Analysts say the upcoming Brics forum from September 12 to 13 could see parallel diplomacy amid a global energy crisis, driven by converging economic and strategic interests between India and China.
Severe drought and heatwaves across Central and Southeastern Europe have caused record-low water levels in the Danube, triggering a major energy crisis. Countries like Hungary and Romania face nuclear and hydropower generation cuts, forcing industrial production slowdowns, while others like Bulgaria remain resilient due to energy storage.
President Donald Trump announced new negotiations with Iran this week, but Iran’s foreign ministry denied talks and warned it may keep the Strait of Hormuz closed, threatening global oil supply and escalating tensions ahead of US midterms.
Record-low Danube water levels due to drought have forced Romania to use explosives to redirect cooling water to its Cernavodǎ nuclear reactor and Hungary to reduce output at its Paks plant, deepening fears of a regional energy crisis and increasing reliance on expensive power imports.
Hungary's Paks Nuclear Power Plant, supplying 40% of electricity, is shutting down due to record low Danube River levels caused by drought. PM Péter Magyar warns of an energy crisis, urging conservation as temperatures are forecast to exceed 40°C. The EU is monitoring.
Cuba's worsening energy crisis, exacerbated by US sanctions and halted Venezuelan oil exports, has led to frequent power cuts, disabling water pumping stations and leaving nearly 3 million Cubans without reliable access to water, forcing reliance on informal water economies.
China and Asean foreign ministers released a joint statement in Manila, addressing the ongoing energy crisis and the Middle East conflict, calling for a ceasefire and peaceful resolution, and welcoming US-Iran negotiations.
Kirill Dmitriev, Russian Presidential Special Representative and CEO of the Russian Direct Investment Fund, predicts humanity will witness the highest oil prices in history due to an impending energy crisis, as Brent crude surpassed $100 per barrel.
German Chancellor Friedrich Merz acknowledged that the country's prolonged energy crisis stems from the loss of Russian gas supplies, impacting industry with soaring costs. Germany's economy contracted, and the EU plans to fully ban Russian gas by 2027, despite mounting pressure from fuel prices.
Russian State Duma member Roza Chemeris attributes Germany's energy crisis and economic woes to its authorities' actions, stating Russia never provoked an energy blockade and always cooperated, despite Germany's past "blackmail" over Ukraine.
Yemen's Iran-aligned Houthis announced a maritime blockade on Saudi Arabia, threatening global energy markets already strained by Iran's Strait of Hormuz disruption. This escalates regional conflict, impacting critical Red Sea oil routes and potentially shutting down both major Middle East oil export routes simultaneously.
The International Energy Agency (IEA) warned that renewed fighting between the US and Iran could worsen the global energy crisis. Disruptions to production and exports, particularly through the Strait of Hormuz, have already impacted oil markets, and further escalation could complicate recovery efforts.
Estate agents are increasingly using AI to enhance property photos, leading to 'housefishing' where listings misrepresent reality. Buyers are complaining about misleading images, prompting concerns about trust and potential legal action under new consumer protection laws.
A cafe owner in Pilar, Bataan, Philippines, has installed a hybrid solar system to combat rising electricity costs and frequent blackouts. The move has improved business operations, allowing simultaneous use of equipment like roasters and ovens without power interruptions.
Cuba experienced its third nationwide power outage of the year on Monday, plunging its 9.6 million inhabitants into darkness. The state electricity company announced a total disconnection, citing unspecified reasons, while officials blamed US sanctions for exacerbating an energy collapse.
Cuba experienced its third nationwide power blackout this year due to dwindling fuel reserves and a crumbling electric grid, exacerbated by US "energy blockade" sanctions. The crisis, intensified by US actions cutting off oil from Venezuela, has led to widespread power cuts and social unrest.
Cuba's national power grid collapsed Monday, plunging around 10 million people into darkness. The nationwide blackout exacerbates the island's ongoing energy crisis, marked by frequent outages due to aging infrastructure and fuel shortages, with the government blaming US sanctions.
Bloomberg Economics forecasts elevated global interest rates until at least 2028, citing war in Iran and AI adoption as key drivers of inflation risks. The average key rate is projected to be 5.1% by end-2026.
Andy Burnham faces economic headwinds with high borrowing and debt, but falling energy prices and easing inflation offer potential relief. He must balance spending promises with fiscal rules and avoid tax speculation.
Facing an energy supply crisis, India is boosting domestic crude exploration by offering vast unexplored regions for bidding under the 'Samudra Manthan' initiative. The move aims to increase production to meet rising energy demands and global volatility, with significant funding for offshore drilling.
Tunisia's approval of five renewable energy concessions to foreign multinationals is criticized for deepening energy dependency and transferring public wealth, rather than solving the country's $3.8bn energy deficit. Critics argue for public control, domestic industrial capacity, and regional cooperation.
Cuba faces a severe energy crisis, leading to long blackouts. Wealthier Cubans and businesses invest in expensive solar power, while others resort to charcoal for cooking, creating a societal divide. Solar systems cost thousands, making them inaccessible for many.
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.
