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The Latest Breaking News from IEA

Crude Oil Prices Surge as Closure of Hormuz Threatens Supply Shortages

June WTI crude oil (CLM26 ) on Wednesday closed up +3.29 (+3.67%), and June RBOB gasoline (RBM26 ) closed up +0.1201 (+3.84%). Crude oil and gasoline prices rallied sharply on Wednesday, with gasoline posting a 3-week high. Energy prices surged on Wednesday as the cancellation of peace talks between the...

Barchart

Crude Oil Prices Climb as Global Oil Supplies Disrupted

June WTI crude oil (CLM26 ) today is up +2.55 (+2.84%), and June RBOB gasoline (RBM26 ) is up +0.0882 (+2.82%). Crude oil and gasoline prices are sharply higher today, with gasoline posting a 2-week high. Energy prices are rallying today as the cancellation of peace talks between the US...

Barchart

First Oil Now Groceries, Now Condoms: Prices To Rise By Up to 30% As Iran War Hits Global Supply

Condom prices may rise by up to 30% as the Iran war disrupts supply chains. Karex Bhd, the largest condom manufacturer, cites rising production costs and shipping delays as key factors.

International Business Times UK

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Crude Oil Prices Rally as US-Iran Talks on Hold

May WTI crude oil (CLK26 ) on Tuesday closed up +2.52 (+2.81%), and May RBOB gasoline (RBK26 ) closed up +0.0930 (+2.98%). Crude oil and gasoline prices recovered from early losses on Tuesday and moved sharply higher as Iran has yet to confirm its attendance at further talks in Pakistan...

Barchart

Crude Oil Prices Climb as US-Iran Ceasefire Set to Expire on Wednesday

May WTI crude oil (CLK26 ) today is up +3.56 (+3.97%), and May RBOB gasoline (RBK26 ) is up +0.0682 (+2.19%). Crude oil and gasoline prices recovered from early losses today and moved sharply higher as Iran has yet to confirm its attendance at further talks in Pakistan with the...

Barchart

World Experiencing Its Worst Energy Crisis In History Due To Iran War, IEA Head Says

The world is experiencing its worst energy crisis in history as a result of the Iran war, according to International Energy Agency head Fatih Birol.

International Business Times

US Flight Chaos Intensifies as $11B Fuel Spike and Staffing Gaps Force Massive Airline Schedule Cuts

US air travellers face the worst flight chaos of 2026 as TSA staffing shortages, the Iran war jet fuel spike, and spring storms force airlines to slash routes and suspend key services.

International Business Times UK

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Crude Oil Prices Sharply Higher as Middle East Peace Efforts in Limbo

May WTI crude oil (CLK26) on Monday closed up +5.76 (+6.87%), and May RBOB gasoline (RBK26 ) closed up +0.1120 (+3.73%). Crude oil and gasoline prices settled sharply higher on Monday after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US...

Barchart

Data centers now account for half of all new U.S. electricity use, just as Americans start to sour on AI

Data centers—like the AI models being trained in them—have become a political flash point.

Fortune

Crude Oil Prices Jump as Middle East Tensions Escalate

May WTI crude oil (CLK26 ) today is up +4.87 (+5.81%), and May RBOB gasoline (RBK26 ) is up +0.1140 (+3.79%). Crude oil and gasoline prices are sharply higher today after Iran on Saturday said the Strait of Hormuz was closed for shipping following a refusal by the US to...

Barchart

Iran Travel Chaos: How Are Passengers Protected Amid Flight Cancellations?

The Iran conflict has led to jet fuel shortages, causing European flight cancellations and disruptions. Airlines are adjusting routes, and passengers face potential delays and cancellations.

