Global stock markets slump amid Iran war as gas and oil prices rise
FTSE 100 on track for its worst day in 11 months, while Japan’s Nikkei and South Korea’s Kospi also fall
· Juliakollewe, Graemewearden
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Newest first · UTC+10:00India, Europe feel fuel crunch as Gulf gas supplies disrupted amid war
Indian companies have reduced natural gas supplies to industries in anticipation of tighter supply from the Middle East after top global producer Qatar halted liquefied natural gas (LNG) production, as European gas prices have jumped further by more than 30 percent since the launch of the US-Israeli war on Iran.
· Al Jazeera
Iran says no radiation leak after Natanz strike
Iran’s Atomic Energy Organisation says the latest attack on the Natanz nuclear facility did not cause any radioactive leakage.
· Middleeasteye
IAEA confirms fresh damage at Iran’s Natanz site
The International Atomic Energy Agency says satellite imagery shows new damage at Iran’s underground Natanz Fuel Enrichment Plant.
· Middleeasteye
Mideast war exposes fragile oil, gas dependency
PARIS, France — As in 2022 when Russia invaded Ukraine, the new war in the Middle East is exposing once again how far Europe and others lag in replacing imported fossil fuels with domestic solar and wind power, specialists say.
· Agence France-Presse
Fire contained at UAE oil zone after drone interception
Authorities in the Emirate of Fujairah in the United Arab Emirates have put out a fire sparked by debris from a drone intercepted by air defence systems in the Fujairah Oil Industry Zone, the emirate’s media office said on Tuesday.
· Middleeasteye
Oil prices surge as Iran vows to attack ships in Strait of Hormuz
Oil prices have risen sharply again after Iran’s Revolutionary Guard Corps on Monday said it would fire on any ships trying to pass through the Strait of Hormuz.
· AfricaNews
China backs Iran nuclear rights, urges talks
China has reiterated its support for Iran’s “legitimate right to the peaceful use of nuclear energy” while calling for an end to US war and a return to negotiations.
· Middleeasteye
Chris Bowen urges motorists not to panic-buy petrol as oil prices jump amid Iran conflict
Energy minister says ‘there is no need to rush to the service station and fill up’ as treasurer urges consumer watchdog to monitor for price gouging
· Tom Mcilroy, Patrick Commins
Gulf states take the fight to Iran as missiles target oil, gas and trade
The UAE, Qatar and others had a plan for staying out of a US-Iran war. It relied on the assumption that Iran would leave them out of it too
· Tom Hussain
Oil climbs for third day over Israeli-US war on Iran
Oil prices continued to rise for a third consecutive session on Tuesday as the expanding US-Israeli war with Iran and mounting threats to traffic through the Strait of Hormuz intensified concerns over supply disruptions from the Middle East.
· Middleeasteye
The narrow strait of water putting oil prices and freight costs on the brink
The Iranian Revolutionary Guard Corps has threatened ships seeking to pass through the Strait of Hormuz. (ABC News Graphics)
· Jasper Wells
Thailand issues arrest warrants for South African couple in US$30 million fraud case
Ben Smith and his wife reportedly tricked their victim into investing millions in stocks, real estate, a private jet and energy businesses
· Agence France-Presse
Europe counts the cost as Iran war disrupts energy shipments
Analysts urge EU to accelerate green energy transition and reduce reliance on fossil fuel imports
· Xiaofei Xu
Exploding gas bottles trigger industrial fire in Geelong's north
Topic:Industrial Accidents and Incidents
SK On to spotlight ESS, robotics tech at InterBattery 2026
SK On said Tuesday it will participate in InterBattery 2026, the nation’s largest battery exhibition, to be held March 11-13 at Coex in southern Seoul, showcasing next-generation technologies spanning energy storage systems, robotics and advanced cell design.
· Lee Han-gyoul
Trae Young ejected from Wizards’ loss — days before he will finally play game for them
Trae Young gave Wizards fans a taste of his “energy” and “competitiveness” when he got ejected from a game he wasn’t even playing in Monday night.
· Christian Arnold
Drone strike on key Qatari plant reignites global gas crunch fears
A drone strike on a critical Qatari energy hub has sent global gas prices surging, handing a potential windfall to some of Australia’s largest liquefied-gas exporters but reigniting worries of spiking energy costs reaching households and pushing up inflation.
