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‘Poor bear the impact’: Sugar prices soar in India, souring festive season

India normally produces more sugar than it consumes, but a supply crisis has reversed that balance, hurting sugarcane farmers and low-income consumers. Retail prices have climbed to as much as 75 rupees per kilogramme in some markets, up from 40 rupees in September 2025, raising fears that Diwali sweets will become more expensive.

Energy & commoditiesIndiasugar pricesDiwalisugarcane farmers

AAl JazeeraOriginal★★★☆☆2026-09-17 08:46

‘Poor bear the impact’: Sugar prices soar in India, souring festive season
‘Poor bear the impact’: Sugar prices soar in India, souring festive season

Dollar appeal and oil surge fuel bearish bets on emerging Asian currencies: Reuters poll

Bearish sentiment toward most emerging Asian currencies intensified, a Reuters poll showed on Thursday, as investors faced the combined pressures of escalating tensions in the Middle East and rising U.S. Treasury yields.

MarketsEnergy & commoditiesemerging Asian currenciesU.S. dollaroil pricesTreasury yields

RReutersOriginal★★★☆☆2026-09-17 07:45

Dollar appeal and oil surge fuel bearish bets on emerging Asian currencies: Reuters poll
Dollar appeal and oil surge fuel bearish bets on emerging Asian currencies: Reuters poll

U.S. diesel prices hit record high as bitcoin and gold struggle

U.S. diesel prices have reached a record, potentially feeding into consumer-price inflation and reinforcing expectations of further Federal Reserve rate hikes. The central bank appears determined to keep raising rates despite an oil supply shock.

Macro & central banksEnergy & commoditiesCryptoDiesel pricesInflationFederal Reserve

CCoinDeskOriginal★★★☆☆2026-09-17 07:27

U.S. diesel prices hit record high as bitcoin and gold struggle
U.S. diesel prices hit record high as bitcoin and gold struggle

China and IEA sign three-year energy cooperation plan

China’s National Energy Administration and the International Energy Agency have agreed on a three-year plan to deepen energy cooperation. NEA Administrator Wang Hongzhi and IEA Executive Director Fatih Birol discussed international energy developments in Beijing, with both sides highlighting closer collaboration and sustainable energy development. China also plans to invest 5 trillion yuan in the power grid over the next five years.

Energy & commoditiesChinaIEAenergy cooperation

CChina News ServiceOriginal★★★☆☆2026-09-17 06:57

China and IEA sign three-year energy cooperation plan

Exchange Fund weighs bigger gold holdings to support Hong Kong’s trading hub plan

Hong Kong’s Exchange Fund is considering raising its holdings of gold and other precious metals as the government seeks to develop the city into a gold-trading hub. HKMA chief executive Eddie Yue said the fund would continue to invest mainly in US-dollar assets to support the Hong Kong dollar’s peg.

MarketsEnergy & commoditiesHong Konggold tradingExchange Fund

SSouth China Morning PostOriginal★★☆☆☆2026-09-17 06:00

Exchange Fund weighs bigger gold holdings to support Hong Kong’s trading hub plan
Exchange Fund weighs bigger gold holdings to support Hong Kong’s trading hub plan

India faces 100% tariff threat over Russian oil after US House vote

The US House has passed legislation allowing Donald Trump to impose tariffs of up to 100% on countries buying Russian oil and gas. India, a major Russian crude customer, could face higher costs if it switches suppliers, while the threat may also affect Indian exports to the US, the rupee, refinery margins and the trade balance.

Energy & commoditiesTrade & sanctionsIndiaUS tariffsRussian oilenergy security

BBBC NewsOriginal★★★★☆2026-09-17 05:33

India faces 100% tariff threat over Russian oil after US House vote
India faces 100% tariff threat over Russian oil after US House vote

Oil prices extend losses as Middle East supply fears ease

Oil prices dropped in early Thursday trading, extending the previous session’s decline, after reports that Saudi Arabia would offer additional crude cargoes through Oman eased concerns about disruptions to Middle East supplies.

Energy & commoditiesoil pricesSaudi ArabiaMiddle East supply

RReutersOriginal★★☆☆☆2026-09-17 02:20

Oil prices extend losses as Middle East supply fears ease
Oil prices extend losses as Middle East supply fears ease

Bank of England set to hold rates as energy shock fuels hike talk

The Bank of England is expected to leave interest rates unchanged on Thursday, but investors are looking for signs that soaring energy prices could push it to follow the U.S. Federal Reserve, which raised borrowing costs a day earlier.

Macro & central banksEnergy & commoditiesBank of Englandinterest ratesenergy prices

RReutersOriginal★★★☆☆2026-09-17 01:10

Bank of England set to hold rates as energy shock fuels hike talk
Bank of England set to hold rates as energy shock fuels hike talk

Gold rebounds after Fed rate rise as banks back long-term demand outlook

Gold prices recovered after the US Federal Reserve raised interest rates, with analysts and investment banks retaining a positive long-term view of the metal amid structural challenges facing the US economy. Spot gold was at US$4,288 an ounce in Asian trading on Thursday after falling as much as 2.7 per cent to US$4,234.

