Owen Evans

Oil could hit $150 in weeks if shipping through Hormuz collapses, forcing Gulf exporters to declare force majeure, Saad Al-Kaabi said.

Around 300 oil tankers remain in the Strait of Hormuz as attacks mount, raising fears of major disruptions to global oil supplies and energy markets.

Spain and Italy are joining European allies in reinforcing Cyprus after a drone strike on a British base heightened fears of escalation in the Iran conflict.

Germany has signaled support for tougher action on Tehran while Trump has clashed with the UK and Spain over Iran.

Goldman Sachs warns oil could surge into ’triple-digit territory' if Hormuz disruption drags on and forces demand destruction.

Trump said he never expected to see the once ’most solid of all' alliances in such difficulty.

The move could disrupt nearly 20 percent of global supply and jolt gas markets after major site hit by Iranian drones.

Brent crude neared $80 as Israel and the US signaled a prolonged campaign against Iran, fuelling fears of Hormuz disruptions that could drive oil toward $100.

Government said the rules would curb disinformation and protect children, while free-speech groups warned of mass surveillance and self-censorship.

Merz said that ‘no one can bypass China anymore’ as Berlin seeks closer ties with the communist regime.

Oil could hit $150 in weeks if shipping through Hormuz collapses, forcing Gulf exporters to declare force majeure, Saad Al-Kaabi said.

Around 300 oil tankers remain in the Strait of Hormuz as attacks mount, raising fears of major disruptions to global oil supplies and energy markets.

Spain and Italy are joining European allies in reinforcing Cyprus after a drone strike on a British base heightened fears of escalation in the Iran conflict.

Germany has signaled support for tougher action on Tehran while Trump has clashed with the UK and Spain over Iran.

Goldman Sachs warns oil could surge into ’triple-digit territory' if Hormuz disruption drags on and forces demand destruction.

Trump said he never expected to see the once ’most solid of all' alliances in such difficulty.

The move could disrupt nearly 20 percent of global supply and jolt gas markets after major site hit by Iranian drones.

Brent crude neared $80 as Israel and the US signaled a prolonged campaign against Iran, fuelling fears of Hormuz disruptions that could drive oil toward $100.

Government said the rules would curb disinformation and protect children, while free-speech groups warned of mass surveillance and self-censorship.

Merz said that ‘no one can bypass China anymore’ as Berlin seeks closer ties with the communist regime.