Why The IEA Says Oil Markets May Enter A ‘Red Zone’
Speaking during a Chatham House discussion on energy security, Birol said reopening the Strait of Hormuz remains the most important solution to easing pressure caused by the Iran conflict.
Energy
Oil Prices Drop As Trump Says Iran Talks Near Final Stage
West Texas Intermediate crude fell nearly 5% to below $100 per barrel, while Brent crude also declined around 5%.
China Advances Wireless Space Energy Transmission Project
According to state media reports, the system was developed by a team at Xidian University in Xian under senior engineer Duan Baoyan
Trump To Decide On China-Iran Oil Sanctions Soon
President Donald Trump said he will soon decide whether to lift sanctions on Chinese firms purchasing Iranian crude oil.
UAE Expands Oil Export Network Amid Strait Of Hormuz Crisis
The new pipeline, expected to begin operations in 2027, will expand the export capacity of Abu Dhabi National Oil Company, commonly known as ADNOC.
Super Power To Spare: How Battery Tech Illuminates Competition Between U.S. & China
One year ago, the Chinese battery giant CATL announced that it had redefined the limits of electric cars by creating a battery that could power a vehicle for 320 miles on a 5-minute charge.
What Is Driving Higher Food Prices Beyond Gas Costs
According to Labor Department data, prices for food consumed at home rose 2.9% from a year earlier, the highest annual increase since August 2023. Restaurant and prepared meal prices also climbed, pushing overall food inflation to 3.2%.