Macro & central banksEnergy & commoditiesBanking & financeGoldFederal ReserveInterest rates

SSouth China Morning PostOriginal★★★☆☆2026-09-17 01:08

Gold rebounds after Fed rate rise as banks back long-term demand outlook
Gold rebounds after Fed rate rise as banks back long-term demand outlook

Exxon advances talks to return to Venezuela's Orinoco Belt, sources say

ExxonMobil is negotiating a return to Venezuela and has expressed interest in the large Petromonagas heavy-oil project in the Orinoco Belt, where it previously held a stake, as well as parts of the neighboring Carabobo block, according to people familiar with the talks.

Energy & commoditiesExxonMobilVenezuelaOrinoco Belt

RReutersOriginal★★★☆☆2026-09-17 00:00

Exxon advances talks to return to Venezuela's Orinoco Belt, sources say
Exxon advances talks to return to Venezuela's Orinoco Belt, sources say

Bitcoin miners sign $100 billion in AI deals, but little revenue has arrived

Bitcoin miners have signed more than $100 billion in AI contracts while producing only about $1.1 billion in annualized revenue. CoinShares says over 4 gigawatts of AI and HPC capacity is contracted, but roughly 550 megawatts is billing. Investors are rewarding the pivot because grid-connected power has become scarce, despite costly retrofits and the loss of some mining operations.

Macro & central banksEnergy & commoditiesCryptoCompanies & industryTech & AIBitcoin miningartificial intelligencedata centerspower infrastructure

CCryptoSlateOriginal★★☆☆☆2026-09-16 22:10

Bitcoin miners sign $100 billion in AI deals, but little revenue has arrived
Bitcoin miners sign $100 billion in AI deals, but little revenue has arrived

US makes major wartime bet on Ukraine’s largest private energy company with $85 million investment

Ukraine’s largest private energy company, DTEK, secured an $85 million loan from the U.S. International Development Finance Corporation for a battery storage project, its biggest wartime transaction. The financing will help expand storage and stabilize the grid as Russia continues targeting Ukraine’s energy facilities, while DTEK says the deal could encourage more foreign investment.

MarketsEnergy & commoditiesCompanies & industryUkraineDTEKUS investmentbattery storage

TThe Kyiv IndependentOriginal★★★★☆2026-09-16 19:37

US makes major wartime bet on Ukraine’s largest private energy company with $85 million investment
US makes major wartime bet on Ukraine’s largest private energy company with $85 million investment

Iran war could add $8.5 billion to Spanish industry's energy costs this year, lobby group says

Higher energy prices caused by the Iran war could add nearly €7.4 billion ($8.5 billion) to the costs faced by Spanish manufacturers through the end of 2026, an industry lobby group said on Wednesday.

Energy & commoditiesCompanies & industryIran warSpainenergy costs

RReutersOriginal★★★☆☆2026-09-16 18:10

Iran war could add $8.5 billion to Spanish industry's energy costs this year, lobby group says
Iran war could add $8.5 billion to Spanish industry's energy costs this year, lobby group says

France to extend targeted fuel aid measures until end of year

French Prime Minister Sebastien Lecornu has asked ministers to keep targeted support in place through the end of the year for sectors hit hard by fuel price surges linked to the Iran war. His office said the measure is intended to protect economic activity, jobs and growth while giving companies visibility.

Macro & central banksEnergy & commoditiesFrancefuel aidenergy priceseconomy

RReutersOriginal★★★☆☆2026-09-16 18:05

France to extend targeted fuel aid measures until end of year
France to extend targeted fuel aid measures until end of year

Trump oil ally Harold Hamm to invest in Venezuela

Continental Resources founder Harold Hamm is set to invest in Venezuela, marking the latest move by a western oil producer into the country after the US military seized power from President Nicolás Maduro.

MarketsEnergy & commoditiesVenezuelaoil investmentContinental Resources

FFinancial TimesOriginal★★★☆☆2026-09-16 17:39

Trump oil ally Harold Hamm to invest in Venezuela

India considers cutting vegetable oil import taxes as prices climb

India, the world’s biggest importer of vegetable oils, is considering lowering import taxes on the commodities to curb food inflation, according to two government and two industry sources. The move is being weighed as the peak-demand festival season begins.

Macro & central banksEnergy & commoditiesTrade & sanctionsIndiavegetable oilsimport taxesfood inflation

RReutersOriginal★★★☆☆2026-09-16 17:10

India considers cutting vegetable oil import taxes as prices climb
India considers cutting vegetable oil import taxes as prices climb

‘Science fiction’: Transport companies, the backbone of the economy, sound the alarm over fuel prices

Diesel, the fuel used to power trucks and trains, reached an all-time high of $6.31 per gallon on Wednesday, prompting transport companies to raise the alarm over fuel costs.

