'A tax on households': Economists warn Middle East war to spike oil
Analysts say disruptions to the passage of oil through the Strait of Hormuz pose a risk to global growth. (Reuters: Stringer/File Photo)
· Stephanie Chalmers
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Newest first · UTC+10:00Lee, Singapore PM discuss ways to boost economic ties in bilateral summit
President Lee Jae Myung held summit talks with Singaporean Prime Minister Lawrence Wong on Monday and discussed ways to expand cooperation in artificial intelligence, nuclear energy and other areas.
· Yonhap
Iran strikes day 3: markets open with sharp sell-off in futures and Asian shares
Oil prices have surged dramatically amid rising fears of a broader escalation in the Middle East after the attacks by the US and Israel
· Holly Chik
Oil price surges, stocks drop on Iran conflict
TOKYO, Japan — Oil prices soared and stocks fell in Asia on Monday on the back of turmoil in the Middle East after US and Israeli strikes on Iran, with the vital Strait of Hormuz effectively shut and several ships attacked.
· Agence France-Presse
All fuel prices to increase for 7th straight week
MANILA, Philippines — Local oil companies announced on Monday that all fuel prices would go up for the seventh consecutive week due to the conflict in the Middle East.
· Ed Paolo Salting
Hong Kong stocks fall alongside Asian equities as gold, oil jump on Iran war
Shares of Chinese oil producers and gold miners rise in tandem with crude and bullion prices
· Zhang Shidong
Oil prices jump as Iran war threatens shipping through strait of Hormuz
Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruption
· Callum Jones
OPEC+ agrees oil output boost even as US war on Iran disrupts shipments
OPEC+ agreed a modest oil output boost of 206,000 barrels per day for April on Sunday just as the US-Israeli war on Iran and Tehran's retaliation disrupted oil flows from key members of the producer group in the Middle East.
· Reuters
US and Israeli attacks on Iran shake world markets
Snow falls outside the New York Stock Exchange, Monday, Feb. 23, 2026, in New York. (AP Photo/Seth Wenig)
Lee set for summit talks with Singapore PM
President Lee Jae Myung is set to hold summit talks with Singaporean Prime Minister Lawrence Wong on Monday, with the two leaders expected to discuss ways to expand cooperation in artificial intelligence, nuclear energy and other areas.
· Yonhap
Oil surges 13 percent after US-Israeli war on Iran
Oil prices jumped 13 per cent at the start of trading on Monday, as markets reacted to US and Israeli strikes on Iran and mounting fears of serious disruption to global crude supplies.
· Middleeasteye
US petrol prices surge above $3 as Iran war rattles oil markets
Petrol prices across the United States are set to rise above $3 per gallon on Monday for the first time in more than three months, as the US-Israeli war on Iran disrupts global oil flows and jolts energy markets.
· Middleeasteye
OPEC+ agrees to boost oil output even as US war on Iran disrupts shipments
OPEC+ agreed on a modest oil output boost of 206,000 barrels per day for April on Sunday just as the US-Israeli war on Iran and Tehran’s retaliation disrupted oil flows from key members of the producer group in the Middle East.
· Reuters
Gavin Newsom is destroyed for outrageous gas price tweet: ‘Not a flex’
Gov. Gavin Newsom has been put in his place by the US gas industry after he tried to “flex” on President Donald Trump over gas prices — as he presides over the country’s highest per-gallon prices.
· Anthony Blair
Live: Iran strikes set to rattle markets, oil and gold prices jump, Wall Street banks fall on credit quality fears
The outbreak of war in the Middle East appears poised to rattle global markets, with investors likely to seek safe havens such as gold. Meanwhile, oil prices are expected to come under pressure as shipping through the region is severely disrupted.
