Iran has launched missile attacks on a major liquefied natural gas (LNG) facility in Qatar in retaliation for an Israeli strike on its South Pars gas field, sharply escalating the region’s war and threatening global energy markets. The attack on Qatar’s Ras Laffan Industrial City home to one of the world’s largest LNG hubs caused […]
Finance ministers from the Group of Seven (G7) advanced economies are set to hold an emergency meeting on Monday to consider a joint release of strategic oil reserves in an effort to calm surging global crude prices and shield vulnerable economies from further fallout, a French government source said. The talks, confirmed by officials in […]
Governments across Asia, Europe and Africa are rushing to shield their economies from the growing fallout of the war involving Iran, as global oil prices surge to their highest levels in years and financial markets react with sharp volatility. Energy markets were jolted Monday after escalating fighting in the Middle East raised fears of major […]