Macro & central banksEnergy & commoditiesCompanies & industrydiesel pricestransportationeconomy

CCNBCOriginal★★☆☆☆2026-09-16 16:57

‘Science fiction’: Transport companies, the backbone of the economy, sound the alarm over fuel prices
‘Science fiction’: Transport companies, the backbone of the economy, sound the alarm over fuel prices

US oil inventories fall by 0.6 million barrels in a week, Department of Energy says

US commercial oil inventories declined by 0.6 million barrels over the week to 423.4 million barrels as of September 11, the Department of Energy reported. Stocks were 5% below the five-year seasonal average. November Brent futures fell 1.68% to $106.92 per barrel, while October WTI futures dropped 2.25% to $103.34.

Energy & commoditiesUnited Statesoil inventoriesDepartment of Energyoil prices

TTASSOriginal★★☆☆☆2026-09-16 16:15

US oil inventories fall by 0.6 million barrels in a week, Department of Energy says

France: TotalEnergies’ cut-price fuel sparks controversy among rivals

TotalEnergies service stations are accused of distorting competition by advertising France’s lowest fuel prices. Supermarkets that typically sell fuel at a loss to attract customers, as well as independent stations, are furious.

Energy & commoditiesTotalEnergiesfuel pricesFrancecompetition

EeuronewsOriginal★★☆☆☆2026-09-16 16:00

France: TotalEnergies’ cut-price fuel sparks controversy among rivals

BRICS cooperation to expand India’s access to minerals, energy and technology, expert says

Closer BRICS cooperation will give India wider access to critical minerals, energy resources, technology and capital while creating new manufacturing partnerships, FIEO President Subhash Chander Ralhan told TASS. He said India could expand opportunities across goods, pharmaceuticals, automobiles, electronics, renewable energy, healthcare and digital services, while joining the production and supply chains developing across BRICS economies.

Energy & commoditiesTrade & sanctionsBRICSIndiatradesupply chains

TTASSOriginal★★★☆☆2026-09-16 15:33

BRICS cooperation to expand India’s access to minerals, energy and technology, expert says

Kazakhstan interested in Power of Baikal pipeline crossing its territory

Kazakhstan would welcome the Power of Baikal gas pipeline, formerly known as Power of Siberia 2, running through its territory because it could help supply the country’s northeastern regions, Vice Energy Minister Kaiyrkhan Tutkyshbayev said. He stressed that Kazakhstan is not involved in route negotiations, which are being conducted by Russia and China.

Energy & commoditiesKazakhstannatural gas pipelineRussiaChina

TTASSOriginal★★★☆☆2026-09-16 13:17

Kazakhstan interested in Power of Baikal pipeline crossing its territory

Kazakhstan ready to expand transit of Russian gas to Uzbekistan

Kazakhstan has fulfilled its obligations and is prepared to provide additional transit of Russian gas to Uzbekistan, Deputy Energy Minister Kaiyrkhan Tutkyshbayev said. Uzbekistan and Russia are negotiating, while a final transit decision has yet to be made.

Macro & central banksEnergy & commoditiesKazakhstanRussian gasUzbekistanenergy infrastructure

TTASSOriginal★★★☆☆2026-09-16 13:00

Kazakhstan ready to expand transit of Russian gas to Uzbekistan

Russian oil and gas equipment share could reach 82% this year — minister

Russia’s share of the oil and gas equipment market could rise by two percentage points to 82% this year, Industry and Trade Minister Anton Alikhanov said. The market totaled 294 billion rubles ($3.48 billion) in the first half of 2026 and could reach 800 billion rubles ($9.47 billion) by year-end.

Energy & commoditiesCompanies & industryRussiaoil and gas equipmentindustrial manufacturing

TTASSOriginal★★★☆☆2026-09-16 12:49

Russian oil and gas equipment share could reach 82% this year — minister
  • Russia’s oil and gas equipment production independence reaches 80% — minister

    Industry and Trade Minister Anton Alikhanov said Russia had raised its independence from imported oil and gas equipment to nearly 80% by the end of last year and aims to reach 90% localization by 2030. He said production must be mastered for 220 critical items; 55 are in serial production, 56 are undergoing prototype tests and more than 80 R&D projects are underway.

    Russiaoil and gas equipmentindustrial localization

    TTASS★★★☆☆2026-09-16 12:37Original

Kraft Heinz CEO discusses American food, affordability and safety

Kraft Heinz sells about two million bottles of ketchup daily and owns more than 200 brands, including Lunchables and Capri Sun. NBC’s Vicky Nguyen speaks with new CEO Steve Cahillane about the company’s direction as consumers seek less-processed foods and cheaper store brands.

