Political figures from both sides criticized the president earlier this week after a social media post threatened to attack Iranian infrastructure. The message suggested major strikes on bridges and power plants if Iran did not reopen a key shipping route by a set deadline. One senator called the an
The group of finance ministers from Spain, Germany, Italy, Portugal and Austria have joined forces to ask the European Union to introduce a windfall tax on energy firms. Their main worry is that the recent surge in oil and gas prices—linked to conflicts in Iran—could push inflation higher and hurt o
The United Arab Emirates has made it clear that any agreement between the United States and Iran must keep the Strait of Hormuz open for free navigation. The UAE’s diplomatic adviser, Anwar Gargash, said the waterway is a global economic lifeline and cannot be used as leverage by any country. He a
Alaska’s push for a massive liquified natural gas project has been making headlines, but the fine details keep slipping through the cracks. A recent study by an outside energy group got people talking. Still, the report was made to support new laws, which means it highlights what helps the project w
A handful of former cryptocurrency mining companies have swapped digital coins for data center dominance. Once known for burning through electricity to mint virtual money, these firms now lease out massive computing power to tech giants racing to build artificial intelligence systems. Names like Cor
South Korean Finance Minister Koo Yun‑cheol held talks with diplomats from the Gulf Cooperation Council (GCC) on Friday. He asked them to make sure that oil, liquefied natural gas, naphtha, urea and other vital supplies keep moving through the Strait of Hormuz. He also wanted guarantees that Korean
South Korean Finance Minister Koo Yun‑cheol met with diplomats from the Gulf Cooperation Council to ask for steady supplies of oil, LNG, naphtha and other vital resources. He also requested that the Gulf states work to protect Korean ships and crews near the Strait of Hormuz, a route that has become
India just bought oil from Iran for the first time in years, and it didn't even have to jump through payment hoops. Normally, that wouldn't be news—countries trade oil all the time. But this deal stands out because it happened during a messy time in the Middle East, when key shipping routes got tang
Five European countries want energy giants to share extra profits from high fuel costs. Germany, Italy, Spain, Portugal and Austria signed a letter asking the EU to tax sudden gains made by energy firms. The push comes as rising oil prices from Middle East tensions squeeze household budgets. The mi
Five European finance chiefs have fired off a letter demanding EU-wide curbs on energy profits. The move comes as Middle East tensions make oil tankers rare, pushing petrol and heating bills higher. Spain’s economy minister joined colleagues from Germany, Italy, Portugal and Austria to argue that wh