· Stephen Letts
OPEC+ boosts oil production after attacks on Iran and throughout region
NEW YORK (AP) — Eight countries that are part of the OPEC+ oil cartel announced Sunday they will boost production of crude as U.S. and Israeli forces launched a major attack on Iran and the country responded with retaliatory strikes against Israel and U.S. military installations around the Gulf, disrupting oil shipm…
· Cathy Bussewitz
Morning Mail: calls for talks as waves of missiles target Iran; scrutiny on ‘less lethal’ police projectiles; Australia’s energy hungry datacentres
Want to get this in your inbox every weekday? Sign up for the Morning Mail here, and finish your day with our Afternoon Update newsletter
· Paul Gallagher
QR based fuel quota if panic buying continues - Deputy Minister - DailyNews
The Government may be compelled to re-introduce the QR-based fuel distribution system if panic buying and stockpiling continue, Energy Deputy Minister Arkam Ilyas warned. He said discussions are already under way on reinstating the mechanism should consumers persist in purchasing fuel beyond normal requirements.
· damith
Coal tender process transparent with usual formal procedures - Minister - DailyNews
Labour Minister and Finance Deputy Minister Anil Jayantha Fernando stated that the coal tender process implemented under the current Government is completely transparent and follows a formal procedure. He dismissed the opposition’s allegations of financial irregularities as baseless.
· damith
ASX braces for uncertain start; Oil, gold prices set to soar
The fast‑moving conflict across the Middle East is heightening investor anxiety and strengthening the case for safe‑haven trades such as Treasuries, gold and the Swiss franc, while oil prices are set to soar.
· MIles J. Herszenhorn, Natalia Kniazhevich
Belgium seizes Russian 'shadow fleet' tanker
Belgium's special forces boarded and seized an oil tanker from the "shadow fleet" Russia uses to circumvent Western sanctions over the war in Ukraine, in an overnight operation announced Sunday.
· AfricaNews
‘Big energy users’: how will datacentres affect Australia’s power prices, water supply and emissions?
There’s a growing expectation that if you build a datacentre, you must meet your own energy needs. But there are other key policy questions that need answering
· Petra Stock
Lunar New Year draws crowds to Buddhist temple relic display
Buddhist practitioner and disciple of Master YongHua, Sarah Kim, shows the Fragrant Oil Shariras among other Buddhist relics displayed at Wei Mountain Temple, in Rosemead, Calif., Saturday, Feb. 17, 2024. (AP Photo/Damian Dovarganes)
· Deepa Bharath
OPEC+ Boosts Oil Output Sharply Amid Iran War Escalation
Key members of the OPEC+ oil cartel announced a greater-than-expected increase to production quotas on Sunday following U.S. and Israeli strikes on Iran that triggered retaliation by Tehran across the Middle East.
· AFP
What is the Strait of Hormuz? How will its closure impact oil prices?
The US-Israeli attacks on Iran have triggered swift retaliatory attacks from Tehran, targeting their assets in multiple Middle East countries, including Israel, Qatar, the United Arab Emirates, Kuwait, Bahrain, Jordan, Saudi Arabia, Iraq and Oman.
· Priyanka Shankar, Al Jazeera Staff
Oil price expected to surge after Iran strikes and strait of Hormuz closure
Stock markets around the world could tumble on Monday and motorists are likely to pay more at the pump
· Graemewearden, Marksweney
Iraqi protesters attempt to enter Green Zone to reach US embassy in Baghdad
Iraqi protesters were hit with tear gas as they attempted to reach the American embassy in Baghdad.
· Middleeasteye
Russian Overnight Missile Strikes on Ukraine Reached 3-Year Peak in February – AFP Analysis
Russia fired more missiles on Ukraine in February than in any other month since at least the beginning of 2023 in overnight strikes, targeting Ukrainian energy infrastructure in particular, an AFP analysis showed Sunday.
· AFP
Belgium seizes Russian 'shadow fleet' tanker
Belgium's special forces boarded and seized an oil tanker from the "shadow fleet" Russia uses to circumvent Western sanctions over the war in Ukraine, the government said on Sunday.
· No Author
US-Iran strikes: global shipping braces for shock from Strait of Hormuz closure
Various reports indicate that authorities in Tehran have taken control of the vital energy transport route
· Carol Yang
China poised to earn vast profits from global energy transition: analysts
Chinese firms are in pole position to benefit from a wave of investment in clean energy infrastructure that could be worth trillions of US dollars
· Ralph Jennings
Potential oil price hike could impact petrol cost in Australia
Motorists in Australia are being urged to fill up with fuel before a potential rise in the price of crude oil flows through to the bowser.The US and Israeli strikes on Iran are raising concerns that retaliations in the Middle East could disrupt the flow of oil, which is heavily dependent on the Strait of Hormuz.Iran…
· Richard Wood
Gov't reviews economic impact of Iran crisis, checks readiness to release oil reserves
The industry ministry said Sunday it is preparing for all contingencies, including a possible closure of the Strait of Hormuz, amid escalating tensions surrounding Iran, adding the impact on shipping logistics currently remains limited.