Companies & industryKraft Heinzfood industryaffordability

NNBC NewsOriginal★★☆☆☆2026-09-16 12:37

Kraft Heinz CEO discusses American food, affordability and safety
Kraft Heinz CEO discusses American food, affordability and safety

Consumers hit by one-two punch of oil and rates from Iran war; estimated bill is $1,700 per household

Higher oil prices and Treasury yields are raising energy and borrowing costs for U.S. households, prompting consumers to rely more heavily on savings. The estimated burden is $1,700 per household.

Macro & central banksEnergy & commoditiesCompanies & industryIran waroil pricesinterest rateshousehold costs

CCNBCOriginal★★★★☆2026-09-16 12:02

Consumers hit by one-two punch of oil and rates from Iran war; estimated bill is $1,700 per household
Consumers hit by one-two punch of oil and rates from Iran war; estimated bill is $1,700 per household

Egypt’s wind power push, tied to manufacturing, offers lessons for Nigeria and Africa

Egypt plans to pair a 2,000-megawatt wind project with its first turbine manufacturing plant, aiming to turn renewable energy expansion into an industrial opportunity. The approach could offer lessons for Nigeria and other African countries.

Energy & commoditiesCompanies & industryEgyptwind powerrenewable energymanufacturing

TThe Associated PressOriginal★★★☆☆2026-09-16 12:00

Egypt’s wind power push, tied to manufacturing, offers lessons for Nigeria and Africa
Egypt’s wind power push, tied to manufacturing, offers lessons for Nigeria and Africa

No word from Riyadh on oil delivery cancellations as disruption scale remains unclear

The pipeline shutdown is putting pressure on Saudi oil supplies to Europe, while further regional conflict could threaten shipping routes. Riyadh has not commented on reports that some refiners may face delays until November.

Energy & commoditiesSaudi Arabiaoil supplyEuropepipeline shutdown

EeuronewsOriginal★★★★☆2026-09-16 11:50

No word from Riyadh on oil delivery cancellations as disruption scale remains unclear

Kazakhstan will welcome any decision by Lukoil on projects in country

Kazakhstan has no intention of forcing foreign companies out of its oil and gas projects and will welcome any decision by Russia’s Lukoil regarding its projects in the country, Deputy Energy Minister Kaiyrkhan Tutkyshbayev said. He called Lukoil a historic partner and said all issues remain open for discussion. Kazakhstan previously said it had priority rights to buy Lukoil’s foreign assets.

Energy & commoditiesKazakhstanLukoiloil and gas

TTASSOriginal★★★☆☆2026-09-16 11:40

Kazakhstan will welcome any decision by Lukoil on projects in country

Kazakhstan, Gazprom sign amendment to gas supply contract

Kazakhstan and Gazprom have signed an amendment to their gas supply contract and plan to begin discussing a long-term agreement by the end of the year, Deputy Energy Minister Kaiyrkhan Tutkyshbayev said. He called Russia Kazakhstan’s strategic partner. Purchases are expected to reach about 11 bcm in 2026, with roughly 9 bcm under discussion for 2027.

Energy & commoditiesCompanies & industryKazakhstanGazpromgas supply

TTASSOriginal★★★☆☆2026-09-16 10:52

Kazakhstan, Gazprom sign amendment to gas supply contract
  • Kazakhstan to buy 11 bcm of gas from Gazprom in 2026

    Kazakhstan will purchase about 11 billion cubic meters of gas from Gazprom in 2026, up from 4 bcm last year, Deputy Energy Minister Kaiyrkhan Tutkyshbayev said. He added that the two sides are discussing supplies of around 9 bcm for 2027, after technical issues affected major fields this year.

    KazakhstanGazpromgas supply

    TTASS★★★☆☆2026-09-16 09:30Original

Japan-Russia trade rises 19.51% to $959 million in August

Trade between Japan and Russia increased 19.51% year on year in August 2026 to 110.3 billion yen, or about $959 million. Imports from Russia rose 24%, while Japanese exports grew 10.5%. LNG remained Japan’s leading Russian import, and cars and auto parts led exports to Russia.

Energy & commoditiesTrade & sanctionsCompanies & industryJapan-Russia tradetrade growthLNGauto exports

TTASSOriginal★★★☆☆2026-09-16 08:20

Japan-Russia trade rises 19.51% to $959 million in August

EU loses €90 billion due to Strait of Hormuz situation, Commission president says

European Commission President Ursula von der Leyen said the conflict around Iran and the situation in the Strait of Hormuz have cost the EU an additional €90 billion in imported fossil fuels without adding any energy supply. She urged the bloc to intensify efforts on affordable, homegrown clean energy and said doubling electricity’s share by 2040 could cut its annual fossil-fuel import bill by €260 billion.

