Oil prices could race past $150 as ceasefire in ‘difficult phase’ April 11, 2026 Oil prices could shoot up beyond $150 per barrel if trade flows through the Strait of Hormuz remain disrupted as the US-Iran ceasefire was entering a “difficult phase”. Research company Kpler said that problems across the Strait could prompt markets to change tune and lead to oil prices jumping higher. The Brent crude oil price, [...]
Miliband slammed for net zero sprint as high costs hamper businesses April 10, 2026 Labour-linked researchers have slammed Ed Miliband’s net zero drive as the UK’s sky-high energy costs have come under intense scrutiny due to oil trade disruptions from the war in Iran and OpenAI’s decision to put a landmark data centre project in the UK on. Researchers at the Tony Blair Institute blamed the UK government’s dithering [...]
Fuel shortages, hunger, inflation spiral: IMF fears ‘scarring’ harm from Iran war April 9, 2026 Several fuel shortages, hunger and spiralling inflation will be some of the consequences of the Iran war as the head of the International Monetary Fund said that it would leave “scarring effects” on the global economy. In a speech by Kristalina Georgieva, the IMF’s managing director, global policymakers were warned that trade disruption across the [...]
‘A whole civilisation will die tonight’: Trump ramps up Iran threats as deadline draws nearer April 7, 2026 Donald Trump has dialled up his threats on Iran warning a “whole civilisation will die tonight” ahead of his latest looming deadline for Iran. The chaotic sentiment has rocked markets across Europe after indexes struggled to find direction during early trading. The FTSE 100 see-sawed between gains and losses as the City market returned from [...]
From jet fuel to fertiliser – economic pain is heading West April 6, 2026 A quiet Easter Sunday was abruptly punctured when US President Donald Trump unleashed a brutal, expletive-filled ultimatum to the Iranian regime. In a post on Truth Social, Trump wrote: “Tuesday will be power plant day, and bridge day, all wrapped up in one, in Iran. “There will be nothing like it!!! Open the f***in’ strait [...]
Miliband to bow to pressure on North Sea drilling April 3, 2026 Energy secretary Ed Miliband is poised to bow to significant pressure to allow drilling in the North Sea to counter collapsing fuel supply chains and soaring energy costs. Miliband is planning to give the green light to the Jackdaw gasfield, which could supply gas to more than a million homes this winter. This would be [...]
Jim Ratcliffe backs Tory pledge to slash net zero tax April 2, 2026 Sir Jim Ratcliffe has joined a number of manufacturing bosses in support of a Tory pledge to axe carbon taxes levied through a trading scheme critical to the government’s net zero efforts. In a joint release between the Conservatives plus the Ineos chief and other industry bosses, the Kemi Badenoch’s party said it would save [...]
Oil soars as Trump vows to hit Iran ‘extremely hard’ April 2, 2026 The price of oil has spiked by over 7 per cent following Donald Trump’s vow to keep hitting Iran ‘extremely hard’ over the next few weeks, in an address to the nation. After a 17-minute speech on Wednesday evening, which failed to reassure global markets, Brent crude, the global oil benchmark, jumped 5 per cent [...]
Once again Starmer addresses the nation – with nothing to say April 2, 2026 The Prime Minister held a press conference yesterday to update us all on the Iran war and to confirm that we’re still not in it. That’s Keir Starmer’s most valued line these days; that this isn’t our war and we’re not involved. However, despite our declared neutrality, Starmer had to concede that “the impact of [...]
Europe urges fewer flights, remote working as Iran war drains oil supplies April 1, 2026 The spiralling energy crisis is forcing Europe into emergency mode, with politicians urging citizens to work from home, cut back on driving and avoid flying as the conflict in Iran cuts off a critical share of the world’s oil supply. The European Commission’s energy chief, Dan Jørgensen, said Europe is facing a prolonged crisis that [...]