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Fatih Birol, Executive Director of the International Energy Agency, speaks with the media during the International Energy Forum (IEF) in New Delhi, April 11, 2018/ Reuters

World could face worst energy crisis in decades, IEA chief warns

'As of today, we lost 11 million barrels per day,' says International Energy Agency chief Fatih Birol.

Cargo ships in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. Photo: REUTERS/Stringer/File Photo

Refiners in India, elsewhere in Asia look to buy Iranian oil after US waives sanctions

An India Rupee note is seen in this illustration photo on 1 June 2017. Photo: REUTERS/Thomas White

Rupee hits record low as Iran war-spurred economic risks mount

A man wearing a badge printed with the party flag and symbol of Nepali Congress takes part during an election campaign in Kirtipur, Kathmandu, Nepal, March 1, 2026. Photo: REUTERS/Navesh Chitrakar

Voters rocked by war and tariffs could add to market angst in upcoming elections

A US flag flutters near shipping containers as a ship is unloaded at the Port of Los Angeles, in San Pedro, California, US, May 1, 2025. Photo: REUTERS/Mike Blake/ File Photo

US waives shipping regulation to ease fuel, fertiliser deliveries

A drone view of a pump jack and drilling rig south of Midland, Texas, US, 11 June 2025. REUTERS/Eli Hartman//File Photo

Oil rises 3% after Iran strikes Middle East energy facilities

Photo: UNB

Why gold prices have remained steady despite the war on Iran

Gold jewellery sits on display at a jewellery mall in Shanghai, China, 27 January 2026. REUTERS/Nicoco Chan

Gold steady as conflict-driven inflation fears counter dollar softness

Photo: Reuters

Middle East war disrupts pharma air routes, risks cancer drugs supply

Representational image. Photo: Reuters

EU scrambles to curb energy costs as Iran war hits markets

File Photo: Reuters

Oil rises as focus returns to threats on Middle East export facilities

General view of Aramco's oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. REUTERS/Hamad I Mohammed

Oil poised for further gains as Middle East conflict threatens export facilities

Fujairah port in the UAE. Photo: Fujairah

Why does the port of Fujairah matter to the oil market?