Energy & commoditiesEUStrait of Hormuzenergyclean energy

TTASSOriginal★★★★☆2026-09-16 08:19

EU loses €90 billion due to Strait of Hormuz situation, Commission president says
  • Iran war has cost the US more than $38 billion, CBO says

    The Congressional Budget Office says the Iran war has cost the United States more than $38 billion so far. Depending on how intense the fighting is, spending could rise by as much as $3 billion per month.

    Iran warUS spendingCongressional Budget Office

    Eeuronews★★★★☆2026-09-16 07:40Original
  • US House votes for third time to end US involvement in Iran war
    US House votes for third time to end US involvement in Iran war

    The US House has voted for a third time to end American involvement in the war with Iran.

    US HouseIran warwar powers

    TTRT World★★★★☆2026-09-16 05:48Original
  • US House votes to end Iran war for third time, with seven Republicans in favour
    US House votes to end Iran war for third time, with seven Republicans in favour

    The US House voted 220-204 to approve a war powers resolution for the third time, seeking to halt President Donald Trump’s ability to continue military action against Iran without congressional approval. Seven Republicans supported it, but none of the resolutions has reached the president, who would almost certainly veto it.

    US HouseIran warwar powers resolution

    AAl Jazeera★★★★☆2026-09-16 05:36Original
  • Only a handful of ships passed through Strait of Hormuz on Tuesday — news agency

    Reuters, citing analytics firm Kpler, reported that just two ships entered and two exited the Strait of Hormuz on Tuesday, the lowest level recorded. Analysts said none were oil supertankers or liquefied natural gas carriers. Before the conflict, roughly 125 large commercial vessels crossed the strait daily.

    Strait of HormuzIran warshippingenergy

    TTASS★★★★☆2026-09-16 05:35Original
  • House votes for a third time to end Iran war as conflict drags on
    House votes for a third time to end Iran war as conflict drags on

    As the conflict continues, the U.S. House has voted for a third time to end the war in Iran. It approved a war powers resolution late Tuesday aimed at stopping President Donald Trump from continuing military action without congressional approval.

    U.S. HouseIran warwar powers resolution

    TThe Associated Press★★★★☆2026-09-16 04:30Original
  • US House approves resolution demanding end to Iran war

    The US House voted 220-204 for a resolution urging President Donald Trump to end military operations against Iran. The nonbinding measure is only a recommendation. The report says the US and Israel began the war on February 28, while Washington resumed massive strikes on July 8, accusing Tehran of violating agreements concerning the Strait of Hormuz.

    US HouseIran warDonald Trump

    TTASS★★★★☆2026-09-16 03:04Original
  • House votes to demand Trump end war with Iran

    The House approved a measure requiring President Donald Trump to end his war with Iran. The vote delivered a potent political rebuke of the administration’s handling of the conflict just weeks before the midterm elections.

    US politicsIran warHouse of RepresentativesDonald Trump

    CCNN★★★★☆2026-09-16 02:58Original
  • Iran escalates drone hunt in Strait of Hormuz to expose US battlefield secrets
    MAJORIran escalates drone hunt in Strait of Hormuz to expose US battlefield secrets

    Drone experts warn that Iran is deliberately targeting U.S. naval drones in the Strait of Hormuz to study American surveillance capabilities and learn how to evade U.S. defenses. The warning followed an attempted IRGC seizure of a U.S. unmanned surface vessel, after which the U.S. military destroyed two Iranian small boats. Experts say even brief access to captured hardware could reveal sensors, tactics and battlefield vulnerabilities.

    IranStrait of HormuzdronesUS-Iran conflict

    FFox News★★★★★2026-09-16 00:56Original
  • Iran war is driving inflation and straining US munitions, congressional report says
    MAJORIran war is driving inflation and straining US munitions, congressional report says

    A Congressional Budget Office report says the six-month US war on Iran has cost $38bn and could add $3bn monthly. It projects a 0.5-percentage-point inflation increase in early 2027 and says replenishing depleted US munitions stockpiles could take up to five years.

    Iran warUS inflationmunitions stockpiles

    AAl Jazeera★★★★★2026-09-16 00:38Original
  • Iran war cost US $38bn and significantly depleted missile stockpile, report finds
    MAJORIran war cost US $38bn and significantly depleted missile stockpile, report finds

    The Congressional Budget Office says the Iran war has cost the US at least $38bn and heavily depleted its Patriot, Thaad and Navy interceptor stockpiles, which could take at least five years to rebuild. The report estimates costs would rise by $3bn each additional month and inflation would remain higher.

    US-Iran warwar costsmissile stockpilesinflation

    TThe Guardian★★★★★2026-09-15 21:47Original
  • MAJORVance: US-Iran war to enter ‘different phase’ in coming months

    US Vice President J.D. Vance said the conflict with Iran would enter a completely different phase within two months. He said Washington had completed the first stage, which he described as destroying Iran’s nuclear program and conventional military. Donald Trump has said the conflict could end after the November midterms, while allowing for an earlier settlement.

