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energy cartel

  • FTSE 100 Live: Stocks boom as Trump signals end to Iran war; Starmer eyes closer ties to EU

    Markets

    Good morning and welcome back to the Morning Wire liveblog. President Trump has made his clearest indication yet that the war in Iran might soon come to a close, saying the US will “leave” Iran in “two to three weeks” when they are certain the regime will not be able to build a nuclear weapon [...]

    Keir Starmer
  • Oil surges again as industry faces ‘largest disruption in history of the market’

    Energy

    The global energy body has warned the current oil crisis triggered by the war in the Middle East marks the “largest disruption” in history of the commodity’s market. The International Energy Agency (IEA) made a record intervention in the market on Wednesday, with the release of 400m barrels from the strategic reserves. But the move [...]

    Diversified Energy Company said it would pay for the sale with a $35m share issuance.
  • Green light given to class-action lawsuit over electricity costs

    energy

    Damages sought for consumers are in the hundreds of millions of pounds.

    UK industrial electricity prices are the highest in the G7 and 46 per cent above the average of the International Energy Agency.

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  • WPP slashes jobs as revenue continues to fall

  • As it happened: Stocks rise as oil fluctuates after Red Sea attack; US-Iran deal ‘being circulated’

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