Japan’s government has announced the start of its largest-ever strategic oil reserve release, with 80 million barrels to be provided to refiners beginning this Thursday. Prime Minister Sanae Takaichi made …
Business
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Treasury Secretary Moves to Use Iran’s Own Oil Reserves Against Its Economic Leverage
by admin477351In a striking policy reversal, Treasury Secretary Scott Bessent announced Thursday that the United States is considering removing sanctions from Iranian oil currently floating on tankers in international waters. The …
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Despite the International Energy Agency’s record-breaking release of 400 million barrels of oil, European energy ministers remain on high alert as the Iran war shows no signs of de-escalating. The …
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A major escalation in the Middle East has seen the UAE’s Shah gasfield fall victim to an Iranian drone strike, triggering a fresh spike in global energy costs. The suspension …
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The Trump administration has entered a critical 150-day period for its trade policy after a Supreme Court ruling invalidated its previous tariff framework. On February 20, 2026, the Court ended …
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A group of high-profile investors who assumed control of TikTok’s American business will collectively pay the US government $10 billion as part of a remarkable and rarely seen transactional arrangement. …
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Chinese Vice-Premier He Lifeng will represent Beijing in the latest round of trade consultations with the United States, scheduled to take place in France. The negotiations, running from Saturday to …
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The US Treasury has opened a narrow 30-day window for the purchase of Russian oil currently on the water to prevent a global supply catastrophe. This emergency measure is a …
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The British utility landscape is set for a shake-up following Ofgem’s decision to grant Tesla a formal electricity supply licence. This approval empowers the company to sell electricity directly to …
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In a bold move for the energy industry, President Donald Trump has announced a $300 billion agreement to construct a new oil refinery in Texas. Located at the Port of …