    US-Iran conflictIranUnited Stateswar phase

    TTASS★★★★★2026-09-15 20:50Original
  • MAJORWar with Iran has cost US taxpayers $38 billion, Congressional Budget Office says

    The Congressional Budget Office says the conflict with Iran has already cost US citizens $38 billion in its first five months, with monthly costs of $2-3 billion. It also confirmed that the war has depleted US weapons stocks, including critical interceptors used by air-defense systems.

    United StatesIran warmilitary spendingweapons stocks

    TTASS★★★★★2026-09-15 20:06Original
  • Iran war costs $38 billion as CBO warns of higher inflation
    Iran war costs $38 billion as CBO warns of higher inflation

    A nonpartisan Congressional Budget Office assessment says the US war with Iran had cost at least $38 billion by the end of July and is expected to drive inflation higher still.

    Iran warUnited Statesinflationwar costs

    AABC News★★★★☆2026-09-15 18:49Original
  • Iran war driving up inflation for Americans, CBO report says
    Iran war driving up inflation for Americans, CBO report says

    The Congressional Budget Office estimates that the war with Iran has caused more than one-third of this year’s increase in inflation and will push prices higher again in the first quarter of next year, according to a report released Tuesday.

    Iran warUS inflationCongressional Budget Office

    NNBC News★★★★☆2026-09-15 18:49Original
  • Iran war has cost Pentagon $38 billion and depleted missile stockpiles, CBO says
    Iran war has cost Pentagon $38 billion and depleted missile stockpiles, CBO says

    The Congressional Budget Office says the war in Iran has cost the Pentagon $38 billion and depleted its missile stockpiles.

    Iran warPentagonmilitary spendingmissile stockpiles

    CCNBC★★★★☆2026-09-15 18:36Original
  • Iran war cost reaches $38 billion, set to rise $3 billion monthly, CBO says
    Iran war cost reaches $38 billion, set to rise $3 billion monthly, CBO says

    The six-month U.S. war against Iran has cost $38 billion so far, with spending projected to increase by $3 billion each month, according to the Congressional Budget Office. The Trump administration is seeking to end the conflict and reopen the vital Strait of Hormuz.

    Iran warUnited Stateswar spendingStrait of Hormuz

    RReuters★★★★☆2026-09-15 18:10Original

Is Donald ‘drill, baby, drill’ Trump helping the world transition away from oil?

Donald Trump campaigned for the U.S. presidency in 2024 on a promise to do almost anything for the oil industry, summed up by his slogan, “Drill, baby, drill.” Yet many of his forceful actions since returning to office have worked in the opposite direction.

Energy & commoditiesCompanies & industryDonald Trumpoil industryenergy transition

CCBC NewsOriginal★★☆☆☆2026-09-16 08:00

Is Donald ‘drill, baby, drill’ Trump helping the world transition away from oil?

UK inflation reaches 3.1%, but data offers some relief for BoE

Official figures showed British inflation accelerated to a five-month high of 3.1% in August. Measures that exclude sharply rising energy prices remained stable, ahead of expectations that the Bank of England will leave interest rates unchanged the next day.

Macro & central banksEnergy & commoditiesUK inflationenergy pricesBank of England

RReutersOriginal★★★☆☆2026-09-16 07:25

UK inflation reaches 3.1%, but data offers some relief for BoE
UK inflation reaches 3.1%, but data offers some relief for BoE
  • UK inflation jumps to 3.1% as energy costs soar
    UK inflation jumps to 3.1% as energy costs soar

    UK inflation has risen to 3.1% as energy costs soar. The reading comes only hours before the Bank of England is due to update its monetary policy.

    UK inflationenergy costsBank of England

    CCNBC★★★☆☆2026-09-16 06:18Original

Japan August imports jump as oil prices lift costs, exports stay firm

Japan recorded its biggest rise in imports in nearly four years in August as higher oil prices increased energy costs. Exports grew for a 12th straight month, supported by resilient demand related to semiconductors, government data showed Wednesday.

Macro & central banksEnergy & commoditiesTrade & sanctionsCompanies & industryJapan economytradeimportsexports

RReutersOriginal★★★☆☆2026-09-16 05:05

Japan August imports jump as oil prices lift costs, exports stay firm
Japan August imports jump as oil prices lift costs, exports stay firm

Oil falls as U.S. crude inventories reportedly rise and traders weigh Saudi pipeline closure

Oil prices fell Wednesday after an unexpected reported rise in U.S. crude inventories outweighed concerns about supply disruptions following an Iran-backed attack on Saudi Arabia’s East-West pipeline and its closure.

