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The Latest Breaking News from IEA

UK growth forecasts slashed by IMF as Iran war hurts global economy – as it happened

International Monetary Fund has lowered its forecast for UK growth in 2026 and 2027, due to Iran war and weak growth in late 2025

The Guardian - UK

Crude Oil Rallies as US Blockade of Strait of Hormuz Begins

May WTI crude oil (CLK26 ) on Monday closed up +2.51 (+2.60%), and May RBOB gasoline (RBK26 ) closed up +0.0787 (+2.59%). Crude oil and gasoline prices settled sharply higher on Monday after peace talks between the US and Iran broke down over the weekend and President Trump imposed a...

Barchart

Why oil and gas prices could stay high in Europe even if the Iran war ends

Energy prices in Europe could stay high for a while, even though the region doesn’t rely heavily on the Strait of Hormuz. Here’s what’s behind it.

Euronews

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Stocks Finish Sharply Higher on US-Iran Ceasefire

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up +2.51%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +2.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.90%. June E-mini S&P futures (ESM26 ) rose +2.52%, and June E-mini Nasdaq futures...

Barchart

Crude Prices Fall Sharply as Geopolitical Risks Ease

May WTI crude oil (CLK26 ) on Wednesday closed down -18.54 (-16.41%), and May RBOB gasoline (RBK26 ) closed down -0.2993 (-9.06%). Crude oil and gasoline prices plummeted on Wednesday, with crude posting a 1.5-week low and gasoline posting a 2-week low. Crude prices plunged on Wednesday after the US...

Barchart

Crude Prices Plummet on US-Iran Ceasefire Agreement

May WTI crude oil (CLK26 ) today is down -17.10 (-15.14%), and May RBOB gasoline (RBK26 ) is down -0.3070 (-9.29%). Crude oil and gasoline prices are falling sharply today, with crude sliding to a 1.5-week low and gasoline falling to a 2-week low. Crude prices plunged today after the...

Barchart

Easing Geopolitical Tensions Push Stocks Sharply Higher

The S&P 500 Index ($SPX ) (SPY ) today is up +2.04%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +2.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.52%. June E-mini S&P futures (ESM26 ) are up +2.17%, and June E-mini Nasdaq futures...

Barchart

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Stocks Soar as US and Iran Agree to a Ceasefire

The S&P 500 Index ($SPX ) (SPY ) today is up +2.35%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +2.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.89%. June E-mini S&P futures (ESM26 ) are up +2.31%, and June E-mini Nasdaq futures...

Barchart

Crude Prices Fall From Highs on Hopes for a Last-Minute Iran Deal

May WTI crude oil (CLK26 ) on Tuesday closed up +0.54 (+0.48%), and May RBOB gasoline (RBK26 ) closed down -0.0030 (-0.09%). Crude oil and gasoline prices settled mixed on Tuesday, with crude oil posting a 4-week nearest-futures high. Crude prices rose on concerns that the war in Iran will...

Barchart

6 things Australia should do to tackle the energy crisis rather than just building bigger fuel reserves

The three-page fuel plan the Australian government released last week was very light on detail. So too was Prime Minister Anthony Albanese’s address to the nation. This week, Energy Minister Chris Bowen moved to reassure Australians their fuel supply was safe “well into May”.

The Conversation

How serious will the jet fuel crisis in Europe become?

Jet fuel prices have increased by 95% since the United States and Israel launched military attacks against Iran on 28 February. Higher fares, fuel surcharges and reductions in capacity or limiting of unprofitable routes will be the new normal, energy analysts warn.

Euronews

Crude Prices Soar as Iran War Looks to Escalate

May WTI crude oil (CLK26 ) today is up +4.13 (+3.67%), and May RBOB gasoline (RBK26 ) is up +0.0210 (+0.63%). Crude oil and gasoline prices are sharply higher today, with crude posting a 4-week nearest-futures high. Crude prices are soaring on concerns that the war in Iran will escalate...

Barchart

Crude Prices Climb on Fears of Escalation of Iran War

May WTI crude oil (CLK26 ) on Monday closed up +0.87 (+0.78%), and May RBOB gasoline (RBK26 ) closed up +0.0202 (+0.61%). Crude oil and gasoline prices settled higher on Monday, with crude posting a 4-week high. Crude prices rallied after President Trump signaled an escalation of the conflict in...

Barchart

Crude Prices Fluctuate on Iran War Headlines

May WTI crude oil (CLK26 ) today is up +0.77 (+0.69%), and May RBOB gasoline (RBK26 ) is up +0.0009 (+0.03%). Crude oil and gasoline prices are moving higher today, with crude posting a 4-week high. Crude prices rallied after President Trump said the US could leave the Iran war...

Barchart

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Euronews

How long can the EU’s oil reserves last?

The 400 million barrels of oil released by the International Energy Agency — of which 92 million barrels were contributed by 20 EU countries — could last about five months, according to analysts. The bloc also relies on storage reserves.

International Business Times UK

Oil Whipsaws $30 in 24 Hours as Trump Vows to 'Hit Iran Extremely Hard'

Oil prices swung nearly $30 in 24 hours as Trump's primetime speech vowed to hit Iran 'extremely hard,' reversing ceasefire-driven losses.

The Guardian - UK

Drive slower, work from home and ditch the tie: the world responds to Iran war energy crisis

Oil crisis triggered by blockade of strait of Hormuz prompts emergency measures to protect supply and halt rising prices

Fortune

Trump will address the nation about the Iran war on Wednesday. Here’s what to expect

Oil analysts warn April will be the cruelest month yet for energy prices, and a presidential speech may not be enough to change that.

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The Independent UK

Stopgap measures aren't enough to halt rising gas prices as the world scrambles for more oil

Global leaders have been scrambling to contain the rising cost of oil and gasoline since the start of the Iran war

International Business Times UK

Fuel Crisis Deepens in Northern Ireland as Stations Run Dry and Prices Surge

UK petrol and diesel prices spike amid Middle East conflict, with fears of shortages and rising costs impacting consumers and businesses.

Kiplinger

What the Oil Market Is Telling Us Right Now About Energy and Gas Prices

There's no let-up in demand for oil and gas, so what happens if the war in Iran continues to constrain supplies? Consumers and investors should take note.

International Business Times UK

Oil Prices Could Hit $200 as Experts Warn Hormuz Closure Past Mid-April Triggers Full-Blown Global Fuel Crisis

The global fuel crisis worsens as the Strait of Hormuz remains closed, causing oil prices to surge. Analysts warn of possible $200 per barrel prices, affecting global markets and consumer costs.

The Guardian - UK

‘Tempolimit? Nein, danke!’: why German petrolheads won’t slow down – despite the energy crisis

Driving fast is in ‘the German DNA’, say lovers of the speed-limit free Autobahn, but support in the country for a restriction is growing

International Business Times UK

IEA Reveals 10-Point Plan to Ease Oil Costs Amid Middle East Supply Crisis – Here's the List

The IEA's 10-point emergency plan aims to reduce oil demand amid the Middle East conflict's historic supply disruption, potentially lowering prices and impacting commuters and businesses worldwide.

The Independent UK

Southeast Asia revisits nuclear power plans for AI data centers Iran war disrupts energy supplies

Nuclear power is getting a second look across Southeast Asia to prepare for surging demand for power for artificial intelligence-focused data centers

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