· Nick Toscano
Petroleum products excise tax suspension pushed
MANILA, Philippines — Sen. Joseph Victor Ejercito renewed his call for the immediate passage of a bill mandating the automatic suspension of excise taxes on petroleum products if the Dubai crude oil price exceeds $80 per barrel.
· Bernadette E. Tamayo
Asian shares extend losses on fears over energy supplies
The S&P 500 fell as much as 1.2% Monday and finished with a gain of less than 0.1%. The Dow added 0.1%, and the Nasdaq composite rose 0.4%.
· Yuri Kageyama
Smart Energy Week 2026 Opens in Tokyo, Bringing Together 1,600 Exhibitors to Unveil the Next Wave of Energy Transition Innovations
TOKYO, March 3, 2026 /PRNewswire/ -- Smart Energy Week Spring 2026, one of the world's largest exhibitions for renewable energy, clean power technologies and next generation energy systems, will open at Tokyo Big Sight from March 17 to 19. The exhibition brings together the latest global energy technologies and serv…
· PRNEWSWIRE
H3 Energy boosts WA Warro gas case with new engineering review
Independent reservoir engineering work has provided H3 Energy with greater confidence that its long-debated Warro gas field in the North Perth Basin could still contain some proper lungs.
· Bill McConnell
Oil risk premium due to Mideast conflict may push PH inflation near 4%
MANILA, Philippines — Renewed geopolitical risk premiums stemming from the escalating Middle East conflict could push Philippine headline inflation toward 4 percent in the coming months, an analyst said, as higher oil prices threaten to add to existing price pressures.
· Niña Myka Pauline Arceo
Govt prepares fuel subsidy for public transport drivers if oil hits $80 per barrel
MANILA, Philippines — The Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) are preparing the necessary documentation for the possible release of fuel subsidies to public utility vehicle (PUV) operators and drivers once global oil prices reach $80 per barrel, Tr…
· Franco Jose C. Baroña
Strait of Hormuz impasse squeezes world shipping
PARIS, France — With few captains willing to brave the Strait of Hormuz as war rages around the Gulf, companies will have to do business without one of the world's most vital shipping lanes, especially for oil and gas.
· Agence France-Presse
Iran threat to ‘enemy oil lines’ raises fears over BTC pipeline
An adviser to the commander of Iran's Islamic Revolutionary Guard Corps (IRGC) on Tuesday said Tehran would target what he described as the enemies’ oil supply lines and would not allow oil exports from the region to continue.
· Middleeasteye
Govt. to secure oil supplies from outside Middle East amid possible closure of Hormuz strait
The government said Tuesday it will push for securing oil supplies from outside the Middle East in response to the possible closure of the Strait of Hormuz amid ongoing US and Israeli strikes on Iran, while stressing that South Korea has sufficient oil reserves.
· Yonhap
Trump hit Iran — but he’s really got China in his crosshairs
With Kharg Island, Iran’s main oil-export terminal, in flames after Saturday’s US-led attack, China’s energy lifeline is going up in smoke.
· Steven W. Mosher
Satellite images show destruction at huge oil refinery, Iranian nuclear facility
Newly released satellite imagery shows the aftermath of an Iranian drone attack targeting one of the world's largest oil refineries.
· Jonathan Hair
‘Live’ chance of interest rate hike at March RBA meeting amid oil price spikes affecting inflation, governor says
Michele Bullock not ‘making a prediction’, but cites rise in oil prices due to attacks on Iran and tight labour market as factors in possible cash rate rise
· Patrick Commins
Newsom blames Trump for soaring gas prices in California in rambling attack
Gov. Gavin Newsom warned of further spikes in gas prices for “potentially months” — blaming President Donald Trump’s strikes on Iran for high gas prices alongside California’s increasing reliance on foreign oil.
· Annie Gaus
'Tax on households' coming for Aussies due to Iran war
The Reserve Bank has cautioned it remains too early to tell what the economic impact of the war in Iran will be, even as surging petrol prices deliver another hit to inflation-weary households.Speaking at the Australian Financial Review's Business Summit in Sydney this morning, RBA Governor Michele Bullock was chara…
· Daniel Jeffrey
Brace for THOUSANDS more in energy costs — unless Albany fixes NY’s insane climate law
Critics, including us, have been warning that New Yorkers’ energy costs are about to soar even higher, thanks to the state’s insane 2019 climate law.