Energy & commoditiesoil pricesU.S. crude inventoriesSaudi ArabiaIran

CCNBCOriginal★★★★☆2026-09-16 04:14

Oil falls as U.S. crude inventories reportedly rise and traders weigh Saudi pipeline closure
Oil falls as U.S. crude inventories reportedly rise and traders weigh Saudi pipeline closure

Germany Leads Last-Minute Push to Avoid EU Carbon Market Glut

Germany is pushing to reduce the risk of excess permits in the European Union’s carbon market while scaling back supply-control concessions offered by the bloc’s executive to ease industry fears about excessive price swings.

Energy & commoditiesGermanyEuropean Unioncarbon marketemissions permits

BBloomberg NewsOriginal★★★★☆2026-09-16 04:00

Germany Leads Last-Minute Push to Avoid EU Carbon Market Glut
Germany Leads Last-Minute Push to Avoid EU Carbon Market Glut

Oil falls as US crude inventories rise despite Saudi supply concerns

Oil prices declined on Wednesday after U.S. crude inventories unexpectedly increased. Investors also weighed supply risks after Saudi Arabia halted oil loadings at Yanbu port following an attack on its East-West pipeline to the Red Sea.

Energy & commoditiesoil pricesUS crude inventoriesSaudi Arabiasupply risks

RReutersOriginal★★★★☆2026-09-16 02:00

Oil falls as US crude inventories rise despite Saudi supply concerns
Oil falls as US crude inventories rise despite Saudi supply concerns
  • Saudi Arabia cancels oil deliveries to Europe after East-West pipeline blast
    Saudi Arabia cancels oil deliveries to Europe after East-West pipeline blast

    Saudi Arabia has cancelled some oil deliveries to Europe after drone attacks shut down its key export pipeline to the Red Sea. The rare move has triggered global panic and sent buyers rushing to find alternatives.

    Saudi Arabiaoil supplypipelinedrone attacks

    AAl Jazeera★★★★☆2026-09-16 01:53Original
  • Attacks on Saudi oil expose Iraqi PM’s struggle to control armed factions
    Attacks on Saudi oil expose Iraqi PM’s struggle to control armed factions

    A senior Iraqi source says a “resistance splinter” group may have carried out the September attack on Saudi Arabia’s East-West oil pipeline. The drones were launched from Iraqi territory, threatening about 4 percent of global oil supplies and testing Prime Minister Ali al-Zaidi’s pledge to bring armed groups under state control.

    Saudi ArabiaIraqoil pipelinearmed factions

    AAl Jazeera★★★★☆2026-09-16 01:35Original

Tether, Binance and $1.5 billion Iran oil network converge in US forfeiture case

US prosecutors are seeking civil forfeiture of about $61.2 million in USDT allegedly linked to black-market Iranian oil sales. They describe a wider network that moved more than $1.5 billion in alleged proceeds through crypto addresses, Iran-based exchanges and Binance. Binance is not accused of wrongdoing and says it cooperated with investigators.

Energy & commoditiesCryptoIran oilcryptocurrencyasset forfeitureTetherBinance

CCryptoSlateOriginal★★★★☆2026-09-15 23:00

Tether, Binance and $1.5 billion Iran oil network converge in US forfeiture case
Tether, Binance and $1.5 billion Iran oil network converge in US forfeiture case

Some physical oil cargoes top $130 a barrel, nearing April record, on Saudi disruptions

Prices for some physical oil cargoes in Europe rose above $130 a barrel on Tuesday, nearing the record reached in April. Buyers are scrambling for alternatives as intensifying conflict in the Middle East causes increasing disruptions to regional supplies.

Energy & commoditiesoil pricesSaudi ArabiaMiddle East conflict

RReutersOriginal★★★★☆2026-09-15 22:30

Some physical oil cargoes top $130 a barrel, nearing April record, on Saudi disruptions
Some physical oil cargoes top $130 a barrel, nearing April record, on Saudi disruptions

Horizontal or vertical? Europeans invited to vote on future banknote designs

People across the eurozone have been asked to choose designs for future euro banknotes. Proposals feature historical figures including Marie Curie and Leonardo da Vinci, alongside a vertical layout, with circulation expected around 2030. Separately, French fishermen clashed with police while attempting to blockade an oil depot as the Iran war drove fuel prices higher.

MarketsEnergy & commoditiesEurobanknote designeurozonefuel prices

FFrance 24Original★★☆☆☆2026-09-15 20:52

Horizontal or vertical? Europeans invited to vote on future banknote designs
Horizontal or vertical? Europeans invited to vote on future banknote designs

Canada can offer a more reliable route for energy exports to the EU, expert says

Dr. Walaa-Eldeen Bakry of Westminster Business School says Carney is deliberately diversifying Canada’s trade policy. She argues that Canada could provide a more reliable route for energy exports to the EU, noting a significant rise in oil shipments to some European countries last year.

