Governments worldwide are on track to spend $1.1 trillion on fossil fuel subsidies in 2026, a new report from the United Nations Development Programme (UNDP) finds. If oil prices climb to $110 a barrel, up from a current average of $88.60, that figure could even reach $1.43 trillion.
A new analysis from climate advocacy group 350.org suggests that elevated oil and gas prices could continue to impose substantial costs on households and businesses through the remainder of 2026, even as diplomatic efforts between the United States and Iran advance and shipping through the Strait of Hormuz resumes.
African Mining Week (AMW) 2026 will take place October 14–16 in Cape Town, South Africa. Organizer Energy Capital & Power has published the draft program for the three-day conference and exhibition, which runs under the theme “Mining the Future: Unearthing Africa’s Full Mineral Value.”
Iran is reportedly advancing a blockchain-based maritime insurance and transit model for vessels passing through the Strait of Hormuz, with local media describing a system called “Hormuz Safe” that could allow ships to pay for coverage using Bitcoin. The initiative, still unconfirmed by independent international authorities, is being presented in Iranian reporting as a response […]
Payment processor Worldline and energy storage company EcoFlow have announced a commercial partnership. EcoFlow will use Worldline’s Global Collect platform to handle payments across multiple countries, including the US, UK, and markets across Europe.
With new funding, ENGIE-backed Amplicity aims to commence its first commercial battery use optimisation projects in Singapore and expand operations in Australia.
As the US-Iran conflict disrupts oil markets and threatens petrodollar dominance, both India and the UAE are turning to the Chinese yuan for oil payments — a shift with major implications for the global financial order.
Equities at record highs. Bitcoin hovering near $75K. Oil rattled by geopolitics. The week’s market story is being written in the Middle East.
Governments around the world are stampeding to tackle 2026 energy crisis that affects markets, businesses, households and whole economies. Emergency summits. Failed negotiations. Stock releases. Bill caps. Subsidies. On the surface, it looks like action. But dig a little deeper, and what you find is a patchwork of short-term fixes desperately papering over a structural […]
American small businesses closed out the first quarter on solid ground, with sales rising 1.3% year over year in March despite consumers trimming the number of trips they made and spending more deliberately when they did show up, according to new data from Fiserv.
Farmer groups in the UK are preparing to protest against fuel cost rise that sent diesel price up to £2 per litre. This move follows suite of recent fuel protests in Ireland, that disrupted critical supply chains and forced the government to introduce a €505 million fuel tax cuts package.
Forty eight hours ago news of US-Iran ceasefire, no matter how temporary it could be, looked like a real breakthrough. Now Iran is protesting against any deals again, Israel is still bombing Lebanon, ships that need to pass the Hormuz remain stuck, and oil is creeping back toward $100.
Energy markets today are being shaped less by theory than by shock management. Oil prices surged above $110 per barrel in March 2026 as disruptions tied to the Iran war tightened global supply lines, while U.S. gasoline jumped above $4 a gallon for the first time since 2022, putting fresh pressure on commuters and consumers. […]
El Dow Jones sube más de 500 puntos y el Ibex 35 avanza al compás de Wall Street. Los rumores de negociaciones entre Washington y Teherán alimentan el optimismo bursátil, si bien el crudo permanece elevado y sus consecuencias sobre el tipo de cambio y los precios energéticos en España siguen siendo muy tangibles.
El conflicto en Medio Oriente cerró el Estrecho de Ormuz y desató la mayor disrupción petrolera de la historia. El ministro de Hacienda anunció un alza histórica en bencinas y diésel, mientras Saudi Aramco redirige casi 4 millones de barriles diarios por el Mar Rojo.
The KOSPI index hit its worst session since 2008. The Nikkei 225 shed 10%. Oil briefly cleared $115. Now, potential ceasefire signals are lifting Asian markets for a while, but investors are far from convinced.
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