· Post Editorial Board
How gen alpha's fascination with Asian culture will shape Australia's future
The theme of this year's BrisAsia festival is energy and momentum. (Supplied: BrisAsia)
· Ashwin Segkar
NY gas prices could soar by $2.23, Hochul warns — as she tries to delay controversial green energy mandates
New York’s green policies could cost you lots of green.
· Vaughn Golden, Greg Carlton, Matt Troutman
Post-Khamenei turmoil puts China’s energy security at risk
Keep independent journalism alive
· Jeff Pao
How a new law could lower the price of gas in California and here’s by how much
As gas prices in California continue to climb amid escalating tensions with Iran and the state’s transition to summer-blend fuel, a state lawmaker is proposing a temporary pause on the gas tax to provide relief to drivers.
· Zain Khan
Perú declara emergencia en suministro de gas natural para consumo interno tras deflagración en ducto
LIMA (AP) — Perú declaró el lunes una emergencia en el suministro de gas natural por 14 días para dar preferencia a los domicilios, comercios y transporte público que usan este combustible luego que la víspera se suspendió el transporte de gas tras detectarse una fuga y posterior llamarada en el gasoducto más import…
US markets see-saw as investors keep close eye on Iran war
Major US indexes recover after falls earlier in the day amid concerns of rising gas prices
· Lauren Aratani
How major US stock indexes fared Monday, 3/2/2026
Oil prices leaped on worries that war with Iran could clog the flow of crude, while U.S. stocks swung from sharp losses to small gains.
· The Associated Press
California gas prices rocket as state’s vulnerability is exposed by Iran conflict
Analysts are warning that oil prices in California could spike as the US engages in an all-out war with Iran, with tensions continuing to rise in one of the largest oil-producing nations in the Middle East.
· Zain Khan
Gas prices cross $3 gallon for first time since November — and Americans could face more pain at pump
Average US retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict in the Middle East worsened, setting up a key test of public approval of President Trump’s decision to attack Iran, analysts said.
· Reuters
SL’s fuel supply secure – CPC - DailyNews
Ceylon Petroleum Corporation (CPC) Chairman Janaka Rajakaruna said that Sri Lanka’s fuel supply remains secure despite regional tensions. He clarified that finished oil products, including petrol and diesel, are not sourced from the Middle East (ME), meaning the ongoing conflict will not result in domestic shortages…
· Gayan Abeykoon
California GOP lawmakers are incensed over a gas tax study. Rural groups say they need it
Traffic moves on the Golden Gate Bridge as seen in San Francisco, Dec. 23, 2025. (AP Photo/Jeff Chiu, file)
World oil prices rise sharply - DailyNews
Oil prices have risen sharply, and stocks have slid as United States and Israeli attacks on Iran and retaliatory strikes against Israeli and US military installations in the Middle East have disrupted the global energy supply chain.
· Gayan Abeykoon
Why Calif. gas prices are set to rocket — and it’s not to do with Iran
California drivers are facing yet another new reason why gas prices are on the rise this spring — and it has nothing to do with the US-Israeli airstrikes in Iran or oil production cuts.
· Zain Khan
No indication Iran nuclear installations hit: IAEA - DailyNews
Iran’s Ambassador to the International Atomic Energy Agency (IAEA) Reza Najafi said the key nuclear site Natanz had been attacked, without specifying further.
· Gayan Abeykoon
How escalating Iran conflict is driving up oil and gas prices – a visual guide
A near-halt to shipping in strait of Hormuz and attacks on Middle East refineries are threatening supplies and stoking inflation
· Rob Davies, Lucy Swan, Harvey Symons, Heidi Wilson, Seanclarke
Europe divided and on edge as US-Israeli attacks on Iran ripple across the continent
Cyprus hit, oil prices jump and EU leaders clash over legality, regime change and Washington’s role in the widening conflict
· Finbarr Bermingham
Strikes on Iran throw spanner in the works for inflation as oil price surges
Many countries rely heavily on oil from the Middle East. (Reuters: Raheb Homavand)
· Ian Verrender