Energy & commoditiesTrade & sanctionsCanadaEuropean Unionenergy exportstrade diversification

FFrance 24Original★★☆☆☆2026-09-15 19:42

Canada can offer a more reliable route for energy exports to the EU, expert says
Canada can offer a more reliable route for energy exports to the EU, expert says

Russia backs nations’ sovereign right to choose their energy mix, minister says

Russia respects every country’s sovereign right to set its own development path and energy mix, Energy Minister Sergey Tsivilyov said ahead of the G20 energy ministerial meeting. He argued that no energy source is inherently good or bad, and that all available sources and technologies can support energy security according to national conditions.

Energy & commoditiesRussiaenergy policyenergy transition

TTASSOriginal★★☆☆☆2026-09-15 18:49

Russia backs nations’ sovereign right to choose their energy mix, minister says

Dangote profits from Europe fuel crunch as IPO tests investor appetite

Nigeria’s Dangote refinery has become a major fuel supplier to Europe after disruptions to Middle East exports. Its growing role in global fuel markets has helped produce record profits ahead of the company’s stock market debut.

MarketsEnergy & commoditiesCompanies & industryDangote refineryEurope fuelIPO

RReutersOriginal★★★☆☆2026-09-15 18:40

Dangote profits from Europe fuel crunch as IPO tests investor appetite
Dangote profits from Europe fuel crunch as IPO tests investor appetite

Russia’s Leningrad region to cap fuel purchases at 30 liters per fill-up

Leningrad region will impose a uniform 30-liter fuel limit per fill-up in the coming days, temporarily through October 1. Governor Alexander Drozdenko said about 20% of independent and small gas stations have stopped operating because they could not secure enough fuel. AI-92 supplies are stabilizing, while AI-95 remains scarce; there is no diesel shortage.

Energy & commoditiesRussiafuel shortageLeningrad regionfuel rationing

MMeduzaOriginal★★★☆☆2026-09-15 18:27

Russia’s Leningrad region to cap fuel purchases at 30 liters per fill-up
Russia’s Leningrad region to cap fuel purchases at 30 liters per fill-up

Brent crude surges past $109 a barrel in ICE trading rally

November Brent crude futures on London’s ICE exchange rose more than 3.5% on Tuesday, moving above $109 a barrel. At 8:19 p.m. Moscow time, Brent stood at $109.25, later gaining 3.51% to $109.39. October WTI futures jumped 5.29% to $106.75.

MarketsEnergy & commoditiesBrent crudeoil pricesWTIICE exchange

TTASSOriginal★★☆☆☆2026-09-15 18:06

Brent crude surges past $109 a barrel in ICE trading rally

Lukoil refinery crisis shows Europe’s cost of severing ties with Russia, expert says

Romanian authorities are likely to seek a legal route to restart the Lukoil-owned Petrotel refinery without violating current US sanctions, political scientist Ilya Grashchenkov told TASS. The prolonged shutdown has become a domestic political challenge, with trade unions warning that about 460 companies could go bankrupt. The crisis threatens the wider industrial chain and leaves Bucharest balancing sanctions compliance against jobs, fuel prices and stability.

Energy & commoditiesTrade & sanctionsRomaniaPetrotel refineryLukoilsanctions

TTASSOriginal★★★☆☆2026-09-15 17:57

Lukoil refinery crisis shows Europe’s cost of severing ties with Russia, expert says

Russia remains guarantor of global energy security, energy minister says

Russian Energy Minister Sergey Tsivilyov said Russia remains a reliable energy supplier and cannot be excluded from global supply chains. He cited the country’s combined oil and gas reserves of about 60 billion tonnes of oil equivalent, equal to 14% of the global total, and outlined plans to expand LNG production and pipeline capacity toward the Asia-Pacific region.

Energy & commoditiesRussiaenergy securityoil and gas reservesLNG

TTASSOriginal★★★☆☆2026-09-15 17:29

Russia remains guarantor of global energy security, energy minister says

Russia’s Pipeline Gas Exports to Turkey Fall 10% in January–July

Russia’s pipeline gas supplies to Turkey fell 10.4% year on year to 11.4 billion cubic meters in January–July 2026, according to TASS calculations based on Turkish regulator data. July imports through TurkStream and Blue Stream totaled 948 million cubic meters.

Energy & commoditiesTrade & sanctionsRussiaTurkeynatural gaspipeline exports

TTASSOriginal★★☆☆☆2026-09-15 17:12

Russia’s Pipeline Gas Exports to Turkey Fall 10% in January–July

US prosecutors say Chinese groups used Binance to launder $61mn from Iranian oil deals

The US Justice Department has filed a forfeiture lawsuit seeking to seize $61mn in alleged proceeds processed through Binance. Prosecutors say Chinese groups used the cryptocurrency platform to launder money from Iranian oil deals.

Energy & commoditiesCryptoCompanies & industryBinanceIranian oilmoney launderingUS Justice Department

FFinancial TimesOriginal★★★☆☆2026-09-15 16:52

US prosecutors say Chinese groups used Binance to launder $61mn from Iranian oil deals
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