Oil rises as supply concerns persist amid shipping attacks
US cuts output as hurricane threatens offshore production
A selection of stories about the Strait of Hormuz
US cuts output as hurricane threatens offshore production
Disruption to oil supply, oil prices and the world economy has been surprisingly manageable so far
Irish airport operator DAA has contract to operate terminal at one of the Saudi airports attacked
Amin Nasser says inventories depleted by Middle East conflict could take up to two years to rebuild
Average price of petrol in Ireland is €1.99 per litre, while diesel stands at €2.16 per litre, monitoring site reports
Energy crisis and extreme weather events in summer expected to trigger higher food prices
US and Iran have failed to make headway toward a lasting peace agreement
Trump at centre of lobbying fight between Big Oil and top Republicans warning of voter anger at high fuel prices
Trump rejects proposal to resume full traffic through Strait of Hormuz in seven days
However, the US president says he expects talks with Tehran to resume shortly
Tehran says US negotiators have yet to formally respond to its plan to reopen the Strait of Hormuz
US president privately sceptical Tehran would meet his demands to dismantle its nuclear programme
Pearse Doherty warns of more increases in electricity prices before Budget 2027 and criticises cut in energy credits
But the two countries remain far apart on ways to halt conflict
Optimism around diplomatic push to end seven-month conflict drives prices lower
Donald Trump acts as Vladimir Putin’s puppet for reasons that remain shrouded in secrecy
Key route for Saudi crude to reach Red Sea has been closed for two weeks following drone strikes
Diplomatic push to end US-Iran war but no guarantees talks will show tangible progress
Trump has left open the possibility of meeting Iran’s president Masoud Pezeshkian in New York this week
Signs that supply disruptions in the Middle East are set to ease
Transition is under way but the task lacks the timeline and tough decisions to complete the job
Yemeni militant group claims it shot down a Saudi F-15 fighter jet
Gulf Arab states postpone planned discussions with Iran
Iran-backed Houthi militia also take mainland Red Sea coastal town of Dhubab
Move is part of a drive to extend control over strategic global shipping routes
Renewed fighting over the past week has ended a period of relative calm
Brent crude advances as escalation in US-Iran war feeds fears of renewed global supply crunch
Iran-backed Houthi militia assaults wound 73
Tehran warns of ‘serious consequences’ if Seoul sends forces to the Strait of Hormuz
Renewed fighting between the US and Iran has ended period of relative calm
Economy minister Ali Madanizadeh says Tehran plans to respond to US economic pressure with reforms
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