American truckers, businesses and consumers could soon get some relief as the White House explores options to reduce diesel costs. With diesel prices climbing above $6.50 per gallon in many areas, the Trump administration is reportedly reviewing measures that could ease the burden on transportation and supply chains. One option under discussion is the federal diesel tax, currently around 24 cents per gallon. The move comes as high fuel costs continue to ripple through the economy, affecting everything from freight rates to grocery prices.


US Diesel prices surge to record highs 

Bolivia is making a major change to diesel prices, and consumers are likely to feel the impact immediately.
The government has announced that diesel will now be sold at the same price Bolivia pays to import it, effectively ending the subsidy that kept fuel prices artificially low.

Bolivia ends diesel subsidy amid IMF deal

Seven months into widening global conflict and West Asian tensions, India continues to manage supply disruptions through strategic energy maneuvering. Russia has solidified its position as India's top crude supplier, with imports reaching record levels in July and accounting for over 50% of the country's seaborne crude intake. Facing potential supply bottlenecks along Red Sea transit routes and Saudi export pipelines, Indian refiners are leveraging flexible spot purchases and discounted Russian grades to buffer against global price shocks and domestic demand pressures.  


Seven months of war: How India is keeping energy flows alive

Europe is bracing for a more expensive winter as natural gas prices continue to climb and fuel markets tighten. October gas contracts have surged around 10% in a week, raising concerns over household energy bills and broader inflation. At the same time, large diesel shipments are being redirected to Europe to meet demand. While storage levels remain relatively healthy, policymakers and consumers alike are watching energy markets closely as colder months approach and supply risks persist.


Europe's winter energy crisis: Rising gas prices spark fresh cost fears

China's next-generation "artificial sun" has achieved a major breakthrough, sustaining temperatures of 100 million degrees for 1,000 seconds. Scientists believe this fusion technology could revolutionize clean energy and bring humanity closer to unlimited power. 

Fusion named a key priority in China's 2026-2030 national plan

Global oil giants are set to report their strongest quarterly profits since the energy market shock, driven by higher crude prices and resilient demand. But as earnings soar, the industry is once again facing political pressure and renewed scrutiny over windfall gains, energy costs, and calls for tougher regulation.


Oil rally delivers bumper profits, sparks fresh scrutiny of big oil

Total-energies has shipped the first cargo from Mexico's Energia Costa Azul, or ECA, LNG terminal in Baja California. Here the geography matters more than the volume.


US Gas Reaches Asia, Skips Hormuz and Panama

Organisation of the petroleum exporting countries, or OPEC, has agreed to raise its oil production target by 188 thousand barrels per day from August, extending its phased increase in supply. The decision follows similar output hikes for June and July and is part of the group's plan to gradually reverse production cuts introduced in 2023.

Global oil supply set to rise again in August 

Biofuels are making a comeback as volatile oil markets push governments to rethink energy security. Interest in cleaner fuels had surged after the pandemic, with the International energy agency projecting biofuel demand would more than double by 2030 to support global net-zero goals.


Rising oil prices revive Asia’s biofuel push

The West Asia war has triggered a global energy shock. From deadly protests in Kenya to economic chaos in Bolivia, the world is feeling the impact of falling oil supplies, rising prices, and fears that global reserves could hit critical levels within weeks.


IEA Warns Global Oil Stockpiles Are Depleting at an Alarming Rate

The US-Israel war with Iran has cost global companies at least $25 billion. The financial toll—driven by soaring energy prices, fractured supply chains, and severed trade routes in the Strait of Hormuz—has led hundreds of businesses to enact price increases, production cuts, and dividend suspensions.


Iran War Costs Companies $25BN Globally

India and the UAE have signed a major defence pact while expanding cooperation across infrastructure and finance sectors. The agreement strengthens strategic ties between the two nations as the UAE commits fresh investments into India’s growing economy. Officials say the partnership will boost defence collaboration, trade, connectivity, and long-term economic projects, further deepening relations between New Delhi and Abu Dhabi amid shifting regional dynamics.

UAE To Invest In India Infra, Finance: Energy Security In Focus 

Is the global economy ignoring a looming crisis? Even as oil prices surge and energy risks intensify, markets are continuing their upward march. The S&P 500 has hit record highs, but economists warn the optimism may be misplaced. With inflation pressures rising and growth slowing, concerns are mounting that a ‘day of reckoning’ may not be far away.

Tech Rally Powers Markets Through Energy Shock 

Oil markets remain on edge as the United States–Iran conflict continues to create uncertainty despite a fragile ceasefire. Prices have been swinging sharply as investors struggle to assess supply risks, especially with disruptions around the Strait of Hormuz.

With energy flows impacted and no clear resolution in sight, volatility is becoming the defining theme for global oil markets. We discuss the outlook with market expert Ajay Bagga and what it means for investors and economies worldwide.

Oil Prices Remain Volatile Amid Uncertainity

The US economy is facing a fresh energy shock at a critical moment. Fuel prices are surging at their fastest pace in decades, pushing inflation higher and threatening to derail growth just months before the midterm elections. This raises a key question… Can the Trump administration contain the fallout before November?


Can Trump Contain the Energy Fallout? 

Iran has likely earned hundreds of millions of dollars of extra income from oil sales since the start of the war, benefiting from a surge in the price of its crude after it became the only major exporter able to use the Strait of Hormuz.


Energy Crisis: Iran's Oil Production & Revenues Surge Amid Hormuz Blockade

Russian Deputy Prime Minister Alexander Novak on Friday instructed the energy ‌ministry ⁠to draft ⁠a resolution banning gasoline exports from April 1, the Russian government said.

