Economy

Iran war could bring billions to US energy firms

US oil companies could gain $63 billion as the war in the Middle East pushes crude prices higher, the FT has reported

US-Israeli war on Iran triggers potential global fertilizer shortage

The US-Israeli war on Iran has shut fertilizer plants across the Persian Gulf and closed the Strait of Hormuz, potentially triggering a global food crisis

US-Israeli war on Iran wipes billions off Gulf energy revenues

Gulf states have reportedly lost billions as escalating tensions in the region cut off several US allies from the Strait of Hormuz

How Russia and the US secured a sanctions waiver for Russian oil

Russian envoy Kirill Dmitriev likely played a key role in securing a US sanctions waiver on Russian oil amid the ongoing US-Israeli war on Iran

The EU never learns

The EU’s economic situation was dire even before the shocks of the Iran war, and yet it doubles down on supporting the US and Israel

US lifts sanctions on Russia as global oil price spikes

The US has temporarily suspended a Russian oil ban to cool energy markets as crude prices continue to soar after US-Israel attacks on Iran