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The Latest Breaking News from Energy

Iran war underscores risks of Trump's relentless focus on oil

The Iran war is underscoring the risks of President Donald Trump’s relentless focus on fossil fuels as he pursues what he calls American energy dominance

The Independent UK

Albanese government appoints fuel coordinator as ACCC investigates major suppliers’ conduct in regional Australia

The federal government has appointed Anthea Harris, former chief executive of the Australian Energy Regulator and of the Energy Security Board, as Coordinator of a new Fuel Supply Taskforce.

The Conversation

Ed Miliband calls for fairness in business energy contracts amid Iran crisis

Mr Miliband said pricing needs to be ‘fair, transparent and fully justifiable’.

Evening Standard

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Australia is too dependent on fuel imports – what could be done about it?

The government has a roadmap to electrify transport and support alternative fuels by 2050, but the war in Iran and soaring prices means a plan is needed in weeks, not decades

The Guardian - AU

Morning Mail: crude spikes as Israel hits major gasfield, the driveways that ate Sydney, flight of the fashionistas

Tehran vows to strike at energy facilities after Israel hits main gasfield; study shows how housing redevelopments have halved the size of front yards

The Guardian - AU

Trump officials say gas prices will return to normal in ‘a few more weeks,’ but his own Energy Department says it will be 2027

Government projections don’t see gas prices falling below $3 per gallon until the end of next year.

Fortune

UK homeowners to be allowed wind turbines in gardens amid energy crisis

The government continues to push clean energy in response to the current global energy crisis

The Independent UK

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Government addresses ‘scaremongering’ over UK energy supplies

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The Independent UK

Can the Grids Package free the EU from its energy dependence?

US-Iran tensions disrupt Middle East energy routes, driving up oil and gas prices. After the 2022 energy crisis, Brussels launched the Grids Package. Can this plan cut Europe’s reliance on foreign energy?

Euronews

Why is the Strait of Hormuz critical to Europe?

The closure of the Strait of Hormuz is affecting energy prices for industries and households, but the vital trade passage also accounts for a significant share of fertiliser shipments, threatening long-term food production. Euronews' explainer goes through the main issues affecting the Strait.

Euronews

Fuel price surge continues as diesel reaches 160.3p per litre

Diesel is at its most expensive level since November 2023.

Evening Standard

Politics latest: Starmer warns energy companies to pass on ‘every penny of savings’ to customers amid price surge

The prime minister has set out tens of millions of pounds of support for vulnerable households struggling with energy bills

The Independent UK

Trump says he demanded 'about seven countries' to join coalition to police Iran's Strait of Hormuz

Trump says attacks on Iran could last several more weeks despite soaring energy costs. The US president says he is assembling a coalition to help police the Strait of Hormuz and escort stranded oil vessels out to address international energy supply crises caused by the war.

Euronews

Fuel tax cut urged to avoid fruit 'rotting on trees'

As some country towns face major petrol shortages, pressure is mounting on the federal government to intervene to bring down fuel prices.

AAP

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The Independent UK

Starmer to pledge support for UK’s poorest homes to help with soaring energy bills

Vowing to support working people ‘whatever challenges lie ahead’, the PM will use a press conference on Monday to set out support for those facing soaring energy bills

Evening Standard

'End Iran war swiftly,' Keir Starmer tells Donald Trump to stop bills soaring in oil crisis

But the US president has said America is not ready to end the conflict which has entered its third week

Axios

Trump's energy chief: "No guarantees" gas prices will fall in weeks

He said the war should end "in the next few weeks."

Evening Standard

Starmer and Trump discuss ‘importance’ of reopening Strait of Hormuz

Tehran’s stranglehold on oil tankers passing through the narrow sea passage has driven energy prices up across the world.

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The Independent UK

US energy chief has dire prediction about gas prices under Trump

Trump’s war will end in ‘weeks’ but oil prices will be ‘elevated’ until it concludes, Chris Wright warns

Evening Standard

Government ‘standing by British people’ Miliband says amid fuel duty questions

Ministers have faced calls from their political rivals to U-turn on the planned 1p tax hike in light of the oil price spikes caused by the war.

Evening Standard

Fuel duty hike could be scrapped if Middle East war drags on, Miliband suggests

The Energy Secretary said the Government will ‘stand by the British people’ as ministers consider whether to ditch a planned rise in fuel duty amid surging oil prices

Fortune

Skyrocketing energy prices and inflation woes mount as the ‘absurd’ reality in Iran sinks in

Energy prices may jump to all-time highs soon as the Iran war escalates without a ceasefire or a clear victory.

Evening Standard

Reeves drawing up plans to help with energy costs as Iran war continues

Chancellor Rachel Reeves will ‘take the necessary decisions to help families with the cost of living and protect the public finances’.

The Independent UK

Rachel Reeves vows to support households with rising energy costs as Middle East crisis hits oil prices

Reeves has pledged to support those battling with escalating energy bills amid the Middle East crisis

The Mary Sue

Trump’s bold promises for Hormuz collapse after one devastating truth from his own administration

The United States military isn’t ready to escort oil ships through the Strait of Hormuz, according to a top official in President Donald Trump’s administration, directly contradicting earlier suggestions from the president. This news comes as Iran continues to effectively block the crucial waterway, causing oil prices to surge worldwide.

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