The ⁠state-run TASS ‌news agency earlier ⁠reported that the ban would remain in place until July 31.

Russia Imposes Ban on Gasoline Exports For Producers

The ongoing Gulf crisis is reshaping global energy priorities, as countries increasingly prioritise energy security and affordability over decarbonisation goals.

Disruptions in oil and gas supplies, particularly around key routes like the Strait of Hormuz, have triggered renewed reliance on fossil fuels amid rising volatility.

As governments scramble to stabilise supply and control prices, the path to net zero is facing fresh uncertainty, raising questions about the future of climate commitments.

US-Iran War: Energy Security Replaces Decarbonisation as Top Priority | World Business Watch

Global energy markets are under intense pressure as disruptions threaten up to 400 million barrels of oil supply. Key oil fields, ports, and terminals have reportedly been targeted, raising concerns over supply stability. The Strait of Hormuz, a critical chokepoint for global oil flow, remains under threat, making markets increasingly volatile. Analysts warn this could trigger sustained high prices and wider economic ripple effects if the situation escalates further.


Inside the Biggest Energy Shock Ever

European leaders have convened to address the worsening energy crisis triggered by the war in West Asia. With rising oil and gas prices and supply disruptions, the meeting focuses on energy security, economic impact, and coordinated policy responses.

European Leaders Gather to Discuss Energy Crisis Triggered by the War in West Asia

The Government of India has assured that petrol and diesel supplies are adequate across the country, amid recent concerns over fuel availability. Authorities confirm that production and distribution channels are functioning normally, ensuring uninterrupted access for consumers and industries.

Breaking: Indian Govt Confirms Petrol & Diesel Supplies Adequate Nationwide

India is navigating rising energy demand with sufficient coal reserves, currently enough to last approximately 88 days, according to the government. This move aims to stabilize electricity supply and prevent disruptions amid global energy volatility.

India’s Energy Strategy Amid Shocks | Coal Reserves Enough for 88 Days

The spike in oil and natural gas prices from the Iran conflict may seem eerily similar to the 2022 energy crisis. But the economic backdrop now looks very different. In this next report, from the jobs market to monetary policy, we dive into what has changed over the past four years. 


US-Iran War: Is 2022 The Right Playbook For How Iran Crisis Plays Out?

As the Iran conflict enters its second week, global energy markets are under intense pressure and analysts are warning of further oil price spikes due to potential supply disruptions. Shares of Saudi Arabia’s oil giant, Saudi Aramco, surged on Sunday - marking their biggest rise since April 2023 - as investors reacted to fears that oil flows could be interrupted by the escalating war and supply routes around the Strait of Hormuz. Aramco’s stock climbed as much as 4.9 %, before settling with strong gains, while Brent crude topped $90 per barrel amid broader market volatility.

Energy Markets Roil: Iran War Boosts Saudi Aramco Shares

The escalating conflict in West Asia is raising concerns for India beyond energy and trade. Remittances are emerging as another potential economic risk.


How Conflict in West Asia Impacts India

Global energy markets are on edge as tensions escalate in West Asia.
Oil prices have surged and fears of supply disruptions are rising. But the world’s energy watchdog says there is no immediate need to release emergency oil reserves.
The international energy agency says supply remains adequate for now, even as geopolitical risks mount.

IEA Sees No Need to Tap Oil Reserves Yet

Rising tensions around Iran and the wider West Asia conflict are once again shaking global energy markets. Beyond the immediate shock to oil and gas supplies, analysts say the crisis could accelerate a major global shift toward renewable energy.

Experts believe countries worried about energy security may double down on solar power, battery storage, and domestic clean energy infrastructure to reduce dependence on volatile fossil fuel markets.

US-Israel War Against Iran: Energy Supply Volatility Creates Chaos

The global energy transition faces a growing reality check as the United States pushes the International Energy Agency to prioritize energy security over climate targets. Meanwhile, Europe’s demand for liquefied natural gas (LNG) continues to surge, raising questions about balancing net-zero ambitions with energy security and economic stability. This video explores the geopolitics of energy, U.S. strategy to expand LNG exports, and the challenges Europe faces in achieving sustainable energy while keeping the lights on.

Europe’s Energy Paradox: U.S. Energy Dominance Plan Targets Europe’s LNG Demand

Over 80 million Americans, or nearly 1 in 3 households, are struggling to pay, or are behind on, their utility bills. Driven by rising electricity costs—up over 10% in early 2026—and infrastructure upgrades, many households are forced to choose between paying for energy and other essentials like food or medicine. 


More Than 80 Million Americans Struggle to Pay Power Bills

Cuba is facing frequent power cuts as the United States’ energy blockade continues to strain the island’s electricity supply. The ongoing restrictions have worsened the nation’s energy crisis, affecting households, businesses, and essential services.


US Energy Blockade Cripples Cuban Hospital; Ambulances Are Out Of Fuel

America’s push for energy dominance is driving record liquefied natural gas exports — but could it be raising costs at home?

Under President Donald Trump, the United States has expanded LNG exports to global markets, strengthening its position as a top energy supplier. However, higher overseas demand may also tighten domestic supply, potentially impacting US energy bills.

Is energy dominance boosting the economy — or creating affordability challenges for American households? Here’s a closer look at the trade-offs shaping US energy policy.

Rising LNG Exports Add Pressure on U.S. Energy Bills Under Trump

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