International Business Times UK

Air Canada temporarily suspends some flights to New York and other locations

Separately, Spirit Airlines reportedly seeks emergency US government funds as Iran war keeps aviation fuel costs high

The Guardian - US

Crude Oil Prices Plummet as the Strait of Hormuz Reopens

May WTI crude oil (CLK26 ) on Friday closed down -10.84 (-11.45%), and May RBOB gasoline (RBK26 ) closed down -0.1589 (-5.02%). Crude oil and gasoline prices plummeted on Friday, with crude falling to a 5-week low and gasoline sliding to a 1-week low. Energy prices sank on Friday after...

Barchart

Crude Oil Prices Plunge on Opening of the Strait of Hormuz

May WTI crude oil (CLK26 ) today is down -11.82 (-12.48%), and May RBOB gasoline (RBK26 ) is down -0.2138 (-6.76%). Crude oil and gasoline prices have plummeted today, with crude falling to a 5-week low and gasoline sliding to a 1-week low. Energy prices sank today after Iran said...

Barchart

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International Business Times

Energy Output In Middle East Will Take About Two Years To Recover, IEA Chief Says

Energy output in the Middle East could take two years to go back to pre-war levels, according to the head of the International Energy Agency.

International Business Times UK

Europe Faces Jet Fuel Shortage Within Weeks, IEA Chief Warns

Europe is facing a fuel crisis due to the US-Iran conflict, with the closure of the Strait of Hormuz impacting supply and causing price surges.

Euronews

EU downplays jet fuel shortage risks despite IEA warning

EU officials and the International Energy Agency have contrasting narratives over jet fuel supply. While the European commission minimises the risk, it acknowledges that the market remains “tight” and says the EU is prepared to respond appropriately.

International Business Times UK

Britain Is One of the Most Vulnerable Countries in Europe for Jet Fuel; IEA Says Flights Could Be Cancelled From May

Europe faces a jet fuel shortage, raising concerns about potential flight disruptions. The UK is particularly vulnerable due to its reliance on imported fuel and limited refining capacity.

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International Business Times UK

Europe Is on the Brink With Only About Six Weeks of Jet Fuel Left: IEA Energy Chief Issues Dire Warning

Europe may face flight cancellations as jet fuel supplies dwindle due to the Iran conflict and Strait of Hormuz closure, warns the International Energy Agency.

Euronews

Flying soon? What the jet fuel crisis means for travellers and airlines

Jet fuel prices have roughly doubled since the war in Iran began – and shortages could start next.

The Independent UK

Jet fuel supplies are lagging. What does that mean for airlines and travelers?

A looming jet fuel shortage in Europe and Asia sparked by the Iran war and the effective closure of the Strait of Hormuz could further upend world travel within weeks if oil doesn’t start flowing soon

Barchart

Crude Oil Rallies on Concerns US-Iran War to Persist

May WTI crude oil (CLK26 ) on Thursday closed up +3.40 (+3.72%), and May RBOB gasoline (RBK26 ) closed up +0.0945 (+3.08%). Crude oil and gasoline prices rallied sharply on Thursday as the US naval blockade of the Strait of Hormuz entered its fourth day, curbing oil supplies from the...

Barchart

Crude Prices Climb as Global Oil Supplies Remain Disrupted

May WTI crude oil (CLK26 ) today is up +2.40 (+2.63%), and May RBOB gasoline (RBK26 ) is up +0.0655 (+2.13%). Crude oil and gasoline prices settled mixed on Wednesday, with crude falling to a 3-week low. Crude oil and gasoline prices are moving higher today as the US naval...

International Business Times

Europe May Only Have Six Weeks Of Jet Fuel Left As Iran Conflict Continues To Disrupt Supplies

Continued risks to Middle East fuel shipments are raising fears of flight cuts and wider disruption across Europe's aviation sector.

Euronews

Europe has six weeks of jet fuel left caused by 'dire strait' crisis, IEA chief warns

Last week, the Airports Council International Europe wrote to the European Commission, saying jet fuel shortages could begin at the start of May if tankers do not start passing through the Strait of Hormuz.

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