The Iran crisis has reshaped global energy markets, sending crude oil prices soaring and delivering massive profits to the world's biggest oil companies. As disruptions in the Strait of Hormuz pushed oil above $126 per barrel, energy giants including Saudi Aramco, ExxonMobil, Chevron, Shell, BP, and TotalEnergies reported record quarterly earnings.

Combined profits reached nearly $93 billion between April and June, while consumers worldwide struggled with soaring fuel and energy costs. The windfall has sparked political criticism and renewed calls for stronger taxes on excess profits and greater investment in clean energy.

Iran War Fuels Oil Profits: Energy Giants Earn $93 Billion in Just 3 Months

The Trump administration has attempted to calm global markets by announcing a war-risk insurance programme for ships and promising naval protection for vessels passing through the strait of Hormuz. The move was aimed at reassuring shipping companies and oil traders that the world’s most critical energy corridor remains open for business.


Hormuz Traffic Down Over 90% Despite US Insurance Plan 

India’s Petroleum Minister Hardeep Singh Puri speaks to WION on the sidelines of the fourth edition of India Energy Week, sharing insights on India’s energy transition, global oil markets, and the country’s strategy for energy security and sustainability.


Hardeep Singh Puri on India's Growing Leadership in Energy Sector | India Energy Week 

Prime Minister Narendra Modi hailed the India-EU partnership while addressing the inauguration of India Energy Week 2026 in Goa. The event brings together global energy leaders, policymakers and industry experts to discuss energy security, clean transition, investment and cooperation amid shifting global energy dynamics.


India Energy Week 2026 | India Targets $100 Bn Investment by 2030 in Energy Sector 

Niger is in deep water. Being one of the poorest nations. Niger is losing its allies and financial assistance.

Will the coup in Uranium-rich Niger drive France & Europe into a deep energy crisis?

With the start of the new year, India also awaits what the government will bring in its annual budget. From income tax to other policies, people look forward to the finance minister's speech in Parliament.

Budget 2023-24: What should India expect in the energy sector?

Ukrainian President Volodymyr Zelensky said on Tuesday that the country will need emergency aid to its energy sector in excess of $843 million. Due to the ongoing conflict with Russia, the power grids and key energy infrastructures in Ukraine have suffered quite a bit resulting in major blackouts and power failures.

Ukraine needs more than $800 million in energy sector aid, says Volodymyr Zelensky

China is in the midst of its worst heat wave on record. Things are starting to look bleak for the country's energy sector. In response to the high demand for electricity, coal power plants are being fired up across the country.

WION Climate Tracker | Record heat wave in China; drought shrinks water levels across the country

Russia's deputy Prime Minister reached out to India's petroleum minister seeking more investments in Russia's energy sector. Will India agree to buy more Russian oil? Can New Delhi help Russia blunt western sanctions? Palki Sharma tells you.

Gravitas: Putin bets on India's help to rescue energy sector

The coronavirus crisis can cause $25 trillion fossil fuel industry collapse by accelerating a terminal decline for the world’s most polluting companies. A study has found that the value of the world’s fossil fuel reserves could fall by two-thirds, sooner than the industry expects, because the crisis has hastened the peak for oil, gas and coal demand.

Coronavirus crisis can trigger collapse of $25 trillion fossil fuel industry

Bangladesh has signed an agreement to buy 718 megawatts of electricity from India's Reliance Power over the next 22 years, the company said on Sunday. Reliance plans to invest about $1 billion to set up a local plant by 2022 to provide the electricity.

Bangladesh signs deal with Reliance Power to buy electricity

Energy sector is crucial in overcoming US's trade deficit as well as help build PM Modi's vision for a new India

Building an energy partnership is key to PM Modi's visit to the US

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