Iran War

Middle East crude exports hit their highest level since the Iran war began, led by a rebound in Saudi shipments through the Strait of Hormuz.

China’s refined oil product exports rose 12.7 percent in August, with jet fuel exports hitting a record high as Beijing eased its wartime export controls.

Asian LNG demand is set to fall for a second straight year as the US-Israeli war on Iran curbs Gulf supply and drives prices to multi-year highs, analysts say.

China’s refined fuel exports rose from June toward pre-Iran war levels in July, after Beijing eased the export curbs it imposed during the war.

KEY POINTS Shell has reported a strong financial performance, posting adjusted profits of $6.92 billion for the first quarter of 2026, marking its highest quarterly profit in two years. The …

The Iran war’s energy shock is pushing Asia and Africa to expand nuclear power, with governments fast-tracking reactor plans across both continents.

Rising energy costs in Egypt are forcing Cairo nightlife venues to close earlier, disrupting businesses, reducing revenue, and reshaping the city’s vibrant after-dark social scene.

South Africa will cut its fuel levy for one month to ease rising pump prices, offering temporary relief to consumers amid increasing global energy costs.

KEY POINTS Dangote Refinery has announced another upward review of its petrol pricing, raising the gantry price of Premium Motor Spirit (PMS) from ₦1,175 to ₦1,245 per litre, a ₦70 …

KEY POINTS Oil prices rose sharply on Monday as the conflict between the United States, Israel, and Iran entered its third week, intensifying concerns over global supply. Brent crude, the …