The Iran conflict has driven oil prices past $90 per barrel, marking the largest weekly gain since the pandemic. Kuwait's production cuts and storage crises threaten further market disruptions, with global inflation and bond yields rising sharply.
MPs reveal stark differences in water companies' use of bailiffs, with Southern Water leading at 15,707 enforcements in 2019. Data shows post-pandemic surge raises concerns over vulnerable customers.
Over 200 homes in Croydon's SE25 6 area are without electricity after thieves damaged power network equipment. UK Power Networks is providing food, drinks, and support on-site as engineers work to restore power.
Qatar's energy minister warns that the Middle East conflict could 'bring down the economies of the world' as oil prices may surge to $150 per barrel and LNG production faces shutdowns.
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Brent crude surges 18% amid Middle East conflict, approaching $85 per barrel. The US Treasury considers market interventions as Strait of Hormuz disruptions threaten global supply chains.
The Philippines orders public officials to reduce air conditioning and travel to conserve energy as soaring fuel costs from the Middle East crisis threaten inflation. Other Southeast Asian nations adopt similar measures.
Data from England and Wales shows water companies sent bailiffs to tens of thousands of homes, often for small debts, with practices varying widely by region.
UK diesel costs have surged to a 16-month peak following Middle East conflicts, with oil prices rising over 5% and fuel retailers denying profiteering claims.
UK diesel prices have surged to a 16-month high following Middle East hostilities, with oil costs skyrocketing and global energy markets in turmoil. Industry denies profiteering claims.
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Iran launched ballistic missiles at Bahrain's biggest petroleum refinery, causing a massive fireball and disrupting global oil markets. The attack targeted the Bahrain Petroleum Company facility in Ma'ameer.
Money expert Martin Lewis explains an unprecedented 7-9% cut in energy bills for fixed tariffs from April 1, but warns of a steep rise from July due to Iran conflict.
Millions in Cuba faced a massive blackout after a boiler leak at a major thermoelectric plant, exacerbating existing energy crises under strict US fuel embargoes that charities warn have created humanitarian conditions.
UK ministers are discussing measures to offset soaring household energy bills, with forecasts predicting a £160 annual rise due to oil and gas price surges from the US-Iran conflict.
Greg Jackson warns UK faces imminent energy price shock, calls for North Sea exploration and policy rethink to stabilize economy and avoid economic damage from Middle East conflict.
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South East Water faces a £22 million fine from Ofwat for supply interruptions affecting over 286,000 customers in Kent and Sussex between 2020 and 2023, with ongoing investigations into recent outages.
Ofwat proposes £22m penalty for South East Water after supply interruptions in Kent and Sussex affected over 286,000 customers between 2020 and 2023, with ongoing investigation into recent outages.
South East Water has been fined for repeated failures in water supply affecting Kent and Sussex, highlighting ongoing issues in the region's infrastructure and regulatory oversight.
South East Water has been fined £22 million by regulator Ofwat for repeated water supply failures affecting over 286,000 customers in Kent and Sussex between 2020 and 2023, with ongoing investigations into recent outages.
Experts argue that price mechanisms and domestic energy investment, not rationing, are key to addressing oil supply disruptions from the Iran-Israel war, drawing lessons from the 1970s crisis.
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Major tech companies, including Google and Microsoft, signed a pledge at the White House to cover electricity generation costs for data centers, aiming to prevent rising energy bills for consumers.
A widespread blackout has plunged western Cuba into darkness, affecting millions in Havana and beyond. This latest outage highlights the island's struggle with dwindling oil reserves and increasing US pressure on suppliers.
The UK's energy profits levy faces mounting criticism as unions and businesses argue it harms jobs, investment, and energy security during the transition to renewables.
Household energy bills in Great Britain could increase by £160 annually from July, reaching £1,800, due to soaring gas prices triggered by the Iran conflict and UK's limited storage capacity.
Sadiq Khan calls for calm as drivers queue for hours at petrol stations across the UK, with fuel prices rising after Iran closes the Strait of Hormuz.
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The Middle East conflict disrupts global supply chains, causing petrol price hikes, soaring airline fares, and potential grocery increases in the UK, with warnings of worse to come.
Australian officials reassure citizens that strategic fuel reserves are sufficient, despite concerns over price hikes and shortages due to Middle East tensions.
Money Saving Expert Martin Lewis warns households to urgently switch from the energy price cap as Middle East tensions threaten to spike bills from July, with wholesale gas rates already up 90%.
The escalating Middle East conflict threatens global oil supplies, potentially creating an economic lifeline for Russia's war machine as China and India may turn to Russian energy.
Iran has effectively shut down the Strait of Hormuz for oil and gas exports, with drone attacks reducing maritime traffic by 80% and US military strikes targeting Iranian naval forces, causing global oil prices to surge.
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Financial expert Martin Lewis urges immediate action to lock in cheaper energy rates before potential July price cap increases driven by Middle East tensions.
