbon capture mandates and a transition roadmap.

Onshore windfarm planning applications in England have hit a ten-year high after the government removed a 2015 de facto ban. Data shows monthly capacity submissions rose from 9MW to 36MW, though projects remain smaller on average compared to those in Scotland.

A Common Wealth report proposes government-issued 'solar bonds' to provide low-interest loans for home solar installations. The scheme aims to make renewable energy affordable for lower-income households by reducing interest rates and attaching repayments to property bills.

The UK's reliance on cross-border electricity interconnectors faces scrutiny as extreme weather and political tensions in Europe threaten supply security. While technical systems remain functional, experts warn that energy nationalism could undermine future stability.

Proposed new coalmining projects increased global supplies by 2.5bn tonnes in 2025, an 11% rise driven largely by India, even as overall startup of new mines fell and renewables expanded.