· Yonhap
How the strikes on Iran could impact California gas prices
The impact of the US-Israeli airstrikes in Iran could lead to dramatic swings in global oil markets — potentially sending California’s steep gas prices even higher.
· Nina Joudeh
World braces for oil price shock as Iran conflict threatens Gulf shipping
One analyst suggests Australian motorists take advantage of fuel prices before a likely steep rise in prices at the pump. (AAP )
· David Taylor
'Fill up your car' before petrol price spikes, analyst says
One analyst suggests Australian motorists take advantage of fuel prices before a likely steep rise in prices at the pump. (AAP )
· David Taylor
DOE Announces $171 Million For Geothermal Expansion
The DOE released a Notice of Funding Opportunity offering up to $171.5 million for next-generation geothermal field tests and resource exploration.
· Tyler Durden
CCP-Linked NGO Network Prepares "Emergency Protests" In US After Trump's Iran Strikes Jeopardize Oil Flows To China
TL;DR, while we find the actions of the Trump administration disappointing - based on their anti-interventionist campaign promises vs. the interventionist reality - there can be little doubt (given the speed and breadth of action) that kneejerk protests emerging within minutes of an event are clearly manufactured, a…
· Tyler Durden
‘This could spark the largest regional war yet’: Russian analysts on the Iran strikes
As the United States and Israel launch a military operation against Iran on February 28, 2026, global attention turns to the Middle East, where the stakes could not be higher. Analysts and experts from Russia are weighing in, offering a wide range of perspectives on the strategic calculations, potential consequences…
· RT
Turkey frustrated after failing to prevent US strike on Iran, scrambles to contain fallout: Analysis
Ragip Soylu, Turkey bureau chief for Middle East Eye, assesses Ankara’s position on the ongoing Israeli-US war on Iran: Turkey did everything it could to stop the US attack on Iran, but it failed. Ankara stopped short of directly condemning Washington in order to preserve the rapport between Turkish President Recep …
· Middleeasteye
The energy vampire next door: Life next to an AI mega-factory
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· Clay Lucas, Daniella White
"Expect Moderate Disruptions": Oil Tankers Avoid Strait Of Hormuz As Operation Fury Hits Iran
Automatic Identification System (AIS) vessel-tracking data indicate that multiple tankers abruptly reversed course near the entrance to the critical maritime chokepoint of the Strait of Hormuz early Saturday, following the U.S.-Israeli operation (Operation Epic Fury) targeting Islamic Revolutionary Guard Corps comma…
· Tyler Durden
Oil companies put on notice over Russian ‘blood oil’
Fuel importers have been warned they could be breaching Australian sanctions law by importing Russian-origin oil processed in third countries, as the federal government comes under pressure to crack down on the revenue streams funding Vladimir Putin’s war against Ukraine.
· Matthew Knott
We Didn't Just Get Expensive Electricity. We Built A System That Makes It Inevitable.
Authored by William Murray via RealClearEnergy,
· Tyler Durden
ABOITIZPOWER UNIT SECURES FINANCING FROM BPI FOR RENEWABLE ENERGY PROJECTS
Advent Upgrade Solar Inc. (AUSI), a joint venture between Aboitiz Power Distributed Renewables Inc. and Upgrade Energy Philippines (UGEP), has officially commenced the commercial operations for two solar projects that can help boost the country’s clean energy capacity. With vital financing support from the Bank of t…
· The Manila Times
Davao’s outlaw electric co-op must be stopped
IN April 2025, the long-suffering consumers of provincial Davao were finally granted some relief from terrible electricity service and even worse management on the part of the Northern Davao Electric Cooperative Inc. (Nordeco) with the passage of Republic Act (RA) 12144, which effectively canceled Nordeco’s franchis…
· Ben Kritz